Disclosure Modernization and Simplification Act of 2014by Representative Gwen Moore
Posted on 2014-12-02
MOORE. Mr. Speaker, I yield myself such time as I may consume.
I rise in strong support of Mr. Garrett's bill, H.R. 4569, which was favorably reported from the House Financial Services Committee, and championed by my friend from New York (Mrs. Maloney).
I would like to associate myself with the long and extended explanation by Mr. Garrett of New Jersey, and just to say, Mr. Speaker, that, in short, this bill will make disclosures that public companies make more streamlined, manageable, and user friendly.
I really appreciate the participation of my good friend, Representative Maloney, who really worked hard to make sure that this legislation was balanced and it included language to emphasize that we needed to reduce burdens on companies, but we need to preserve investment protection.
So, given the changes that Mrs. Maloney made with the Maloney amendment, I strongly support the legislation, would urge all my colleagues to support it, and I yield back the balance of my time.