Passed the day it was introduced, HR 4860, "to subject crowdfunding vehicles to the jurisdiction of the Securities and Exchange Commission" Retweet

Amidst all the impeachment talk, what has Congress been doing?

The House passed 46 bills totalling 544 pages, and the Senate passed 13 bills totalling 115 pages in September
The House passed 59 bills totalling 887 pages, and the Senate passed 11 bills totalling 772 pages in October

But not all days are the same. For instance…

On October 28, the House passed a whopping 17 bills totalling 248 pages!

Among them was HR 4860, "to subject crowdfunding vehicles to the jurisdiction of the Securities and Exchange Commission."

To many of us who have used crowdfunding, this sounds important…

Will the unelected SEC regulate GoFundMe out of existence?

I don't know, and I doubt that anyone in Congress knows.

HR 4860 was passed THE SAME DAY it was introduced.
Congress didn't read the bill; not even a summary of the bill was available.
The 12-page bill amends current law, but doesn't include the text of the original law to show how it is changed, meaning...
We don't really know what the bill says or means.

Even worse…

The bill passed by voice vote, so you don't even know how your Representative voted!

The way this bill was passed isn't unusual. It is classic statesploitation. You can guarantee that some special interest was standing there watching their text be rammed through.

Meanwhile, our so-called Representatives write back and tell us that…

If they took the time necessary to read their bills, nothing would ever get done.
If we object to this process, then we must be "against" important legislation.

Then they ram through bills that we'll later have to obey and pay for.

Downsize DC doesn't want you to be statesploited this way. That's why we created the Read the Bills Act. It would:

Force all bills to be read before a quorum in Congress, meaning ONLY important and necessary bill will be considered.
Require bills to include the original in the law that's being amended.
Require a seven-day waiting period before bills are read and a vote in Congress, giving YOU time to voice your opinion.

Please tell your Representative and Senators to introduce the Read the Bills Act.

Reintroduce the Read the Bills Act

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Jim Babka, President
Downsize DC
#dwnszStatesploitation