Political Quotes

“Mr. Chair, my friend from California, I think, is making the case that this bill is confusing and a burden because we don't even know internationally if these are American jobs that were moved or not. You are just counting the people in foreign countries. I don't know that that is really relevant. And it weakens your argument, in my view, as well, that we are disclosing in the States, as my friend, the ranking member, made so eloquently. So I think it is a burden. It is not about shipping jobs. We have the WARN Act, which directly deals with jobs that are shipped overseas, or moved, and makes sure that people are retrained and compensated in the right way. Instead, this is another burden on our public companies, our public companies. We want more public companies. I just formed the Entrepreneur Caucus with my friends Mr. Foster, Mr. Veasey, Stephanie Murphy, and Steve Chabot. We have asked GAO why we are not having more public companies at smaller sizes. I submit to you, my friends from California and Iowa, it is because we have raised the cost of being public too high. This is another burden, and I think we should think long and hard before we add burdens. Materiality is the way to bring balance back. Mr. Chair, I reserve the balance of my time. The CHAIR. Members are reminded to address their remarks to the Chair.”