Jeb Hensarling: “I yield myself the balance of my time. Mr. Speaker, again, historically, private equity has invested in tens of…”

“I yield myself the balance of my time. Mr. Speaker, again, historically, private equity has invested in tens of thousands of small businesses, and it has helped create millions of jobs in America. The question today is: Are we going to put a roadblock in place of private equity--the small business investment engines--so that we can somehow help regulators? With all due respect to our regulators--and there are many good ones and many great ones at the SEC--I have never met a regulator who turned down the opportunity to regulate more. I have never met him. So the question is: Are we going to grant an even greater ability to take funds away from small businesses to create a work product that doesn't meet the commonsense test, the jobs test, the smell test--or any other test--at a time when people are still suffering and wondering how are they going to put gas in the tank; how are they going to take their kids to school; how are they going to afford their health care bills since, clearly, they cannot keep their health insurance even if they want to. How are they going to do this? We need private equity to fund small business to get America back to work. We need to defeat this amendment. We need to pass the underlying bill. It is time to be pro-jobs. With that, Mr. Speaker, I yield back the balance of my time. The SPEAKER pro tempore. All time for debate has expired.…”