I thank the gentleman for yielding. Madam Chair, I rise today in support of the bipartisan JOBS Act, and I thank Chairman Bachus for his leadership in putting the Financial Services Committee at the forefront of the effort to advance job- creating policies in this House. After recently touring Virginia's Fifth District, I am freshly reminded that Federal Government overregulation continues to stand in the way of the lifeblood of our economy, our small family businesses, our Main Street banks, and our family farms. Across the Fifth District, I regularly hear stories of how unnecessary regulations have served as a barrier to existing family business owners who wish to hire and expand their companies and as a barrier to aspiring Fifth District entrepreneurs who are discouraged from investing in new start-ups. Our committee has worked to offer solutions that would give citizens across this country the ability to harness the American Dream by starting a new business, working to make that business successful, and working to create the jobs Americans desperately need. The JOBS Act represents a legislative package that has support from Members of Congress on both sides of the aisle and from the President. This legislation collectively reduces burdens that prevent small businesses from accessing the capital necessary to hire and expand, and it encourages our entrepreneurs to get their start-ups off the ground.…
On the recordMarch 7, 2012
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