OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

AT SENATE BANKING HEARING, DAINES PRESSES REGULATORS ON NEW ANTI-SMALL BUSINESS RULE

Press Release

Date: Nov. 14, 2023
Location: U.S. Senate
Issues: Business, Consumers, and Employees

"This proposal will limit credit availability to small businesses. I'm hearing it in both ears from our businesses back home across Montana. We had four Montana small business owners in the office this morning who flew in to express their frustration with this legislation. Look, we're from a state that is a small business state, we are not the land of massive c-corps, we're the land of small businesses. In fact, 99 percent of our businesses are small businesses, I think we have one of the highest percentages of small businesses in the nation. When they take a hit, they either pass the increased costs on to consumers or they go under so we're either looking at higher inflation or a loss of jobs--which is two very difficult outcomes. I am happy to have joined nearly 40 Republican Senators -- including each Republican member of this committee --urging this proposal to be withdrawn."


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