Political Quotes

“Mr. Speaker, in New York's 19th District, our employers and small businesses and community banks tell me costly regulations are crushing economic growth by discouraging investment and expansion, by creating uncertainty in the marketplace, and by delaying hiring. We can all agree that some commonsense regulations are good, but excessive government rules and regulations are bad. On the Financial Services Committee, we know, from reporting requirements in Sarbanes-Oxley to countless excessive new regulations in Dodd-Frank, the Federal Government is sending a message to our financial institutions--an industry vital to my home State of New York. The message is: you aren't welcome here. The United States is currently the financial capital of the world. Our capital markets must be vibrant, and we must foster an environment that promotes growth and attracts enterprise. If we fail to do that, we will see an exodus--and that threat is very real--to nations like Singapore and China, which appreciate the opportunity a healthy financial industry brings. What a shame, because the American people want to go back to work. They want jobs. Burdensome, costly, and unnecessary regulations must be eliminated; and we must trust and empower our enterprises and our entrepreneurs and our small businesses and community banks and our employers.”