On the recordApril 4, 2017
I thank the gentleman for yielding me this time. I also want to thank the distinguished gentleman from Illinois (Mr. Hultgren) for his work on this legislation and, more broadly, issues surrounding American entrepreneurship. He has been a tireless advocate. Mr. Speaker, over the last 2 weeks, the Subcommittee on Financial Institutions and Consumer Credit, which I chair, has held hearings to examine the impact regulations have had on financial institutions, small businesses, and American consumers. What we have seen is that the burdens stemming from Dodd-Frank and associated Obama era policies continue to harm consumers and small businesses. We have what some have referred to as a two-speed economy. Large banks and their large customers are thriving, but the story isn't as bright for small businesses. That is why H.R. 1343 is so important. Small businesses and startups don't necessarily have the same opportunities to access the capital markets as their larger competitors, but from a regulatory standpoint, the small guys are treated the same as the big guys. Mr. Hultgren's legislation takes an important step in addressing some of the disparities that exist. H.R. 1343 will allow small businesses to attract and retain employees through incentives similar to those that may be offered by large businesses. Unlike the gentleman who just got done speaking, this is not about Enrons. It is about small businesses that we are talking about.…
