Roger Williams

We don't feel too protected. And ever since you joined the CFPB, your agency continues to add burdensome requirements.

I don't like well-run Texas banks--I want to go on record with this--bailing out badly-run California banks.

This out-of-touch rule will only build on these issues.

As a small business owner and auto dealer, I have dealt with the supply chain challenges firsthand.

It literally is going to save Main Street. It is going to save small businesses, and they will pay tax when they need to and not pay tax when they don't need to.

Well, ask them to do that because it is bipartisan. There are people in here who have all agreed this needs to be done.

This is not a partisan issue. It literally is going to save Main Street.

We as small business owners can't control that, given the current supply chain disruptions.

Madam Secretary, what action is Treasury taking to educate small businesses like mine in Texas on their upcoming obligations?

This proposed rule goes beyond the simple statute and lacks clarity on compliance guidelines.

Small businesses want to comply. It is just like LIFO. We need to know the rules.

This will impact 32 million small businesses that will be expected to comply come 2024.

When talking to business owners back in my district... they have expressed their frustration.

Treasury has the ability to alleviate this financial burden on small businesses and provide relief through Section 473 of the Internal Revenue Code.

I have been working with my colleagues to pass the Supply Chain Disruptions Relief Act.

They have expressed their frustration with insufficient information coming out of Treasury on how to comply and file returns properly.

Over the past few years, businesses across the country have struggled to maintain necessary inventory due to the global supply chain constraints.

I think you see on this committee, we agree to a lot of things, which is important because we need to agree on main street, America and so forth.

Under this administration has become harder to start a business and very costly to do so.

The American people are suffering under this administration.

We must stop passing burdensome regulations.

We must find ways to secure our supply chains and expand our domestic manufacturing base.

The economic and energy priorities of this administration are flat out not sustainable.

The Biden Administration has fueled the economic downturn our country is facing, and many Americans are struggling to keep up with increasing costs for groceries, gas, and housing.

Today, because of many of the policies from this administration, we can hardly say that we've kept our promise to America.