The answer to every problem here in Washington seems to be, we will just regulate it, and I think that at least as I travel across the Fifth District of Virginia where I represent people who recognize that is not a good formula for encouraging job growth and prosperity and freedom.
Hurt criticizes reliance on regulation for job growth and prosperity.
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Even with those successes, I continue to hear from companies--both public and private--in my district about the impacts of outdated and burdensome regulations on their ability to access capital.
Streamlining our disclosure regime to better reflect the SEC's mission of protecting the investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation will lead to benefits for both business and investors.
I strongly support your efforts to enhance the capital formation ecosystem by reducing regulatory burdens.
While there is often, as it relates to Dodd-Frank, a negligible, if any benefit to some of the rules that have been adopted, there is also a great cost.
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