Political Quotes

On the recordFebruary 10, 2011
Mr. Speaker, government burdens are the number one concern that employers in my district share with me every time I visit a small business or talk with local entrepreneurs. Among all the economic hurdles we face, Federal demands clearly play a leading role in driving the uncertainty that has frozen our job market. Over the last few years, contrary to what the gentleman from Colorado just talked about, Congress has enacted sweeping new laws regulating finance, health, and more; and as a result, employers are facing thousands of new pages of Federal regulations, mandates, and paperwork nightmares. For example, the Dodd-Frank financial overhaul will result in an estimated 330 new rulemakings that have the potential to raise the cost of credit, impede private investment, and curtail innovation in the financial sector. As a result, the Small Business Administration estimates that America's most active job creators, small businesses, are the hardest hit by Federal regulations. Those with 20 or fewer employees pay an astounding $10,585 per year per employee to comply with Federal regulations. It's time to go line by line through the Federal rule book. Let's examine what works, throw out what doesn't, and make sure we aren't imposing unfair and unnecessary burdens on job creators. I urge my colleagues to support House Resolution 72.
Said by
Judy Biggert
Illinois
Source
govinfo.gov
Feb 10, 2011

Editor's note · Context

The speaker addresses the impact of federal regulations on small businesses and job creation.

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