Political Quotes

“the amendment that is pending that we have offered--and I add that also has been cosponsored by Senator Graham and Senator Menendez--would ensure that small businesses are considered in the federal rulemaking process by the Bureau of Consumer Financial Protection that would be created in this bill. The more attentive we are with respect to small businesses and the issues incorporated in this legislation, the better small businesses will be in their ability to create jobs and to survive what is a very difficult and tragic economic environment. This amendment would ensure that when the newly created bureau promulgates rules and regulations, it fully considers the economic impact those rules and regulations would impose on our Nation's more than 30 million small businesses that have created 64 percent of all new jobs over the past 15 years and no question will drive our Nation's economic recovery. Indeed, we are depending on these small businesses to lead us out of this jobless recovery. We know a jobless recovery is not a true recovery. We have more than 15 million Americans who are unemployed or underemployed. Clearly, it is going to be small businesses that pave the way toward employment. Plain and simple, onerous regulations are crushing the entrepreneurial spirit of America's small businesses. In 2009 alone, there were close to 70,000 pages in the Federal Register, and the annual cost of Federal regulations now totals more than $1.1 trillion.”