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Recently the American people were faced with one of the most dramatic declines in the financial services industry in the last 100 years. The result of the decline has left countless Americans jobless, depleted retirement savings, and saw the availability of credit all but disappear.

In response, Congress pushed through one of the largest, most far reaching reform of the financial services industry in a generation. While many of the reforms were long overdue, I remain concerned that the hundreds of new regulatory burdens placed on American businesses will only continue to further stymie the already stagnant economic recovery and keep Americans out of work for years to come.

We must find solutions that limit the regulatory burdens faced by small businesses, which means allowing for flexibility and clarity in the market place. I will work with my colleagues in Congress to ensure access to credit, restore a stable housing marketplace, and provide certainty in the market place so that businesses can expand and put Americans back to work.
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