More on Government Regulation
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.
S.J.Res. 34 – Congressional Disapproval of FCC Rule on Broadband Privacy: NO