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.



First Horizon Wraps Up 2017 "Strong Momentum"

Fundamentals remained strong in 2017 at First Horizon National Corp., driven by growth trends in loans and deposits at First Tennessee Bank, as well as the closing of the Capital Bank transaction. Reported earnings per share were $0.65 in 2017, compared to $0.94 in 2016. On an adjusted basis, earnings per share in 2017 were $1.111, excluding the impact from tax reform, other tax ... (click for more)

Matousek, Hill And Hamilton Join Pinnacle Financial Partners

Pinnacle has recruited Mike Matousek, Brandi Hamilton and Carrie Hill to deliver distinctive service and effective advice at its Broad Street office.  Mr. Matousek brings eight years of experience to his role of senior vice president and credit advisor for Pinnacle’s credit administration group. Before joining Pinnacle, he spent eight years with Branch Banking and Trust, ... (click for more)

Hamilton County Sheriff's Deputy In Officer-Involved Shooting At Lakesite

A Hamilton County Sheriff's Office deputy was involved in an officer involved shooting in the Lakesite area on Friday morning.   Authorities said it happened around 9:35 a.m. near the 1900 block of Wilkes Avenue.   Deputies were called on "an unwanted party."   There was a confrontation with deputies and a man at the mobile home was shot.   ... (click for more)

EPB Video As Percentage Of Fiber Customers Going Down, But That's Fine With Management

With more and more video customers turning to streaming options, EPB's video is dropping as a percentage of overall fiber customers. But that's fine with EPB management, knowing that all that video streaming needs a wide fiber pipeline to go through. EPB is positioned with the best "gig" service. Greg Eaves, chief financial officer, said 65 percent of EPB fiber customers now ... (click for more)

DACA Or Amnesty To Become The Majority?

As we have the political drama that we see in D.C. let’s be honest about what DACA is all about. We understand as the liberal policies of abortion, dependency on the government and an anti-American globalist / progressive agenda that many have come to realize these policies no longer represent their core beliefs and have left a certain party. Without an influx of new dependency ... (click for more)

Roy Exum: This Is Not A Drill

Last Saturday morning in paradise, at 8:07 to be precise, an alert appeared on every cell phone that read: “BALLISTIC MISSILE THREAT INBOUND TO HAWAII. SEEK IMMEDIATE SHELTER. THIS IS NOT A DRILL.” I can envision no greater horror than having to ask myself how much time do I have, and what is the wisest way to spend it? It was a long and dreadful 38 minutes until the correction ... (click for more)