Trey Hollingsworth: “I thank the chairman for yielding. I, too, stand in strong support of this legislation. A recent poll out by Ernst &…”

“I thank the chairman for yielding. I, too, stand in strong support of this legislation. A recent poll out by Ernst & Young showed that millennials are starting businesses at a rate that is only one-third of prior generations. When asked why they are not starting businesses, those millennials responded that they have insufficient financial means in order to start businesses, despite a deep desire and will to start businesses. Over 78 percent said that they wanted to start a small business eventually, but they had insufficient means to do so. This bill starts to rectify that problem. Those millennials could go to expensive and fancy investment bankers, but that is prohibitively expensive. Who they are going to turn to are their friends and family, those who most believe not only in the product, but in themselves. I want to see us enable small businesses to get started back home. That is what I continue to hear as I go door to door in the district and as I talk to people. They want to be in control of their financial future. They want to have all of the opportunities that were afforded to their parents and their grandparents. This bill begins to push back against a regulatory environment that has for too long smothered opportunity in Indiana in favor of more opportunity in D.C. We must rectify that. This legislation goes a long way towards that.…”