Disclosure Modernization and Simplification Act of 2014
Floor Speech
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Mr. STUTZMAN. Mr. Speaker, I rise today in strong support of the Disclosure Modernization and Simplification Act of 2014.
For far too long, our economy has remained weak, and small businesses and wage earners have suffered greatly. Part of the reason they have suffered is from too many regulations and from an increase in red tape from Federal Government agencies, which has hindered growth and kept businesses from expanding. They also present big challenges for startup companies that are looking to gain solid footing in this shaky economy.
If we are going to move this country in the right direction, we need to make it easier and not harder for Americans to do business. The least we can do in Washington is to make sure Federal regulators do not force business managers to report the same information over and over. That is what this act is all about.
This legislation, along with others we will consider today, will help remove the Federal Government from the backs of small business owners and make it easier for all Americans to succeed.
It will revise regulations to include startup companies, to eliminate redundant and duplicative provisions, and to discourage the disclosure of immaterial information, among other simplifications. Now is the time to remove these roadblocks on the pathway to success.
The American people are looking for us to ease some of these painful economic burdens, and today, we have an opportunity to support legislation that will have a positive impact on our economy, that which limits the challenges on small business owners and job creators.
Let's work together in this Chamber and pass this series of bills in a bipartisan fashion. Let's show our constituents that we are serious about recharging our economic engine by pursuing commonsense regulatory reforms.
I would like to thank Chairman Hensarling, Representative Garrett, Representative Hurt, and the rest of the members of the Financial Services Committee, who worked hard on this issue. I urge my colleagues in the House to support this legislation.
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