By forcing States to amend their individual laws on corporate formation, Congress is effectively imposing a Federal standard on business creation, ignoring the particularities of each State's business culture.
John Ensign
The Public Record
I just want to encourage you that when you are coming up with the suggestions for us that you do consult with some of those small businesses that are going to be forming, to ensure that we are not putting that kind of burden on them.
According to their office, the estimated cost for initial implementation could reach as high as $10 million, with ongoing operating costs of $1 million annually.
I believe that this will hurt many business-friendly States like my home State of Nevada.
I think this is a very important piece of legislation because it affects a number of different issues, not the least of which is its impact on the small business community, which serves as the backbone of our economy.
I do think that law enforcement has legitimate concerns; there is no question about that.
If law enforcement came in and said that they want this information, who is tasked with verifying that person is who they said they are?
Because frankly, job creation is something I think that all Americans can agree we need right now.
Have you all done cost studies at all, like what Secretary of State has submitted to us?
Last year, I had an affair. I violated the vows of my marriage. It's absolutely the worst thing that I've ever done in my life.
We need people who are in office who will hold themselves to a little higher standard.