I think every member of this committee can agree that with millions of Americans out of work, our top focus in Congress should be enacting policies to help spur job creation throughout our country.

These critical investments allow our small businesses to innovate, expand their operations and create the jobs that our communities desperately need.

Today, however, among the legislation we are considering is a discussion draft titled, The Investment Advisers Modernization Act.

I regularly hear from my constituents that they are concerned about jobs and the economy.

I, too, am concerned that the SEC often deviates from its three-part mission.

Capital formation for small companies is critical to the success of our economy.

I am pleased that this subcommittee is continuing its efforts to enhance the strength and vitality of our domestic capital markets.

If Washington persists in imposing a one-size-fits-all approach, these capital markets and those who depend on them will be adversely affected.

When I travel across Virginia's 5th District, I continue to hear from my constituents that Washington is making it harder, not easier, for them to do business.

This committee has heard time and time again about the unintended consequences and negative impacts on the economy of Dodd-Frank and the Basel III capital requirements.

As I travel across my district, I am reminded by my constituents again and again that the number one concern that they face is jobs and the economy.