Tom Ridge, former Secretary of the Department of Homeland Security, looks down on Sully, service dog to former President George H. W. Bush, who keeps watch over the casket of the former president in the Capitol Rotunda on Tuesday December 4, 2018.
“From one veteran to another” — reprinted by Ronald Woessner
Bob Dole, 95, is helped out of his wheelchair to salute the casket of fellow World War II veteran George H. W. Bush at the US Capitol rotunda on Tuesday, December 4, 2018. “A last, powerful gesture of respect from one member of the greatest generation … to another.” tweeted Bush’s spokesman Jim McGrath. Dole said Bush brought “wisdom,” and “incomparable patriotism” to the American people.
“To us, he was the brightest of a thousand points of light” — reprinted by Ronald Woessner
A state funeral was held Wednesday, December 5, 2018, for former president George H. W. Bush at the National Cathedral in Washington, D.C. Former president George W. Bush said of his father: “To us, he was the brightest of a 1,000 points of light.”
“He Showed Me What It Means to be a President” — reprinted by Ronald Woessner
“He showed me what it means to be a president who serves with integrity, leads with courage, and acts with love in his heart for the citizens of our country,” said former President George W. Bush regarding his father at the state funeral for former President George H. W. Bush held in the National Cathedral on December 5, 2018.
“President Bush 41: President Patriot Gentleman” — reprinted by Ronald Woessner
Photo of former President George W. Bush as he eulogizes his father, former President George H. W. Bush, at the funeral service in National Cathedral on December 5, 2018.
Chairman Hensarling Urges Senate Action on JOBS Act 3.0 on US House Floor — reprinted by Ronald Woessner
WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following speech on the House Floor today, urging the Senate to pass the “JOBS & Investor Confidence Act of 2018,” otherwise known as the JOBS Act 3.0:
“I come here today, Mr. Speaker, and I picked up a copy of this morning’s edition of the Wall Street Journal. Many Americans would consider it to be the most influential newspaper in America; but certainly at least on economic matters, I think, most would agree. I just happened to read the lead editorial today, Mr. Speaker, and it says that the House, this body, “has done yeoman’s work shepherding bipartisan bills to expand access to capital.” Most influential paper in America. There’s a lot in between but let me go to the last sentence where it says, “The Senate shouldn’t scuttle what could be one of this congress’s better achievements.” That’s in today’s Wall Street Journal, Mr. Speaker, and the Journal’s talking about JOBS 3.0. It’s a bill that came out of this body 406-4, and its purpose, Mr. Speaker, is to promote small business, to promote entrepreneurial capitalism, to promote venture capital. Again, Mr. Speaker, it came out of this body 406-4. We couldn’t get 406-4 votes on a Mother’s Day resolution. And yet it languishes on that side of the Capitol. So I’ve been in this body for 16 years, Mr. Speaker, and I’ve learned a few things. One of the things I’ve learned is never underestimate the Senate’s capacity to do nothing. And unfortunately, so far, the United States Senate has done nothing on a bill that passed 406-4. Mr. Speaker, thanks to the leadership of President Donald Trump, thanks to the leadership of Speaker Paul Ryan, thanks to the leadership of Chairman Kevin Brady, we have what for most Americans – not all, but for most Americans – is the greatest economy they have had in their entire lifetime. Unemployment at a 50-year low. Cutting across all socioeconomic groups. Small business optimism, consumer optimism, off the charts. We are seeing more people come back into the labor force, and this is all great news. But we cannot be blinded by the fact that as good as the economy is of today, we still have to concentrate on the economy of tomorrow. And we need to know, can we ensure that the seed capital is there? Can we make sure that our public policy nourishes the drivers of tomorrow’s economy, the next Amazons, the next Googles, the next Ubers; where are they going to come from? So unfortunately, Mr. Speaker, what we have seen is that as recently as 2016, as recently as 2016, startups in America have been cut in half. And oh, incidentally the securities regulatory burden has increased by over 50% in the last 10 years, and by over 80%. It now costs, Mr. Speaker, twice as much to go public today as it did 10 years ago. And what do we see? We see half the number of companies going public. They don’t seem to have that problem in China, Mr. Speaker, because China has over 1/3 of the world’s I.P.O.’s or initial public offerings. Yet the United States, our I.P.O.’s have been cut in half. That’s why it’s so important that every Congress, every Congress we go back and we ensure that our securities laws are written in such a way that we make sure that entrepreneurial capitalism can’t just survive in America, but absolutely thrive. So I come to this floor again to ask that our colleagues on the other side of the Capitol, and I have many friends in that body, but I am often confused why, why they cannot act on something that has received incredible, incredible support in the House. Mr. Speaker, November is National Entrepreneurship Month. There’s only two days left in the month. So I hope that my voice can be heard on the other side of the Capitol, and I would ask the United States Senate to immediately take up the JOBS 3.0 Act, and make sure that the economy of tomorrow for our children and grandchildren is as healthy and thriving as the economy of today.” ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ See the link here for Mr. Woessner’s bio. |
SEC Proposed Rule Regarding Covered Investment Fund Research Reports – Summary by Ronald Woessner
On May 23, 2018, as directed by Congress pursuant to the Fair Access to Investment Research Act of 2017, the SEC proposed a new rule under the Securities Act of 1933.
If adopted, the proposal would establish a safe harbor for an unaffiliated broker or dealer participating in a securities offering of a “covered investment fund” to publish or distribute a “covered investment fund research report.” If the conditions for the safe harbor are satisfied, this publication or distribution would be deemed not to be an offer for sale or offer to sell the covered investment fund’s securities for purposes of sections 2(a)(10) and 5(c) of the Securities Act of 1933.
The SEC also proposed a new rule under the Investment Company Act of 1940. This proposal would exclude a covered investment fund research report from the coverage of section 24(b) of the Investment Company Act (or the rules and regulations thereunder), except to the extent the research report is otherwise not subject to the content standards in self-regulatory
organization rules related to research reports, including those contained in the rules governing communications with the public regarding investment companies or substantially similar standards.
Public comments on the proposal were required to be submitted to the SEC on July 9, 2018.
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++
See Mr. Woessner’s biography at the link here.
House Majority Leader’s Weekly Schedule – Week of 11/26/18 – Reprint by Ronald Woessner
|
Mr. Woessner’s bio appears here.
Housing and Insurance Subcommittee Hearing Entitled “Oversight of the Federal Housing Administration” by Ronald Woessner
|
Mr. Woessner’s bio appears here.
Monetary Policy & Trade Subcommittee Hearing Entitled “Evaluating the Effectiveness of the International Financial Institutions” by Ronald Woessner
The Monetary Policy and Trade Subcommittee will hold a hearing entitled “Evaluating the Effectiveness of the International Financial Institutions” at 9:15 a.m. on Wednesday, November 28, 2018, in Room 2128 of the Rayburn House Office Building.
This will be a one-panel hearing with The Honorable David Malpass, Under Secretary for International Affairs, U.S. Department of the Treasury as the sole witness.
This hearing will examine the Administration’s efforts to reform the World Bank, International Monetary Fund (IMF), and other international financial institutions (IFIs). A particular focus will be the Treasury Department’s strategy to incentivize IFI staff to produce demonstrable results, its oversight of major lending programs, and its examination of resource levels at the World Bank and IMF.
Mr. Woessner’s bio appears here.