Hank Johnson: “They talk about all of the regulations that have been promulgated during the Obama administration as if the Obama…”

“They talk about all of the regulations that have been promulgated during the Obama administration as if the Obama administration is the only administration that has promulgated rules of conduct. Certainly we have had rules associated with the unveiling of the very successful Affordable Care Act. There were a lot of rules put into place to prevent insurance companies from taking advantage of people. Preexisting conditions are outlawed. All of these are regulations that were associated with the Affordable Care Act. We have parents being able to keep their kids on their insurance up to the age of 26 and no discrimination between men and women. Those were rules that have stimulated jobs in America because 22 million people who did not have access to the healthcare system now have access to it. More jobs have arisen because of that. That is a direct result of regulations. The same thing with Dodd-Frank, which protects people from Wall Street overreach. Those rules have created opportunities for small businesses to come in and start creating real jobs in America. So rules are good for our society. This legislation cuts that ability to create wealth for everyone else. So I would ask that this amendment be approved by my colleagues. Mr. Chairman, I yield back the balance of my time.”