David Vitter

I also commend the esteemed Chairman of the Senate Banking Committee, Senator Richard Shelby, for authorizing you to do so.

I commend you for holding this field hearing to build a record to educate your colleagues.

Senators Sherrod Brown and David Vitter have proposed a scale for capital requirements, with greater focus on the leverage ratio.

I firmly hope, though, that if both look to serve the other, it would benefit the whole.

I am introducing legislation to make it permanent.

It will not be overall tax reform. It will not be everything I would like to see.

We do not get nearly the bang out of the buck we should from these provisions when we let them limp along by extending them for short periods of time.

I look forward to it getting wide bipartisan support in this committee.

Thank you very, very much for your testimony.

I commend you for working on this legislation and bringing it to the Senate.

I believe that what Senator Vitter is proposing in this bill falls directly in line with my values.

I come before you to offer my support for the targeted tax reform that Senator Vitter is proposing.

Good morning, everyone, and welcome. The hearing of the Senate Small Business Committee will come to order.

Well, there are big problems in my mind, and I have seen personally identifiable, transaction-related data that have been collected.

I am really concerned about the vast amounts of data that CFPB collects on all citizens related to financial transactions.

I have been very outspoken about the Obama Administration's energy and environmental regulations, which are overly burdensome, in my opinion, and really hold down a lot of great potential industry sector job creation.

What I am suggesting is, surely, the premise that Congress used in 1975, I mean, that has completely changed, right?

Surely, you would agree that our understanding of American energy resources has been turned upside down since 1975.

It is just wrong. It is bad policy. It will help our economy dramatically if we keep it here at a low price.

This was an important hearing, including because it is not in a vacuum.

We are here today to examine how we can better serve our returning heroes through entrepreneurial development programs at the SBA.

Of course, veterans are invaluable members of our community, serving our country in so many ways, both here and abroad.

Thanks for joining us today to examine how we support veterans' entrepreneurship through various programs at the U.S. Small Business Administration.

I just want to briefly thank you for your leadership, as well as Senator Boxer and Senator Carper.

It is about relieving congestion, improving people's daily lives, letting them spend more time with families.