Political Quotes

“Madam Speaker, I yield myself such time as I may consume. Madam Speaker, I rise today on behalf of the committee in support of H.R. 935, the Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act. I particularly want to thank the bill's sponsor, the gentleman from Michigan (Mr. Huizenga), for his leadership on this issue on behalf of small businesses across our country. The importance of small businesses to our economy, our job creation, and the innovation across our Nation cannot be overstated. They are the backbone of all of our communities. In October 2020, the SBA, the Small Business Administration, reported that there were 31.7 million small businesses in the United States. Yet, too often Democrats' heavy-handed approach to business regulation in this country can put that success at risk. A one-size-fits-all regulatory approach disproportionately burdens small enterprises. For those looking to grow through merger and acquisition, they often face additional costs, the expense of that transaction. The committee has found that merger and acquisition brokers provide crucial services to small businesses whose owners desire to sell the business or merge with another firm. However, certain of these brokers face significant compliance costs, including SEC registration fees, which, of course, are passed on to their clients, the small businesses. H.R.…”