Jeb Hensarling: “This, again, the underlying piece of legislation is a piece of legislation that is designed to ensure that small…”

“This, again, the underlying piece of legislation is a piece of legislation that is designed to ensure that small businesses have an on-ramp to equity financing into the IPO market. Let's recall again, why are we seeing so few IPOs? Why are we continuing in this 8 percent-plus unemployment environment for over 3 years, the longest period of sustained high unemployment since the Great Depression? Well, I listen closely to businesspeople in the Fifth Congressional District of Texas. I listen to other job creators around America, and here's what I hear. John Mackey, cofounder and CEO of Whole Foods Market: In some cases regulations have gone too far, and it really makes it difficult for small businesses. There's too much bureaucracy and red tape. Taxes on business are very high. So we're not creating the enabling conditions that allow businesses to get started. We're trying to cut away red tape with this JOBS Act. Andrew Puzder, CEO, CKE Restaurants: Government just doesn't understand how much uncertainty it creates in the economy when it attempts to regulate what the private sector does, and it really doesn't understand what the private sector does. Bernie Marcus, cofounder, former CEO of Home Depot: Having built a small business into a big one, I can tell you that today the impediments that the government imposes are almost impossible to deal with. Home Depot would have never succeeded if we tried to start it today. Let me repeat that, Madam Chair.…”