Political Quotes

On the recordMarch 7, 2012
I wish I could. I'm out of time. I've got a whole bunch of speakers. But I appreciate the gentleman. He'll have plenty of time. At this time, Mr. Speaker, I yield 4 minutes to the gentleman from North Carolina (Mr. McHenry). Mr. McHENRY. I want to thank my colleague, Mr. Sessions, for his leadership on the Rules Committee and otherwise in this House. I also want to commend Mr. Fincher from Tennessee for offering this legislation. It's a very important bill. Mr. Speaker, I rise today to support and speak in favor of the JOBS Act. What this legislation does is address a key concern that I hear from my constituents in western North Carolina. We know that entrepreneurship here in the United States is at a 17- year low. We also realize that the rest of the world has caught up to us in terms of their capital markets and business formation. We also know that small businesses create the majority of new jobs in the United States. So it's very important for us, in light of the new regulatory changes that have happened in the last couple of years here in Washington--the advent of Dodd-Frank that increases the cost of lending and makes it less available for small businesses, the CARD Act that makes credit cards less available to the average person who tries to start their business, like my father did, on his credit card. We also realize that the regulatory changes, the more, higher red tape that we have here in Washington makes it more expensive to do business here in the United States.…
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Pete Sessions
Republican · Texas

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