George Holding: “I thank the gentleman from Georgia for the opportunity to discuss this administration's excessive regulation. We know…”

“I thank the gentleman from Georgia for the opportunity to discuss this administration's excessive regulation. We know the harmful effect that overregulation has had on the economy. And since taking office, President Obama and his administration have continuously burdened the American people with an exceptional number of regulations, harming businesses and the economy. Mr. Speaker, small businesses in this country are essential to our economic stability. Small businesses encourage innovation and hard work. It's the American Dream to have a unique idea and build something from scratch--and that, Mr. Speaker, is exactly what small businesses do. Mr. Speaker, small businesses have created 64 percent of net new jobs over the past 15 years and employed just over half of all private sector employees. In this stalled economy, small businesses are already struggling to be successful, and we need to take some of the current regulatory weight off their shoulders. Recently, back home, I spent the week going around to different chambers of commerce in my district. I went to Wake Forest. I went to Fuquay-Varina. I went to Apex. I went to Nashville and Rocky Mount and met with several hundred small business owners and folks who work in small businesses. Of course, I have the constant complaint of overregulation. I started asking the question.…”