Today, Capital Markets Chairman Bill Huizenga (MI-02) released the following statement after the House passed House Joint Resolution 41, Rep Huizenga's legislation to reform a burdensome provision of Dodd-Frank and require the Securities and Exchange Commission (SEC) to rethink their approach to rulemaking:
"Last night's vote helps reset the regulatory process," said Capital Markets Subcommittee Chairman Bill Huizenga. "For too long, regulators have saddled U.S. companies with burdensome regulations putting them at a competitive disadvantage on the global stage. By sending the SEC back to the drawing board, Congress is demonstrating that it is serious about strengthening the economy, boosting private sector job creation, and helping American workers."
During the debate on H.J. Res. 41, Congressman Huizenga explained the core mission of the SEC and refuted false claims made about his legislation. To watch Rep Huizenga's speech, click play on the video below.