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Congressman David Kustoff

Representing the 8th District of Tennessee

Kustoff Honors West Tennessee Small Businesses on the House Floor

May 3, 2017
Press Release

Washington, D.C. – U.S. Representative David Kustoff (TN-08) today spoke on the House floor to honor Small Business Week and highlight the Financial CHOICE Act, legislation to replace the Dodd-Frank Act and implement regulatory reform that will fuel the economy in West Tennessee and across the country.

Below is the full text of Kustoff’s floor remarks.

Mr. Speaker, I rise today in honor of Small Business Week. 

Small businesses are the backbone of the American economy and the main drivers of our local communities.

In fact, two-thirds of all new jobs in the United States are created by small businesses.   

It is crucial that our entrepreneurs and small business owners have the support that they need, and as legislators, it is incumbent upon us to help create an environment that allows them to succeed.

I am proud to be a member of the Financial Services Committee as we mark up a bill today that will give our small businesses the boost that they need.

The previous administration enacted rules and regulations that helped some big companies and some big cities but slowed growth for our small businesses and rural communities.

The Financial CHOICE Act will repeal Dodd-Frank’s one-size-fits-all regulations and finally allow small businesses to access the capital they need to grow and prosper.

I am grateful for this opportunity to celebrate the remarkable small businesses in the Eighth Congressional District of Tennessee, and I look forward to working with my colleagues to pass financial regulatory reform that will revive our economy.