Congressman Patrick McHenry
April 9, 2017
Congressman McHenry Weekly Update

Helping Small Businesses & Startups Access Capital

This week marked another big step in my work to make it easier for small businesses and startups to access capital as my bill, H.R. 1219 the Supporting America's Innovators Act, passed the House by a vote of 417 to 3. The bill now moves to the Senate where it has already been approved by the Senate Banking Committee. H.R. 1219 is a common sense, bipartisan bill that will remove unnecessary and outdated regulations. By removing these regulations we can further advance the growth of innovative types of capital formation that can be used by small businesses and startups as they work to create jobs. You can view my full press release on the bill's passage by clicking here. Additionally, you can watch my House floor speech in support of H.R. 1219 by clicking here or on the image below.

A New Associate Justice of the US Supreme Court

Congratulations to our nation's newest Associate Justice of the US Supreme Court, Judge Neil Gorsuch. Judge Gorsuch was confirmed by the US Senate on Friday and will likely be sworn in as an Associate Justice tomorrow. Judge Gorsuch is extremely qualified to join our nation's highest court, something he exhibited during his many hours of testimony before the Senate Judiciary Committee. In February, I was honored to be in the White House's East Room as President Trump announced his selection of Gorsuch to take the seat long held by the late, Justice Antonin Scalia. At the time I applauded President Trump's selection and throughout the confirmation process, Judge Gorsuch has affirmed why President Trump was wise to select him: he will be an originalist jurist in the mold of Justice Scalia.

JOBS Act Five Year Anniversary

In 2012, I authored the crowdfunding portion of the JOBS Act which was the most significant, bipartisan legislation signed into law during the 112th Congress. Our goal when writing the legislation was to remove outdated and burdensome regulations that make it harder for small businesses and startups to access capital thus allowing these businesses to grow and create jobs. Since then, the law has been a success, with 87 percent of initial public offerings since 2012 being aided by provisions that were included in the law.

On Wednesday, I joined with House Majority Leader Kevin McCarthy (CA-23) to host a roundtable discussion on the JOBS Act and its progress thus far. We were joined at the event by investor Steve Case, venture capitalist Kate Mitchell, and a bipartisan group of House members. You can learn more about Wednesday's event by clicking the image below.

What I Have Been Reading

Stockholm 'Terrorist' Truck Attack Kills at Least Four in Crowd: Police

NBC News

Horrific scenes from Stockholm, Sweden on Friday where an apparent terrorist attack killed four. Following the recent attacks in London and St. Petersburg, this again highlights the ongoing danger posed by radical terrorists. My thoughts and prayers are with the victims and their families.  

Rollin' Hornets buzz into wheelchair basketball nationals

Gaston Gazette

Congratulations to the Charlotte Rollin' Hornets on making it to the National Wheelchair Basketball Association Tournament in Louisville, Kentucky this past weekend. The team--which includes three kids from Gaston County--won the Southeastern Division Regional Championship to advance to nationals. 

Alarm raised over 'suspicious trading' in Navient shares

USA Today

On Wednesday, CFPB Director Richard Cordray testified before the House Financial Services Committee. During the hearing, I questioned Director Cordray about suspicious trading the morning before a CFPB enforcement action against Navient was announced and whether the Director was looking into the possibility a CFPB employee could be responsible for leaking the information.  

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