John Conyers: “First, the most commonsense response to whether this is a small business bill or not would be to put some limit on the…”

“First, the most commonsense response to whether this is a small business bill or not would be to put some limit on the revenues in each of the last 2 years of less than $5 million each year. That would solve all of the discussion about whether or not this is a bill in which a lot of large businesses in terms of their annual revenue are crowding under the umbrella of mom-and-pop stores. Here is an example of a wonderful intent demonstrated by the gentleman from California (Mr. Rogan) with no conception of the effect of what he is doing here. This would allow businesses with hundreds of millions of dollars of annual revenue to come under the umbrella. We do not want that, I say to the gentleman from California (Mr. Rogan), let me help. Let me help by amending his definition of 'small business' not just to 25 employers or less. He knows that the high-tech industries have people working in lofts in their own homes with only a few other people that are commanding much more than millions of dollars' worth of revenue every year. Why does my colleague not accept the limitation of small business, if that is what he is really concerned about, to those businesses that have revenues of less than $5 million a year?”