[Congressional Record Volume 165, Number 186 (Wednesday, November 20, 2019)]
[House]
[Pages H9067-H9068]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     IN FAVOR OF THE AMERICAN DREAM

  (Mr. RIGGLEMAN asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. RIGGLEMAN. Madam Speaker, I rise today to speak in favor of the 
American Dream; in favor of the bedrock of what has made America: 
capitalism.
  Yesterday, while every cable news channel was transfixed by the 
Intelligence Committee, the Financial Services Committee was discussing 
a bill that strikes at the heart of American capitalism.
  H.R. 3848, the companion legislation to Senator Elizabeth Warren's 
Stop Wall Street Looting Act, would add regulatory costs and harm job 
creators. It has a pithy title that is, unfortunately, misleading in 
purpose. I prefer to call it the stop entrepreneurship act.
  This bill would curb private investments in Main Street companies, 
which would kill jobs, stifle innovation, harm consumers, and strike a 
major blow to the hallmark of capitalism.

[[Page H9068]]

  According to the U.S. Chamber of Commerce, even a modest scenario 
would result in the loss of 6.2 million to 24.3 million jobs across the 
country. As a small business owner who benefited from private equity 
when growing my business, I know the value of these types of 
organizations that provide support and really give a way forward for 
companies trying to grow.

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