On the recordDecember 6, 2016
Thank you, Mr. Speaker. Let's touch upon the issue of regulation. Washington is readying to correct regulatory overreach that has constrained the ability of small business to flourish. For far too long, Washington has distorted markets and, most importantly, the imagination of people to find better solutions for themselves and for their neighbors. Government must play its role, but with constraints on its tendency to seize more power. Mr. Speaker, I recently visited a 125-year-old bank in a small town called North Bend, Nebraska. It is an agriculture community. This bank is now in its fourth generation. The family was eager to show me something they had recently discovered. There is an architectural gym that had been covered over by a ceiling. In doing some remodeling, they found a hidden stained glass panel and gorgeous ornamentation on the various beams above. The bank is, rightly, proud to showcase this history and this beautiful symbol of a flourishing past. The story began when all of the banks in the area in this town went under during the Great Depression. One of the local banks reorganized itself and came forward with a proposal to the community. It was this: If you stay with us, you stay with our bank, we will give you 50 cents on your dollar now and pay you back the rest over time. Mr.…
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