Renee L. Ellmers: “Thank you, Mr. Chairman. He even stated that he wouldn't start his business. He further stated that he still may have to…”

“Thank you, Mr. Chairman. He even stated that he wouldn't start his business. He further stated that he still may have to close his doors. Beyond existing businesses, regulations may prevent new firms and startups from entering the market. These startups are the very businesses that create the jobs in America. According to a study using business dynamic statistics between 1977 and 2005, in their first year new firms add an average of 3 million jobs. My message today is simple. We must remove burdensome regulations so that businesses can grow and entrepreneurs can start new businesses.”