OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Entrepreneurs Will Be Harmed By Pro Act

Floor Speech

Date: March 9, 2021
Location: Washington, DC
Issues: Business and Consumers

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Mr. OBERNOLTE. Mr. Speaker, I fear that H.R. 842 is going to have serious long-term consequences for entrepreneurialism here in America.

Mr. Speaker, I started a company 30 years ago out of my college dorm room at Caltech, and I grew it the way that most small businesses are grown in America. I grew it organically. That means that when I had a little bit more business than I, myself, could do, I contracted that business out to other people who could do that business for me.

Mr. Speaker, under this bill, that practice will be illegal because it violates the so-called B pillar of the bill that prohibits any contracting that is related to the core business that a company engages.

Mr. Speaker, if H.R. 842 had been the law of the land, I would not have been able to start my company, and the hundreds of jobs that we have created would not have been created here. But they will be created elsewhere, in other countries, with more sane and less restrictive laws.

Mr. Speaker, I urge a ``no'' vote on H.R. 842.

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