The House Financial Services Committee: What Should Fintech Expect from Chair Maxine Waters?

Crowdfund Insider cited Senior Fellow John Berlau on his predictions for Representative Waters:

John Berlau, of the Competitive Enterprise Institute, recently published his expectations for Representative Waters as she takes control of the Committee. In the recent blog post, Berlau was optimistic in his predictions. He noted that Representative Waters’ statements on several bipartisan deregulation bills give hope that “Congress can still help ordinary investors and entrepreneurs by reducing the red tape that hampers investment crowdfunding and encouraging the array of new financial technologies known collectively as Fintech.”

“Such legislation is increasingly urgent with an uncertain stock market, as ordinary investors and entrepreneurs are looking for new avenues of raising capital and building wealth,” said Berlau.

Referencing a speech at the Center for American Progress Action Fund, a more liberal entity, Berlau stated:

“In her speech, Waters lauded measures she had supported in previous sessions of Congress that would have lifted regulatory barriers to investing and raising capital. After stating at (around 38:00 in the video recording of her speech) that “throughout my career, I have looked for opportunities to build consensus and work across the aisle on common-sense solutions to benefit hard-working Americans,” Waters cited two specific deregulatory measures she helped craft with Rep. Patrick McHenry (R-NC), who is now the ranking minority member on the Financial Services Committee.”

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