Rep. Graves Votes For Red Tape Reduction And Small Business Job Creation Act

Thursday, July 26, 2012

Rep. Tom Graves (R-Ga.-09) released the following statement Thursday, after voting for H.R. 4078, the Red Tape Reduction and Small Business Job Creation Act.  

H.R. 4078 imposes a freeze on economically significant regulations that harm the economy until unemployment reaches 6% or below. The legislation also permanently prevents “lame duck” administrations from issuing economically significant regulations. The volume of regulations by an outgoing administration has averaged 17% higher than the number of rules issued at the same time in other years.  And, it requires the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission to conduct a cost-benefit analysis on proposed regulations. 

“If we want to create jobs in America, we need to help the job creators," Rep. Graves said. "The Obama Administration has weighed down entrepreneurs and small business owners with burdensome regulations.  There’s been a 23% decline in startup businesses in America during the last three years, so clearly it’s time to go in a different direction to help the economy.  This bill cuts the red tape gumming up America’s job creators and preventing them from expanding their businesses and hiring more workers.  Business owners are telling us loud and clear what they need to succeed -- and that’s for the federal government to get out their way.”

H.R. 4078 also streamlines the process of issuing federal permits for construction projects.  The U.S. Chamber of Commerce discovered more than 350 energy projects that were stalled by red tape, which, if removed, could generate a $1.1 trillion boost to the economy and create 1.9 million jobs during construction. Last October, President Obama’s Jobs Council recommended the federal permitting process be streamlined. The President has not met with his Jobs Council in six months, it has been reported.


CBL Closes Long-Term Fixed-Rate Loan Secured By Ambassador Town Center

CBL & Associates Properties, Inc. on Thursday announced that it closed on a non-recourse $47.7 million loan secured by Ambassador Town Center in Lafayette, La. The seven-year loan bears a fixed interest rate of 3.22 percent and was provided by a new institutional lender. Proceeds from the loan were primarily used to retire the existing construction loans with an aggregate balance ... (click for more)

First Tennessee Bank Presents $50,000 Check To Ancla Insurance And Services

First Tennessee Bank’s Chattanooga Community Development Manager Tracee Smith and Cleveland Community President Mike Griffin presented Ancla Insurance and Services President Beth Underwood with a check in the amount of $50,000 at First Tennessee’s downtown office. The funds donated by First Tennessee will be used to enhance Ancla’s onsite computer lab and build on its lifestyle ... (click for more)

Family At Bedside Of Legendary Lady Vol Coach Pat Summitt

The family of legendary Lady Vol coach Pat Summitt was at her bedside on Sunday. Erin Freeman, of the Pat Summitt Foundation, released this statement: “On behalf of Pat Summitt’s family, we acknowledge the past few days have been difficult for Pat as her early onset dementia, ‘Alzheimer’s Type,’ progresses. "She is surrounded by those who mean the most to her and during ... (click for more)

Firefighters Put Out Fire In Compost Pile At City's Wood Recycling Center

Chattanooga firefighters were called to a fire at the city's wood recycling center on N. Hawthorne Street around noon on Sunday. Battalion Chief Don Bowman said the smoke and flames could be seen from several miles away.   Firefighters with five fire companies worked to get the blaze under control, using master streams from two aerials and some hand-held hoselines. The ... (click for more)

Improvements Needed At Entrance To Wilcox Tunnel

I am writing this letter to bring to your attention to a city traffic issue that needs to be addressed immediately, the sooner the better. I can see no large cost factor.   Recently, while as a concerned citizen, removing trash and litter from the entry/exit area of the Wilcox Tunnel on the side that runs into Chamberlain Avenue, I fully realized that this area could ... (click for more)

Roy Exum: Looking For A Wife

Coeur d'Alene, Idaho, is a really cool place. I tried to buy a huge mounted buffalo head in an antique store there one time until I found out the shipping charges were four times what the head was worth. But suddenly my rapt attention is riveted on Coeur d'Alene again because a dazzling social experiment is taking place this very moment at a plush resort in north Idaho. Several ... (click for more)