Expanding Access to Capital Act of 2023

Floor Speech

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Mr. WILLIAMS of Texas. Mr. Chair, I rise today in support of H.R. 2799, the Expanding Access to Capital Act.

This commonsense legislation is critical for long-term, sustainable economic growth by strengthening our public markets, helping small businesses and entrepreneurs, and increasing opportunity for all investors.

The Biden administration has continuously increased obligations and regulations, which in turn have increased compliance costs for public companies and businesses. H.R. 2799 would reduce compliance burdens and allow for companies and markets to thrive.

This important legislation would also benefit small businesses by reducing regulatory barriers to ensure small business and entrepreneurs have access to the capital they need to support their operations and communities.

I thank Chairman McHenry for including language from my legislation that expands benefits currently reserved for emerging growth companies to other public companies. The EGC on-ramp has been a key tool in funding growth and will make public markets more attractive to help small issuers and level the playing field.

Mr. Chair, I urge my colleagues to support this legislation, the Expanding Access to Capital Act, to help strengthen public markets. In God we trust.

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