Madam Speaker, I rise today in support of this joint resolution to rescind this detrimental and job-killing regulation from the Biden administration. This final rule revives the Obama-era joint employer standard and leaves companies liable for employees whom they don't oversee or directly manage. As co-chair of the Congressional Franchise Caucus and chair of the Committee on Small Business' Oversight Subcommittee, I have heard from countless franchise businesses about this rule. Overwhelmingly, they would suffer drastically. They would lose out on income, opportunity, and autonomy over their business. The cost is not small. A very similar 2015 standard cost the franchising sector over $33 billion per year. It resulted in nearly 400,000 lost job opportunities, and it practically doubled litigation against franchises. My home State of Texas continues to lead the Nation in job growth and is the fastest growing State for franchise establishments. This misguided policy would hurt these job creators who want nothing more than to provide for their families and offer job opportunities to our communities. Madam Speaker, I urge my colleagues to support this resolution to push back on the Biden administration's vast overreach and give our small businesses the chance to survive and to thrive.
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