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Sarah McBride's first bill just passed Congress & not one Republican voted against it
In the U.S. House chamber where her humanity is routinely questioned, where Republican colleagues have barred her from restrooms and misgendered her on the record, Rep. Sarah McBride just passed her first bill. And she did it without a single dissenting vote.The Equal Opportunity for All Investors Act, which passed the House unanimously on Monday, would expand access to private capital markets by allowing individuals to qualify as accredited investors based on their financial knowledge, rather than just their wealth. The bill, H.R. 3339, is the first major legislative achievement for the Delaware Democrat and the first out transgender person ever elected to Congress.Related: Sarah McBride on why support for trans rights ebbed and how to build it back upIm proud to rise as a co-lead of the Equal Opportunity for All Investors Act, McBride said during Mondays floor debate. Our bill will unlock capital for entrepreneurs and small business owners whove been left out for far too long.Current SEC rules limit participation in private investment markets to people with incomes above $200,000 or assets above $1 million, excluding a primary residence. McBrides bill directs the agency to create a new qualification route, administered by the Financial Industry Regulatory Authority, through a financial literacy exam. The goal is to widen the pipeline of capital and diversify who has access to grow wealth and who receives funding.Related: As the first out trans person in Congress, Sarah McBride is ready to fight for usIn my state, the Delaware Black Chamber of Commerce has told me that this legislation would help close the capital gap for diverse business owners, McBride said.The bill was co-led by Republicans Mike Flood of Nebraska and Mike Lawler of New York, as well as Democrat Cleo Fields of Louisiana. Flood, who chairs the House Housing and Insurance Subcommittee, issued a statement following the bills passage. Im grateful to see my bill receive bipartisan support at every step in the House, and it now awaits Senate consideration, Flood said. I look forward to President Trump signing this commonsense reform into law once it passes the Senate.At the beginning of the 119th Congress, Republican Speaker Mike Johnson made a rule barring transgender people from Capitol bathrooms. South Carolina U.S. Rep. Nancy Mace had made it her mission to exclude McBride, frequently misgendering her. However, McBride has chosen not to engage. McBride has faced criticism online from some in the LGBTQ+ community for not more forcefully pushing back against attacks, but has insisted that she didnt want to give Republicans the satisfaction of Bravo reality TV moments, to use her identity for attention. That appears to be working.Related: Sarah McBride defends transgender troops on House floor as Pentagon expels committed patriotsIm grateful to Representative Flood for his leadership on this bill, McBride said in a statement after the vote. This is exactly the kind of bipartisan, commonsense policy that Congress should be focused oncreating opportunity, unlocking innovation, and expanding prosperity.
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