Small Business Capital Access and Job Preservation Act

Floor Speech

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Mr. STUTZMAN. Mr. Speaker, I rise today in support of H.R. 1105, the Small Business Capital Access and Job Preservation Act. Washington can't regulate its way to the top while red tape puts American jobs at risk.

Too often big-government builds barriers to success but men and women in the real economy know how to get the job done. In nearly every sector of our economy, thousands of companies are backed by private equity and employ millions of hardworking Americans.

Unfortunately, Dodd-Frank places unnecessary and burdensome regulations on private firms that invest hundreds of billions of dollars each year to open doors for new opportunities. Instead of creating jobs, these requirements increase costs, divert capital, and consume time.

Private equity is critical to a strong recovery and works best when advisers look ahead for new opportunities, not when they're constantly forced to worry about red tape. Today, we have an opportunity to reduce Dodd-Frank's unfair burdens on responsible investment advisors.

It's time to pass this common-sense legislation and unleash new opportunities for job growth.

I thank my colleague Representative HURT for his work on this issue and Chairman Hensarling for his leadership. I urge my colleagues to vote yes.

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