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.

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.

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.

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

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.

Every one of the measures we are considering today is designed to achieve that goal, whether that means establishing an office for small business capital formation, reducing the size of the administrative state or helping startups market…

If enacted, this legislation would help startups by allowing them to better market their securities and to take part in economic development events like demo days.

I think that those of us who live in rural areas depend disproportionately on community banks.

I think you--I hope you would agree that despite these efforts, community banks have been disproportionately affected.

I think if you looked at the trend over the last 3 decades, you see that it has been brutal for community banks.

I fear that this rule, as proposed, is going to do just that. It is going to make it more difficult, more costly, with fewer choices and less innovation.

what I hear from the people that I represent is we need to be looking for every way to make things easier, not more difficult.

Preventing those dollars from funding terror should be a major priority.

I think that we also recognize, and the people that I represent recognize, that we need to have Federal programs that work, that are efficient.

I think the people that I represent believe that there should be a safety net and that HUD plays a very important role.

The cost of losing that trust is far greater than $40 million.

What I hate to see, and I know we all agree on this, is one more reason why the American people don't trust the Federal Government.

We also believe that a huge part of what we need to be doing here in Washington is adopting policies that give greater access to capital all across Virginia.

Making sure that we have fair and effective regulation is vital to maintaining efficient capital markets.

At a time when unemployment remains high, and my constituents are struggling to find employment, it is incumbent upon us to do everything we can to reduce the regulatory burden on such entities that are so vital to job creation in…

I strongly support your efforts to enhance the capital formation ecosystem by reducing regulatory burdens.

I also encourage the subcommittee to take a discerning look at any and all regulations governing public company disclosures.

I guess one of the things that I think is most important for Congress to tackle, considering we are 7 years after the crisis, is housing finance reform.