ROBERT HURT: “Our current government-provided flood insurance system has proven ineffective, inefficient, and costly to taxpayers.”

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.

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

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…

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