Tuesday, April 29, 2014
WASHINGTON, D.C. – Congressman Robert Hurt (R-Virginia) released the following statement regarding today's Financial Services Committee hearing entitled, "Oversight of the SEC's Agenda, Operations, and FY 2015 Budget Request":
"I firmly believe that one of the foremost responsibilities of this Committee is to provide the appropriate oversight and scrutiny of the federal agencies' budgets under our jurisdiction. At a time when our national debt surpasses $17 trillion, federal agencies must learn to work smarter and do more with less.
"In addition to examining the SEC's budget request, I appreciated the opportunity for the Committee to discuss with SEC Chair Mary Jo White her priorities for the upcoming year. A critical component of those priorities must be expanding capital formation for small businesses and start-ups. The House has been leading the way on increasing capital access for these companies with the passage of the JOBS Act and similar bills will spur growth and opportunity for our nation and for the people I represent in Virginia's Fifth District.
"I also appreciate Chair White's support for improving college savings for families across our nation, and I look forward to moving forward with bipartisan legislation that I introduced that will provide a commonsense update to our securities laws allowing families who invest in these prepaid college savings plans to get the most return on their investments."
Video of Rep. Hurt's opening statement: clicking the image below or HERE.