mr. garrett: thank you, mr. speaker. i now move to suspend the rules and pass the bill h.r. 3784 as amended, to amend the securities and exchange act to have 1934 to establish an office of advocate for small business capital formation and a small business capital formation advisory committee and for such other purposes. the speaker pro tempore: the clerk will report the title of the bill. the clerk: h r. 3784rk a bill to amend the securities and exchange act of 1934 to establish an office of the advocate for capital formation and a small business capital formation advisory committee and for other purposes. the speaker pro tempore: pursuant to the rule, the gentleman from new jersey, mr. garrett and the gentleman from delaware, mr. karney, each will control 30 minutes. the chair recognizes the gentleman from new jersey. mr. garrett: i ask unanimous consent that all members have five legislative days to revise and extend their remarks and include any extraneous material with regard to this bill. the speaker pro tempore: wi
the unfinished business is the vote on the motion of the gentleman from new jersey, mr. garrett, to suspend the rules and pass h.r. 2187 as amended on which the yeas and nays are ordered. the clerk will report the title of the bill. the clerk: union calendar number 309. h.r. 21 7. a bill to -- 2187. a bill to direct the securities and exchange commission to revise its regulations regarding the qualifications of natural persons as accredited investors. the speaker pro tempore: the question is, will the house suspend the rules and pass the bill as amended. members will record their votes by electronic device. this is a 15-minute vote. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the speaker pro tempore: the question is on the motion of the gentleman from new jersey, mr. garrett, to suspend the rules and pass h.r. 416. on w
mr. garrett: thank you, mr. speaker. i now yield such time as the gentleman may consume to the sponsor of this piece of legislation, mr. messer. the speaker pro tempore: the gentleman from indiana is recognized for as much time as he may consume. mr. messer: thank you, mr. carney, thank you, mrs. maloney. what would you think if i told you that the federal government bureaucracy is favoring foreign bonds and corporate bonds over identically valued u.s. municipal bonds? it wouldn't make any sense. our federal bureaucracy shouldn't create rules that favor loans to foreign countries over loans to our own local governments and schools. yet, that's exactly what's happening under our federal -- our broken federal regulatory scheme. today's bill, h.r. 2209, would correct this problem. i'm proud to have co-authored this bipartisan bill with congresswoman maloney. i also want to thank my good friends, mr. poliquin, mr. pearce, the chairman and others who helped us in working on this bill. i want to thank you for this support. it'
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