Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I think it is important that you note the comment made by Mr. Meuser on the subject of 20 employees or $5 million. The definition of this bill says that a small business that has to report, these 32-plus million businesses that we are talking about, the definition is that they have fewer than 20 employees and fewer than $5 million. My friend from California rightfully said that the concern of the Federal Government is about illicit finance through the use of shell companies incorporated in one of our States. Let that sink in for everybody listening to this debate: $5 million in revenues, 20 employees. Mr. Speaker, for decades, before I came to Congress a few years ago, I helped start businesses and helped finance businesses, all of which would dream to have $5 million in annual revenues and 20 employees. Think about your best friend who has an HVAC contracting company to help people with their air-conditioning and heating. He works there. His son works for him. They have a couple of million dollars in revenue. It is his whole livelihood. He loves it. He is the best at what he does, but in this world, in this House, he is accused of being a shell company and is being burdened by this rule. Once again, so many times the government goes after the bad guy and sweeps up everybody. That is why Mr. Nunn has come to this floor to say that we need another year to think about this.…”