Robert Hurt Stands Up For 5th District Virginians As Committee Examines Negative Impacts Of Dodd-Frank Law

Statement

Congressman Robert Hurt released the following statement today after attending a Committee meeting held to examine how burdensome regulations resulting from the Dodd-Frank law are making it harder for our small businesses to obtain access to the resources they need to expand and create jobs and tying up credit for American families:

"Since enactment of the Dodd-Frank Act, 5th District families and small businesses have suffered from its over 400 new regulations that have resulted in more government and less jobs for Americans across this country. The Dodd-Frank law has done little more than tie the hands of our small business owners, diminish access to the capital they need to hire and expand, and limit 5th District Virginians' ability to gain access to credit. This law, while intended to rein in too-big-to-fail banks, has caused devastating affects across the 5th District and the country, subjecting small business owners to additional red tape and families to a slower economy and fewer jobs. With today's hearing, the Committee has built on its track record of exercising necessary oversight as this law continues to be implemented in order to protect taxpayers, small business owners, families, and Americans across this country from the consequences of unnecessary federal over-reach."

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