top of page

House passes my bill to strengthen SW MI economy

I am happy to share with you that my legislation to strengthen opportunity, investment, and small business across Southwest Michigan passed the U.S. House unanimously last week! The current definition used by the Securities and Exchange Commission (SEC) to identify “accredited investors” is outdated. It is solely and wrongly based on a person’s wealth or, more specifically, on their net income. This antiquated view limits funding for small business startups and shuts everyday Americans out of our capital markets. You shouldn’t have to be a millionaire to be an accredited investor, which is why I introduced H.R. 1579, the Accredited Investor Definition Review Act.

Want to read more?

Subscribe to www.tricityrecord.com to keep reading this exclusive post.

Subscribe Now
0 comments

Related Posts

See All

CATCH THE BUS… Assigned to RAF Alconbury I was abandoned for a week waiting for a plane. I got to the transport easy enough. A clerk had me check in and told me to sit down, I had missed my plane. I’

This week, Ford announced that it is pausing construction on its forthcoming Blue Oval plant in Marshall, Michigan—a project that has received more than $1.7 billion in state incentives. As part of it

bottom of page