Mr. President, our Nation's economy is booming. Last Friday's jobs report far exceeded anyone's expectations. It showed that we added 263,000 jobs last month and that unemployment was sitting at the lowest since 1969. At the backbone of it all are our small businesses. Just look at my home State of Iowa, where 99 percent of our businesses are small businesses. With our State's economy continuing to grow and our unemployment amongst the lowest in the Nation, it is clear that our small businesses' success is Iowa's success. These job creators in our State are leading the way by finding innovative solutions and creating new opportunities for our workforce. Too often, small businesses struggle to comply with some of the most costly and burdensome regulations that come out of Washington, DC. As a way to rein in these regulations and to foster a more thoughtful rulemaking process, this week, I reintroduced my PROVE IT Act. This bipartisan legislation gives the Small Business Administration's Office of Advocacy an opportunity to ask Agencies to prove their regulatory analyses when proposing a rule that may be economically harmful to small businesses. It gives Iowa's small businesses a voice in the rulemaking process. One increasingly important component of our country's labor market is women-owned small businesses. Iowa ranks in the top 10 for growth in employment and revenues in women-owned businesses. However, these businesses still face many challenges.…
On the recordMay 8, 2019
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