Thursday, June 23, 2011

Robert Hurt, Sponsor, HR 1082 - #3016 - VIDEO: Legislative Update: Financial Services Committee Approves the "Small Business Capital Access and Job Preservation Act" (2) Business bill Backed by Hurt to Reach House Floor - Dan River.com (3) Obama Agencies Announce Massive Attack on American Job Creators - Redstate


Robert Hurt, Sponsor of HR 1082 - Legislative Update: Financial Services Committee Approves the "Small Business Capital Access and Job Preservation Act."

Business Bill Backed by Hurt to Reach House Floor - Dan River.com - A bill easing government regulations on financial companies, sponsored by Rep. Robert Hurt, R-5th District, was approved Wednesday by the House Financial Services Committee.  The measure, called the Small Business Capital Access and Job Preservation Act, would benefit investment funds that lend to companies needing financial capital to operate and grow larger.  It would relieve those companies from some of the regulations under the Dodd-Frank law, which tightened regulations on Wall Street lenders after bank bailouts in 2008.  Hurt said he was glad the bill will reach the House floor.  “With far too many 5th District Virginians and Americans remaining out of work," Hurt said, "this bill will help restore confidence and certainty to the marketplace by reducing unnecessary government mandates so that our small businesses can access capital more easily and more jobs can be created and preserved."  The bill is H.R. 1082.

Obama Agencies Announce Massive Attack on American Job Creators - Redstate - Over the last year, the Obama Administration, through its regulatory agencies, has been conducting a quiet war on American business—those enterprises that are the nation’s job creators. Earlier this week, the union extremists in Obama’s Department of Labor and the “independent” National Labor Relations Board (the same agency that may cause 1,000 Boeing employees in South Carolina to lose their jobs) launched an all-out offensive designed to maximize unions’ ability to unionize the 93.1% of America’s private-sector employees who are union free. On Monday, using retread and biased psuedo-studies, the Department of Labor issued an expansive 160-page notice for proposed rule-making; request for comments. It is, in sum, a radical overhaul of the reporting requirements for employers who wish to remain union free and the consultants, lawyers, and firms that provide human resources, employee and labor relations services.  Read more.....  AW: With Obama and the Unions, it is not hard to understand why the Great Recession is not improving or rebounding with the over regulation of businesses that are trying to maintain or grow in this economy.  We are fortunate in the 5th District to have Robert Hurt sponsoring HR1082  with help to businesses needing financial capital.

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