Political Quotes

“Mr. Speaker, I would like to thank the chairman and ranking member for supporting the Small Business Access to Capital and Efficiency Act, or Small Business ACE Act. I am also grateful to the gentleman from Pennsylvania (Mr. Evans) for joining as a cosponsor and for my colleagues on the Small Business Committee for advancing this bipartisan legislation. Mr. Speaker, the Small Business ACE Act is critical to reducing burdensome red tape and regulations that fall so disproportionately on small business. Small businesses are the lifeblood of our economy across the country and certainly in my home State of Utah where they make up over 99 percent of all Utah businesses and contribute two- thirds of all job growth. Without a doubt, the strength of our economy depends on these small businesses. Although the economy continues to improve, small businesses and entrepreneurs often face challenges accessing capital. To assist creditworthy innovators, the Small Business Administration offers numerous lending programs, including the 504 loan program. Without using a single taxpayer dollar, the program has helped many well-known businesses throughout the United States and Utah. In the past 20 years, the 504 program has supported over 4,500 entrepreneurs and nearly 64,000 jobs in Utah alone. However, despite the program's positive status, Federal red tape and conflicting regulations have hampered its development, weighing it down with roadblocks and uncertainty.…”