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 & Associates Properties Reports Same-Center Sales Are Up For Second Quarter

CBL & Associates Properties, Inc. announced results for the second quarter ended June 30, including an increase in same-center sales.  CBL's President and Chief Executive Officer Stephen Lebovitz commented, "Overall fundamentals in the CBL portfolio remain healthy. Same-center sales increased 4.1 percent during the second quarter, marking another quarter of impressive ... (click for more)

CBL & Associates Announces $200 Million Share Repurchase Program

CBL & Associates Properties, Inc. Wednesday announced that its board of directors has authorized a share repurchase program for the company to buy up to $200 million of its common stock. The company plans to repurchase shares from time to time on the open market, in privately negotiated transactions or otherwise, depending on market prices and other conditions. Purchases may ... (click for more)

Woman Stabbed To Death At College Hill Courts; 2nd Person Hurt; Suspect In Custody

A woman was stabbed to death at College Hill Courts on Wednesday night. At approximately 10:27 p.m., the Chattanooga Police Department responded to 1400 Cypress Street Court for a stabbing. O fficers located a female suffering from a life-threatening stab wound. T he victim was transported by Hamilton County EMS to a local hospital where she later succumbed ... (click for more)

Cohutta Bank On Highway 58 Robbed

For the second day in a row, a Chattanooga bank was robbed by a white male. Chattanooga Police responded to Cohutta Bank in the 5600 block of Highway 153 on the report of a robbery on Wednesday afternoon. The suspect, who was reported to be unarmed, used a note to demand cash from the teller. No one was injured during this robbery.  The suspect left in a ... (click for more)

Chattanooga Strong

The hearts, minds and prayers of Tennesseans, and of the entire nation, have been turned toward Chattanooga this month.  We are sickened and saddened by the senseless tragedy, and we grieve for the families of the five service members who were killed, Gunnery Sgt. Thomas J. Sullivan, Sgt. Carson A. Holmquist, Lance Cpl. Squire “Skip” K. Wells, Staff Sgt. David A. Wyatt and ... (click for more)

Roy Exum: Dr. Palmer, You’re Toast

America is absolutely furious! By 3 o’clock yesterday afternoon there were 36,000 people who had petitioned the White House to extradite Walter Palmer, who is today the most despised man in all of North America. On the Yelp.com website, that promotes his dentistry business in Eden Prairie, Minn, over 6,000 had posted violent, vulgar and vicious notes and, for the record, 60 of them ... (click for more)