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Waukesha Times

Saturday, May 4, 2024

Fitzgerald Applauds Passage of Capital Formation Bill for Boosting Economic Opportunity

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Congressman Scott Fitzgerald | Official U.S. House headshot

Congressman Scott Fitzgerald | Official U.S. House headshot

WASHINGTON, DC – Today, Congressman Scott Fitzgerald (WI-05) issued a statement expressing his support for the passage of H.R. 2799, the Expanding Access to Capital Act.

"American public markets remain the go-to place for innovative companies to grow and build capital, but we cannot take our strength for granted," said Rep. Fitzgerald.

Fitzgerald highlighted the challenges posed by the regulatory environment under the leadership of President Biden, stating, "Under President Biden’s leadership, and with the help of his federal bureaucrats, the regulatory environment has steadily become more burdensome and costly." He emphasized his pride in contributing to the passage of the Expanding Access to Capital Act as a response to what he views as harmful proposals from the administration.

In his statement, Fitzgerald underscored the significance of the bill, stating, "Simply put, this bill strengthens our public markets, helps small businesses, and increases opportunities for ALL investors."

The Expanding Access to Capital Act aims to bolster public markets, support small businesses, and enhance investment opportunities for a wide range of investors. Fitzgerald's endorsement of the legislation reflects his commitment to fostering economic growth and expanding opportunities within the financial sector.

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