Tag: regulation

Women Lead and Succeed in Business

It’s no secret that women have long faced obstacles in the business world.

Yet women are doing more with less as female entrepreneurship continues to skyrocket across the country.

Women are starting about 1,800 new U.S. businesses per day and the overall number of women-owned businesses has surged 3,000 percent since 1972.

Helping female entrepreneurs succeed means helping our economy succeed. Republicans have led the way.

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A Look Back at this Session

Yesterday marked the last day of session for the U.S. House of Representatives until September. (The same does not hold true for the U.S. Senate, who will stay in Washington through August due to historic obstruction by the Democrats.)

As I headed back to Minnesota to continue working in the district, I reflected on the House’s accomplishments so far for you and your family. After years of struggling to not just get ahead, but to keep up, Americans are finally starting to see opportunity, jobs and confidence come back.

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Another Bill Passes

Washington is a flurry of news – ongoing negative coverage on the President’s historic meeting with North Korea, Majority Leader McConnell’s decision to cancel the Senate’s August recess due to unprecedented Democratic obstruction of the President’s appointees, and Nancy Pelosi raining on America’s LOW unemployment parade.

Meanwhile, over in the House of Representatives, I’ve been hard at work on the Financial Services Committee to continue delivering relief to Main Street. Getting S.2155, the most significant rollback of the Dodd-Frank Act in nearly a decade (which included my Home Mortgage Disclosure Act) across the finish line was a major accomplishment, but it was just the first step. Last week, the Financial Services Committee unanimously passed a new bill I introduced, the Main Street Growth Act, 56-0. It’s not every day the other side of the aisle agrees with Republicans, but some solutions are so common sense, there’s no question.

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Repealing the Dodd-Frank Disaster

Repealing the Dodd-Frank Disaster

Yesterday, the U.S. House sent the largest pro-growth, deregulation bill in decades to President Trump’s desk. Today, I was fortunate to be at the White House and watch as he signed it into law.  S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act will roll back some of Dodd-Frank’s most harmful regulations to small financial banks and credit unions.

The bottom line: Dodd-Frank did not work. Both chambers (and both sides of the aisle) agree that the “one size fits all” regulation style from Washington has done little but destroy economic potential and left Main Street – quite literally – to pay the price for a crisis for which they were not responsible.

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Delivering on Small Business Week

Last week, the United States celebrated Small Business Week to honor the 30 million small businesses that keep this country running. In Minnesota, there are more than 500,000 small businesses employing over one million Minnesotans.

Yesterday the National Federation of Independent Business reported historic numbers thanks to Republicans’ pro-growth policies like tax cuts and deregulation. Small business optimism is the highest it’s been in 30 years while reports of improved earning trends were the highest in survey history.

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