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Video archive of the US Congress

Senate Proceeding on May 13th, 2010 :: 2:55:30 to 2:57:50
Total video length: 3 hours 53 minutes Stream Tools: Stream Overview | Edit Time

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Mark Pryor

2:55:12 to 2:55:32( Edit History Discussion )

Mark Pryor: make sure that the proper environment executives in america for sll businesses to thrive and for entrepreneurs to be successful. this amendment would make that key provisions of the regulatory flexibility act which require that federal agencies fully consider during the rule-making

Mark Pryor

2:55:30 to 2:57:50( Edit History Discussion )
Speech By: Mark Pryor

Mark Pryor

2:55:33 to 2:55:53( Edit History Discussion )

Mark Pryor: process the economic impact on small firms. it would make sure that those provisions would apply to the cfpb created in the bill offered by senator dodd. this ament would ensure that the newly created cfpb when it's promulgating its rules and its

Mark Pryor

2:55:54 to 2:56:16( Edit History Discussion )

Mark Pryor: regulation fully considers the economic impact those rules and regs would impose on our nation's almt 30 million small firms who have created 64% of all t new jobs in this country over the undoubtedly will drive this nation's economic recovery. and really, the last point i wanted to make before i just

Mark Pryor

2:56:17 to 2:56:38( Edit History Discussion )

Mark Pryor: make a few closing comments is there is a fact out there that we as the senate and as the congress -- as the house should be aware of and we should address, and that is owner us -- onerous regulations can crush entrepreneurial spirit for america's small businesses.

Mark Pryor

2:56:39 to 2:56:59( Edit History Discussion )

Mark Pryor: in 2009 alone, last year, during a recession, they were close to 70,000 -- thereere close to 70,000 pages added to the federal register of new regulations. and the annual cost of complying with federal regulations totals about $1.1 trillion. i'm not saying we should end all regulation. i think most of these or at

Mark Pryor

2:57:00 to 2:57:20( Edit History Discussion )

Mark Pryor: least a lot of these make a lot of sense and there is good reason for a lot of them. we just have to be careful. we have to understand the impact that these regulations have on small businesses. we want our small businesses to thrive. we want our small businesses to be successful, and if we're not

Mark Pryor

2:57:21 to 2:57:43( Edit History Discussion )

Mark Pryor: careful, a agency like the cfpb or there are many other federal agencies can create rules and regulations that actually choke off business opportunities for entrepreneurs and for small businesses, so i'm proud to join my friend and colleague from maine on this amendment and i would encourage other colleagues to look at this amendment and

Mark Pryor

2:57:44 to 2:57:51( Edit History Discussion )

Mark Pryor: look at the text of this amendment, and i just have enjoyed working with her over the last few years when it comes

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