[Congressional Record (Bound Edition), Volume 161 (2015), Part 1]
[House]
[Page 511]
[From the U.S. Government Publishing Office, www.gpo.gov]




                       HELP FOR SMALL BUSINESSES

  The SPEAKER pro tempore. The Chair recognizes the gentleman from 
Pennsylvania (Mr. Costello) for 5 minutes.
  Mr. COSTELLO of Pennsylvania. Mr. Speaker, we were sent to Washington 
by our constituents to work together to encourage accountability, 
transparency, and limited government. Bigger government does not 
necessarily mean more responsive government, but it has come to mean 
more costly government.
  When our small businesses and entrepreneurs, the backbone of our 
economy, are forced to divert resources to costly new mandates, it 
means less capital for growing their business, less capital to hire 
more employees, less money to raise employee wages.
  Two statistics, to me, jump out. First, 64 percent of the new jobs 
created in this country in the past 15 years have been through small 
businesses. Last year alone, new regulations cost our economy $67 
billion.
  We are going to be dealing with several regulatory reform measures 
this week, bipartisan pieces of legislation that will modernize the 
Federal rulemaking process and put more power back in the hands of job 
creators.
  We need to help those who are too often squeezed by regulation the 
most: small businesses. We need to give them a larger voice in the 
process. We need to be a country that continues to welcome new ideas 
and innovation, not a nation that overregulates from Washington and 
inhibits our full economic potential.
  I look forward to forthcoming regulatory reform measures to help 
streamline our government, get Washington out of the way, bring 
stability and certainty to small businesses, and help grow our economy.

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