Jeb Hensarling: “{time} 1530 Mr. Speaker, the legislation before the House this afternoon, H.R. 1256, the Swap Jurisdiction Certainty…”

“{time} 1530 Mr. Speaker, the legislation before the House this afternoon, H.R. 1256, the Swap Jurisdiction Certainty Act, is a bipartisanship response to what many view to be, frankly, regulatory red tape overreach and the adverse consequences that it can have on the millions of our fellow countrymen who are either unemployed or underemployed--the impact that it could have on the competitiveness of our U.S. employers and job creators. Mr. Speaker, I need not tell anyone in this body that we regrettably continue to be in the middle of a nonrecovery recovery. If it weren't for the fact that so many people have actually left the job force--the working participation rate--our unemployment rate would be even higher. Many have just given up. We know that for many, even though America has, in the past, produced 3\1/2\ percent economic growth and is probably capable of 4 or 5 percent economic growth with the right economic policies, regrettably, we find ourselves mired in 1\1/2\ to 2 percent GDP growth, which means, Mr. Speaker, a lot of American dreams go unfulfilled and a lot of our constituents lay awake at night wondering how are they going to pay the bills. So, Mr. Speaker, jobs continue to be job number one, I believe, of the United States House of Representatives. But, regrettably, those who create jobs, those who employ our constituents, are drowning in a sea of red tape.…”