[Congressional Record Volume 155, Number 110 (Tuesday, July 21, 2009)]
[House]
[Page H8424]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                  AMERICAN INNOVATION, NOT REGULATION

  (Mr. WAMP asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. WAMP. Mr. Speaker, the world is looking to us for innovation. 
That's the goose that lays the golden egg in our country--our free 
enterprise system, entrepreneurship. They are looking and are saying, 
American innovation can pull this economy back in a good direction, not 
regulation. Other governments are moving away from regulation and high 
taxation. We're moving towards it. It's innovation, not regulation.
  Look at the new cap-and-trade legislation for energy and the 
environment. It's a regulatory scheme. It's a taxation scheme, not an 
innovation scheme. Where is nuclear power? Where are the new energy 
technologies that can lead to a robust, manufacturing-driven, job-
creating U.S. economy?
  Look at the new health care scheme. It's a regulatory scheme, a 
taxation scheme and, frankly, a litigation scheme. It's protecting the 
status quo in litigation. The greatest medical centers in America are 
saying this government insurance scheme is the wrong approach. We need 
less litigation. We need to unleash the entrepreneurship and the 
innovation of the United States again so that we can lead.
  Where are the jobs? They're in innovation and in entrepreneurship. 
They're in our free enterprise system. The government chokes it with 
regulation, taxation and litigation.

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