“While many of these regulations were intended for Wall Street, their victim has become Main Street.”
WASHINGTON, DC – House Republican Conference Chair Cathy McMorris Rodgers (R-WA) issued the following statement today after the House passed H.R. 37, the Promoting Job Creation and Reducing Small Business Burdens Act, which eliminates regulations that have crippled small businesses around the country. H.R. 37 is a compilation of 11 regulatory relief bills, all of which were previously passed by either the House or the Financial Services Committee with bipartisan support.
“America’s small businesses are the wellspring of economic growth – unfortunately, this growth has been smothered by mounds of superfluous regulation. While many of these regulations were intended for Wall Street, their victim has become Main Street. Today, I voted to free small businesses around the country from regulatory burdens by passing H.R. 37, the Promoting Job Creation and Reducing Small Business Burdens Act. By slashing red tape, small businesses will be able to grow, spread their entrepreneurial reach, hire more hardworking Americans, and strengthen the economic roots of our country. Small businesses don’t stand a chance against suffocating regulations – but today we acted for them. I applaud the work of Rep. Mike Fitzpatrick (R-PA) and the House Committee on Financial Services for eliminating unnecessary regulations that will help our economy grow from Main Street up, not Washington down.”