House Financial Services Chairman Jeb Hensarling said Republicans in Congress are focused on reducing the regulatory burden on community financial institutions.
"But our big problem now is a regulatory burden that is crushing our community financial institutions and thus crushing their clients who are small businesses and entrepreneurs. It's no surprise that under President Obama we have one of the lowest levels of entrepreneurship and small business startups in a generation," he said Wednesday on FOX News.
"That's what House and Senate Republicans want to do, is lower the regulatory burden. And we know you have to grow the economy from Main Street up, not Washington down."
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