Rep. Thompson Vote Role Call – April 7th 2017

Here’s the roll call on Rep. Thompson’s votes last week (this comes from

WASHINGTON — Here’s how area members of Congress voted on major issues in the week ending April 7. When Congress returns from Easter-Passover recess in the week of April 24, it will take up a 2017 funding bill to keep the government from shutting down after April 28.

1) Easing rules for venture capital: Voting 417 for and three against, the House on April 6 passed a bill (HR 1219) that would make it easier for individuals to form into a certain type of private investment fund without having to meet Securities and Exchange Commission registration requirements. Amending a 77-year-old SEC rule, the bill would raise from 100 to 250 the maximum number of accredited investors (those with at least $200,000 in annual income or $1 million in net assets) who are allowed in so-called “angel funds.” Together, they could pool up to $10 million for purchasing nonpublic, unregistered securities in startups and other enterprises that seek capital. The SEC’s registration requirements stem from the Securities Act of 1933 (a Great Depression law), the 2002 Sarbanes-Oxley law (a response to the Enron debacle) and the 2010 Dodd-Frank law (an outgrowth of the Great Recession). They are designed to protect investors against fraudulent operators. But to spur commerce and for other reasons, the SEC occasionally grants narrowly defined exceptions to its registration rules. A yes vote was to send the bill to the Senate.

U.S. Rep. Glenn Thompson, R-5th Dist.: Yes.

2) Congressional probes of Trump-Russia ties: Voting 185 for and 228 against, the House on April 4 refused to deny benefits under HR 1343 (above) to any company whose officers or directors have withheld from Congress information about any collusion between associates of candidate Donald Trump and Russian officials aimed at influencing the outcome of the 2016 presidential election. A yes vote was to adopt the Democratic motion.

Thompson: No.


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