On the recordJune 13, 2011
The economy, as we all know, is in a very fragile state, yet the Dodd-Frank Act has unleashed a flood of new regulations that impose significant costs on businesses.
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congress.govThe economy, as we all know, is in a very fragile state, yet the Dodd-Frank Act has unleashed a flood of new regulations that impose significant costs on businesses.
Shelby discusses the economic impact of Dodd-Frank regulations on businesses and consumers.
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More from Richard Shelby
As Senator Shelby at our Senate testimony hearing last March pointed out to us, we must maintain what we have before we can build new, and I think he hits the mark head-on.
I am concerned about this--what this communicates to both our allies and our adversaries.
We have got to get our arms, one, around the inflation first, and then try to boost our defense capabilities in a dangerous world.
Deterrence requires spending our limited resources on both offensive and defensive weapons.