Trey Hollingsworth: “I thank my colleague from Arizona for yielding to me. I promise to be brief. Mr. Speaker, I rise today to talk about…”

“I thank my colleague from Arizona for yielding to me. I promise to be brief. Mr. Speaker, I rise today to talk about something that Hoosiers back home are talking to me about every single day, and that is to rise to express my support for those struggling against burdensome and costly regulations, those costly regulations that are hurting Hoosier businesses from being able to get their products to market, from ultimately being able to grow their enterprises, and from ultimately being able to hire more Hoosiers. When Democrats passed the Dodd-Frank Act, they promised a success for Main Street. Instead, Dodd-Frank has become a nightmare for businesses on Main Street. Specifically, while I was back home just a few weeks ago, I met with two businesses working hard to do right by their customers and employees but confounded by section 1502 of the Dodd-Frank Act. Section 1502 requires businesses to disclose due diligence on the source and chain of custody of ``conflict minerals,'' as well as hire a third party to honor their due diligence and subsequently submit a report to the SEC on those measures. According to its Democratic authors, this provision would only affect the biggest of companies, but those companies have to bring in all of their suppliers, all of their vendors in order to comply, which affects many small businesses across Indiana's Ninth District. One of those firms is Best Home Furnishings in Paoli.…”