Native Americans in the United States This map shows the approximate location of the ice-free corridor and specific Paleoindian sites Clovis theory. It is not definitively known how or when the Native Americans first settled the Americas and the present-day United States.
Before I begin my remarks, let me issue the standard disclaimer that the views I express today are my own, and do not necessarily reflect the views of the U. Congratulations on this milestone. Tonight I would like to spend my time with you discussing: The crucial role that immigrants have played in the economic growth of the United States; and How the SEC can enhance opportunities for small businesses to access capital and grow their businesses.
The Positive Impact of Immigrants on the U. Immigration makes us more prosperous. And immigration positions America to lead in the 21st century.
Let me highlight a few interesting facts about the impact of immigrants on our national economy. First, immigrants are business owners. For example, first generation immigrants: The Fiscal Policy Institute found that small businesses owned by immigrants directly employed an estimated 4.
This is especially true in the technology-intensive and service industries. The data overwhelmingly provides that immigrant-owned businesses contribute greatly to the U.
As a group, Hispanics have made significant contributions to our economy, by starting new businesses, creating jobs, and utilizing their purchasing power as consumers. Hispanic market would be one of the top ten economies in the world.
Immigrants have high business formation rates, and many of the businesses they create are very successful, hire employees, and export goods and services to other countries.
Immigrants are the engine of true capital formation in the United States. Access to Capital The positive role that immigrants play in our economy underscores the importance of making sure that immigrants and all small business owners have access to the capital that they need to start and grow their businesses, create jobs, and increase production.
Although personal savings is the largest source of capital for most start-ups, external capital is also important to many small and medium-sized businesses. The recent financial crisis and its aftermath still affect the availability of credit, and many small business owners report having difficulty getting credit from banks.
This is where the SEC can have a positive impact. The SEC also oversees 17 national securities exchanges and seven active registered clearing agencies. It goes without saying that our capital market is the largest and most complex in the world. The SEC is also responsible for establishing the disclosures required to be made by public companies and for ensuring that investors receive the information they need to make informed decisions about their investments.
Of course, the SEC is well-known as a law enforcement agency. SEC enforcement actions against those who engage in fraud and misconduct are essential to strong capital markets.
The SEC has no stronger mission than the protection of investors. Tonight, I want to focus on two provisions of the recent JOBS Act that are intended to enhance the ways that small businesses are able to raise equity capital.
Under current laws, that would be a public offering and would require registration with the SEC, a process that, admittedly, can take time and money, but is designed to inform and protect investors. Among other requirements, crowdfunding offerings will need to provide investors and the SEC with specified disclosures; however, these disclosures are expected to be substantially less fulsome than those currently required from issuers in registered public offerings; and Second, the crowdfunding exemption will allow any individual investors to participate, regardless of their wealth or sophistication — although aggregate crowdfunding purchases by an individual investor will be subject to annual limits, based on annual income and net worth.
Crowdfunding may turn out to be a very useful mechanism by which small businesses can raise needed capital, by harnessing the power of the Internet and social media to connect entrepreneurs with individuals. Nonetheless, many observers are concerned that unscrupulous persons will try to take advantage of this innovation for nefarious purposes.
However, to the extent that Internet crowdfunding increases the risk of fraud, it will be incumbent upon the SEC and state securities regulators to counter such increased risk through robust investor education and outreach efforts, and through strong enforcement efforts, when fraud occurs.
I expect that state securities regulators will work with the Commission to develop a uniform offering circular intended to meet both federal and state law requirements under the proposed exemption.The enforcement of building codes, management of social housing, police, schools and transportation services, and supporting economic development for a range of social groups and communities may not be leading national policy concerns.
Immigrants play an outsize role in establishing “main street” businesses (retail, accommodation and food services, and neighborhood services), which are important for generating neighborhood-level economic growth and revitalization.
The Many Contributions of Immigrants to the American Economy. Immigrants also play an important role in the economy by filling niches where the domestic supply of workers is limited. century, more than ever, competition is global. Whether America continues to be the most attractive investment opportunity will partly depend on .
Despite being Calvinists and building the Reformed Church in America, Over half of all European immigrants to Colonial America arrived as indentured servants.
His time in office was marked by such notable events as the acceleration of the United States' role in the Space Race.
Oct 02, · Immigrants are essential to economic growth in America. That is the conclusion of a recent report on The Economic and Fiscal Consequences of Immigration released by the National Academy of. immigration essays While immigration has played an important role in the building and formation of America, new federal laws have resulted in mass immigration.
Throughout history, Congress has enacted laws and has had to amend them to control the flow of both legal and illegal In , legisl.