On the recordJune 9, 2011
I thank the Senator from North Dakota, Mr. Hoeven, for his excellent remarks. As a former Governor for 10 years, he knows the impact of regulations on small businesses and how detrimental they can be to job creation, particularly at this time where we have a very difficult economy. We have persistent high unemployment and subpar economic growth. We are at a consequential moment in our economic history, frankly, that deserves the attention of the Senate. So, again, I thank the Senator for his comments in recognizing the effect regulatory reform will have on the performance of small business and, ultimately, job creation in this economy. I am very pleased to have many colleagues cosponsoring this amendment. I am pleased to have worked with Senator Coburn from Oklahoma, and this amendment is also cosponsored by Senators McConnell, Ayotte, Barrasso, Brown of Massachusetts, Coats, Enzi, Isakson, Kirk, Hoeven, Johnson, Moran, Thune, and Vitter. It is clear to me that many of the Senators understand the value and imperative of reforming our regulatory system. It is absolutely vital that the Federal Government consider the small business economic impact of the rules and regulations that agencies promulgate. The question might be asked, Why do we need regulatory reform?…





