The federal government has gone too far on many nonessential regulations that are harming small businesses. Employers are rightly concerned about the costs of these regulations – so they stop hiring, stop spending, and start saving for a bill from the federal government. Sam Graves Read Quote
Competition is a powerful and essential part of this nation’s economy and vital to cutting government costs. Sam Graves Read Quote
A P2P business is a company that creates a platform which allows individuals or ‘peers’ to directly buy and sell from each other. This activity has sometimes been called the ‘sharing economy.’ Some are wary of these new companies and the challenge they pose to the established market. Sam Graves Read Quote
As newly created P2P businesses disrupt the status quo and compete with established companies, they face the difficulty of fitting a square peg into a round hole when it comes to existing regulatory regimes that don’t contemplate their business models. Sam Graves Read Quote
Just as water is a key ingredient to growth on the farm, capital is required for businesses to thrive. Sam Graves Read Quote
Small companies need capital to invest, expand, and create jobs. And the economy needs a healthy small business community to bolster and sustain its recovery. Sam Graves Read Quote
Small lending institutions lack the capability of their larger counterparts to hire the additional manpower necessary to deal with the hundreds of additional regulations created by Dodd-Frank. Sam Graves Read Quote
I have heard firsthand from several small business owners about their struggle to borrow and their fear of taking on additional debt. Sam Graves Read Quote
Government should stand aside and let the business community prosper instead of imposing new regulations that will only stifle growth and limit access to capital. Sam Graves Read Quote
Congress can protect small businesses by providing effective oversight over SBA policies and make sure they take into account the needs of small businesses while also protecting taxpayer dollars. Congress also needs to make sure that new banking regulations do not make it more costly for community banks to lend to small businesses. Sam Graves Read Quote
