Mike Rounds

The chronic failures of the IHS, failures that, frankly, are just unacceptable

IHS has not been forthcoming about changes.

If there is no further business to come before the Senate, I ask unanimous consent that it stand adjourned under the previous order. There being no objection, the Senate, at 2:13 a.m., adjourned until Thursday, June 16, 2016, at 10 a.m.

My concern is that sometimes as we try to protect individuals, we actually limit the availability to them of opportunities to invest.

I think that this Committee should consider proposals like what were in Brown-Vitter, which would require a 15-percent leverage ratio.

I do not think there is anybody up here that wants to see banks without regulations.

I think we have strengthened the system. I think, on the other hand, we have very much weakened the system by the provisions of Dodd-Frank.

I think the challenge for us is whether or not the implementation of the statute within either the existing language of rules prior to the implementation of WOTUS are appropriate.

Because of this implementation, farmers are losing the ability to manage their land and utilize it in the best way possible.

Unfortunately, Federal agencies, including the Army Corps, oftentimes know this and will drag out the permitting process.

The idea is that the Constitution says that the Government cannot take your property for public use without just compensation.

I do believe that in many of these instances there would be a regulatory taking.

Our country turns 250 years old in the year 2026, less than 10 years away.

As I am listening to the testimony here, I think there are short-term and there are long-term consequences to any deal that you make.

I am wondering if it isn't time to perhaps have a third party as an arbiter when it comes to these types of problems,

I think that would be helpful because in this particular case, with WOTUS, their recommendation was do not implement it;

Thank you, Mr. Sullivan.

The Environmental Protection Agency imposes some of the most significant and far reaching regulatory burdens on small businesses.

I want to thank Chairman Rounds for introducing the bipartisan RESTORE resolution.

America's small businesses are the backbone of the U.S. economy.

The ability to build a small business from the ground up is a cornerstone of the American dream.

Unfortunately, despite their success, American small businesses are hindered by approximately 3,000 current and pending regulations.

90 percent of respondents identified Government regulations as a challenge affecting their business.

The idea behind this is to get good information, to learn, to see what we can do to do better, and it requires input from all sides.

I don't think that any State is going to then say we are going to shut down electricity to do that.