ROBERT HURT: “Making sure that we have fair and effective regulation is vital to maintaining efficient capital markets.”

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.

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

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

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