More on Government Regulation
I am hearing from many constituents who have received notices that their healthcare premiums are skyrocketing, or their plans are being dropped either by their employers or their insurers, or that they are having hours cut back, salaries reduced or positions eliminated at work as employers try to cope with these increased costs.
I need to know how this law is affecting you. I invite you to share your experience with me so that I can get a clearer picture of how this program is unfolding and so that I can share your experiences with my colleagues.
Congressman McClintock is the chairman of the Subcommittee on Federal Lands. The subcommittee held an oversight hearing on May 2, 2017. Congressman McClintock delivered the following opening statement:
Opening Statement of Chairman Tom McClintock
House Committee on Natural Resources
Subcommittee on Federal Lands
H.R. 1219 – Supporting America’s Innovators Act: YES. Venture capital firms loan money to start-up companies. Since the adoption of Dodd-Frank, heavy government regulation has severely reduced the amount of capital loaned by these firms. Although the JOBS Act of 2012 eased the regulatory burdens on small capital venture firms, its provisions did not apply to coordinated investment pools of more than 100 investors. This bill simply raises that cap to 250, on funds with less than $10 million of capitalization.