▶ 0:18:04>> >> come eons to order. As I travel from river to river across iowa, I hear from small businesses about the consistent thorn in their side, which is overregulation. When asked about federal regulations, I.e. Ones consistently tell me to bring back a simple message to washington bureaucrats. Stay out of our way. For a small business, regulatory compliance is more than just a headache.
▶ 0:18:34It is wasted time and money they would rather put back into their businesses. It forces folks to jump through hoops designed by people who have never run a payroll or had to scramble to keep their doors open and their lights on. In iowa, most entrepreneurs do not have extra books on hand dedicated to compliance or illegal team to comply with regulations designed for large corporations.
▶ 0:18:59Not to mention the endless time and money to fight uncle sam if they miss one small paperwork requirement. Unfortunately during the previous administration, federal bureaucrats ignored the resources and bandwidth of our small businesses.
▶ 0:19:17During the biden administration a record shattering 107,262 pages of rules were added to the federal register, which cost an estimated $1.8 trillion. And it added 256 million hours of paperwork onto the plates of small business owners.
▶ 0:19:46During president biden's last year in office alone, his administration issued over 3000 final rules. The regulatory cost of the biden administration reckless rulemaking were more than 15 times higher than president trump's first term, and over three times higher than barack obama's entire presidency.
▶ 0:20:09The massive mountain of paperwork hours due to bureaucratic red tape cuts into small businesses bottom lines, it slows job creation and balloons compliance costs. It is simply bad for business. Since january, the trump administration published $702 billion in total regulatory cost savings and cut 72 point one million hours of paperwork.
▶ 0:20:34All together with additional deregulatory efforts, these actions so far can save american taxpayers up to $907 billion. Savings will only grow as small businesses recover from the previous administration's regulatory onslaught. The trump administration is hard at work making sure agencies delete, revoke, and rescind the harmful regulations of previous administrations.
▶ 0:21:02I have been pleased to work with administrators eldon to bring common sense back to the environmental protection agency, where the trump epa has been especially busy. Just this week, the epa proposed and updated waters of the united states rule to create what is covered by wotus. This proposed rule follows my clear waters act which would codify that ground water and waste treatment systems are not navigable waters.
▶ 0:21:30And end this government overreach for our farmers, landowners, and small businesses. I'm also glad the epa is working to overturn the agency pause harmful obama era endangerment finding which allowed far left administrations to pave the way for ev mandates and green new deal policies.
▶ 0:21:53The trump epa estimates the endangerment finding has been used to justify over $1 trillion in hidden taxes on small businesses and american families. Wrote -- revoking that finding would save americans 54 billion dollars annually. Today our committee will hear from the chief counsel for advocacy, Dr. casey mulligan.
▶ 0:22:20In any administration, the office of advocacy is a valuable counterweight to the sprawling bureaucratic mess that regulations create for small businesses. Dr. mulligan, thank you for your steadfast commitment to identifying regulatory pain points that make it difficult for small businesses to grow. It has been a personal mission of mind to end the red tape nightmare that has tormented our small business owners. And earlier this year I reintroduced the prove it act.
▶ 0:22:49My bill requires agencies to consider both the direct and indirect costs of small -- for small businesses before finalizing regulations. It requires advocacy to formally review federal agencies certification of rules and prove that the federal government is fully compliant with existing law.
▶ 0:23:11And it gives small businesses a voice in the rulemaking progress to shift the balance of power away from the administrative state and back onto the main street. I also introduced the red tape act earlier this year to expose the true price tag of washington's red tape and ending bidens shady circular 84 scheme used to conceal the cost of federal regulations.
▶ 0:23:38Just a few weeks later, president trump issued an executive order 14192, which mirrored my legislation and formally rescinded the biden era guidance. This sort of common sense legislation along with the deregulatory action of this administration, will truly lead to a golden age for america's small business. I look forward to hearing from Dr.
▶ 0:24:01Mulligan about further ways we can work together to reduce regulatory burdens on small firms. Ranking member markey is unable to make it today. We will go ahead and we will start with your statement. You are recognize, I will give you an introduction first. You will have five minutes for your opening statements. I would like to extend a warm welcome today to our witness, Dr. casey mulligan.
▶ 0:24:33I'm thankful you took the time out of your busy schedule to be with us. It might be a quick hearing today. We will have members come and go through the day. The committee is excited to hear about the work of the office of advocacy and your work to limit the regulatory burdens on small businesses since your confirmation. In august, Dr. mulligan was confirmed by the senate and serves as the sba chief counsel for advocacy.
▶ 0:25:01Prior to this, he was professor at the university of chicago. Specializing in labor economics, public policy, and the impacts of regulation on economic behavior. During the first trump administration, he served as chief economist for the white house counsel of economic advisors. Dr. mulligan received his bachelor of arts from harvard university and earned his phd in economics from the university of chicago. I ask unanimous consent that Dr.
▶ 0:25:30Mulligan's full statement be included in the record and without objection, it is so ordered. With that, you are recognize for five minutes for your testimony. You may begin. >> chair ernst, ranking member markey, members of the committee. I'm honored to discuss with you the small business effects of president trump's regulatory agenda. My testimony does not necessarily reflect the views of the administration or the sba.
▶ 0:25:58Before I begin, I would like to thank the committee for supporting my nomination to this position of chief counsel. I look forward to working with you to support america's small businesses. The biden administration finalized 12,000 rules that would cost almost $6 trillion. Against that backdrop, president was elected to stop -- "ever expanding complicated federal regulation.
▶ 0:26:25He directed agencies to regulations that impose undue burdens on small businesses. Advocacy is well-positioned to health agencies follow in that direction. During my nomination hearing, I committed to prioritizing meeting small businesses where they are. I have done so in person, in iowa, together with our regional advocates who every day gather small businesses perspectives nationwide and bring them into policy discussions in washington.
▶ 0:26:54For years, small business is burdened by regulations remain silent. Fearing retaliation. Now they tell advocacy that this administration is the first to listen and understand. One even said advocacy quite literally saved christmas.
▶ 0:27:12As agencies have been seeking comment on candidates for deregulation, my office has flagged roughly 300 issues, particularly those giving large organizations and artificial advantage over small ones. One example is the outpatient prospective payment system which pays hospitals more for identical services than it pays independent physicians.
▶ 0:27:37The trump administration has already delivered substantial regulatory relief for small businesses. For example, the one big beautiful bill zeroed out the penalty on auto manufacturers that failed to achieve bidens impossible fuel economy standards. With approximately 14 million schedule c businesses owning vehicles, that changed a long position small entities to save tens of billions of dollars.
▶ 0:28:04In addition, president trump and congress removed 16 regulations this year by way of the congressional review act. More rule changes are on the way. Among roughly six economically significant rules so far, the largest savings likely come from the rule -- the chair mentioned, to stop greenhouse gas regulations of vehicles.
▶ 0:28:27Without that action, vehicle quality would have fallen in prices risen, causing small businesses about half of trillion dollars. Another rule flagged by small businesses is the proposed ocean heat rule. It would impose sweeping one-size-fits-all and often absurd requirements on workplaces where heat is above certain temperatures.
▶ 0:28:54An arizona watermelon farmer explained the rule would require shade structures, even though harvesting occurs at night. When there is no sun to be shaded. In contrast, well-designed deregulation increases competition and productivity. President trump's first term was a case in point. Prescription drug prices fell for the first time in decades. Deregulation sharply reduced internet access prices.
▶ 0:29:22That is all about the competition channel we see in the regulatory flexibility act. While regulators are quick to sanction businesses when they violate the acquirements, they often fail to follow the rules congress set. A particularly frequent practice has been to unlawfully certify important rules as not having a significant economic impact and substantial number of small entities. Such certifications are a pathway to caprices enforcement actions.
▶ 0:29:52In orwellian fashion, 65% of the major rules from the biden administration were nonetheless said to lack significant effects on small businesses or otherwise not require any consideration of those effects. Small businesses were saddled with at least 100 billion dollars in costs without any acknowledgment that there were costs.
▶ 0:30:14President trump's restoring gold standard science deal initiates additional reforms small entities have long-sought, decisions that rest on transparent data and reproducible methods. For example, and demented fishermen find the modeling of fisheries by the biden administration to be outdated and contrary to the magnuson stevens act.
▶ 0:30:34Among other things, they point to georges bank, closers aimed at protecting groundfish also stop harvest, leaving 52 million annual scallops to die off unharvested. Thank you for the opportunity to testify today. As chief counsel, I will continue to listen and to work toward a better policy for all small businesses and I will be happy to answer questions. >> wonderful. Thank you, Dr. mulligan. We will begin the questioning.
▶ 0:31:04I will recognize myself for five minutes for questions. Dr. mulligan, the cost of living and affordability for americans, including our small businesses, has been top of mind for president trump in the first year of his second term.
▶ 0:31:24Overregulation makes it difficult for small firms to stay in business and it also hurts every american family struggling with the cost of childcare, home heating, and electricity and housing affordability. With the holidays around the corner, how is the deregulation made everyday items more affordable for our american families? >> thank you for your question. The answers much-anticipated in the regulatory flexibility act.
▶ 0:31:55It points to two issues with regulatory overreach. One is by discouraging the smaller companies from entering the market. There is less competition in those bigger companies who are still there who are free to charge quite a bit. The other channel is productivity. We end up using more resources to do the same amount because of the extra paperwork and extra compliance. Electricity, we need more resources for the same electricity, higher electricity prices for people.
▶ 0:32:24We have seen that throughout the energy area in the last four years, delivering energy to our consumers has been quite difficult. >> and I appreciate that. We are trying to drive those costs down, and it is just common sense measures that this administration is taking. Dr. mulligan, as your testimony had pointed out, small businesses across iowa and america are hurting due to the compliance costs.
▶ 0:32:56Washington bureaucrats don't even think twice about them. For our small business owners, extra paperwork means less time actually working to grow their businesses, and as you know, as I discussed earlier, I introduced the prove it act to make bureaucrats prove that those proposed rules do not harm small businesses.
▶ 0:33:18And it gives advocacy for the tools to enforce their mission and to ensure small businesses are considered in the rulemaking process. How would the tools given to your office in the prove it act allowed to better interact with your federal partners and what legislative authorities would you still need? >> thank you for your question.
▶ 0:33:44My experience so far in the trump administration, which has been a few months, they are extremely supportive of advocacy and the small businesses. They are coming to me quite often asking what can we do to make the rules better for small businesses? But president trump won't always be our president. What happens after that?
▶ 0:34:03I think legislation would be quite helpful to stop the practice we saw so much in the last four years, say that regulation is not meaningful for the small businesses, when it is quite meaningful and sometimes can put them out of business. >> yes, we have seen that through the years. Hopefully we will be able to get the prove it act across the finish line. That is definitely a goal of mine.
▶ 0:34:29Recently the cfpb released a proposed rule regarding small business lending. Just this week, the epa released a new proposed rule. How do these new rules compare to their predecessors in terms of their small businesses? >> both of those rules, when they came out before for this administration, they were adding costs. We heard in my office about those costs.
▶ 0:35:02The new rules are in the proposed stage, largely set to reverse what was done. During the process, even in preparing the proposed rules, there was listening in those businesses. Those agencies told us we are glad to hear from them. We will make a better proposed rule based on the wisdom they heard from outside the beltway. >> that is good. I will share a very abbreviated story.
▶ 0:35:29But also when it came to farmers under the biden wotus rule, if a farmer had not tilled his field for a while, there was additional costs because that farmer was fined hundreds of thousands of dollars for disturbing the land he owned and intended to farm.
▶ 0:35:50Not only is there a cost of regulation and adhering to that regulation, but there is the government overreach where you can also be fine for simply doing your normal day to day activities with farmers or small business owners. My time has expired. We will come back for additional questions. At this point I will recognize the senator from hawaii. For five minutes. >> thank you, madam chair.
▶ 0:36:20You are the advocate for small businesses. As I talk with small businesses in my state, the biggest thing they are concerned about is the president's tariffs. You are not talking about the terrace has increasing costs for small businesses in your testimony, why not? >> thank you for your question.
▶ 0:36:51I think the tariffs you are referring to came out around april 1. >> the president's tariffs, they come and they go. There is a certain unpredictable and this about it. That is another reason small businesses are concerned. There have already been billions of dollars in payments that businesses have to make.
▶ 0:37:16And by the way, why aren't you talking about tariffs as being a cost driver for small businesses right now? >> the advocacy doesn't make the rules about tariffs or anything else. We have two things we do -- >> but your job -- to listen to small businesses and address their concerns?
▶ 0:37:42>> number two, to make sure those people who do make the policy are aware of those concerns. My position subject to senate confirmation, even though the president was incredibly quick to get me nominated, and the chair of this committee was quick to get the hearing going, somehow the senate did not finish the job. Until well after the trade policies were initiated. The chief counsel chair at those policy discussions was empty.
▶ 0:38:14>> you are avoiding answering my question. You know that president trump has imposed tariffs in april and they come and go. My question to you is knowing that these tariffs are very detrimental in raising costs for small businesses, why aren't you talking about tariffs in your testimony? >> my job -- thank you for your question.
▶ 0:38:45My job is to listen to the small businesses and to communicate to those who do make the policies their concerns. >> so did you tell the people who are making these policy decisions that the tariffs are hurting small businesses? >> let me explain to you how that worked. On the heels of my confirmation, the government was shut down. While I was able to listen, thank you, congress for the excellent funding you gave my office so we can stay open, I was listening like crazy, but it was not until the government reopened.
▶ 0:39:16Last wednesday, the government was still closed. The white house called me and they said get over here, the government is open tomorrow, the agencies near to hear what the small businesses are telling you. And I said -- >> if I look a little frustrated, that is because I am. You wrote in your book tariffs are taxes.
▶ 0:39:43And wouldn't taxes on small businesses hurt small businesses? You don't need to be confirmed or talk to them -- you have written about it. So why is it that we can hear your -- what you are going to do to help small businesses deal with this on-again, off-again tariff situation? I talked to small businesses in hawaii.
▶ 0:40:06Anybody who imports anything, any part of a product that hawaii businesses sell, that goes for small businesses across the country, having to pay higher costs. There is a chipmaker in hawaii coming against some of his packages from china. He's had to pay more for his product, which are chips. So there is no question that these tariffs are hurting small businesses.
▶ 0:40:35And yet you are not here to tell us about how that is impacting small businesses. And not to mention, I would like to ask you, are tariffs taxes, yes or no? >> I wasn't able to finish answering your question. >> I'm moving on to ask you are tariffs taxes?
▶ 0:40:59>> president trump campaign on changing the composition of revenue. They are a source of revenue. >> are tariffs taxes? Weren't you answering the question, you said so in your book.
▶ 0:41:14Madam chair, I don't know why our witness, the single witness we have, who is supposed to be talking about impacts on small businesses and how we can be of help and the biggest impact they are having to face are the tariffs, and we have a witness who is not responding to my question. Thank you very much.
▶ 0:41:35>> I would also respond with the trump administration is doing by really saying some of the overreach from the federal government on those small businesses, has created some equilibrium to any hurt small businesses may be feeling.
▶ 0:41:51This is something we can do for the long run, is undo the pain of the pressure from some of these regulations that are fined for larger corporations, but certainly do hurt the smaller businesses. I appreciate that. I would also recommend that the members of the committee also should be the ones advocating for their small businesses and reaching out if they feel there is a concern from small businesses. They should take that to the administration.
▶ 0:42:22I know I certainly have those conversations with the president and the administration. Senator booker, thank you. If you would go ahead and direct your questions to the witness. Your recognize for five minutes. >> thank you for having this opportunity to have a conversation.
▶ 0:42:39I crisscross my state, and I'm interested in small businesses, it is extraordinary to see these entrepreneurs who risk their capital, make serious investments. Not just the succession of businesses, but small businesses of radiating to our communities, part of the fabric of our towns, especially a state like new jersey, which runs on small towns. One of my biggest concerns I hear from small businesses is health care.
▶ 0:43:11They are getting really stuck badly with health care costs. And we just enacted -- congress just enacted switching cuts to the federal health care funding programs. And has really given tax cuts not to small businesses, but seeing a lot of them were to the benefit of the wealthiest.
▶ 0:43:33There are cbo, estimates concessions in that bill will increase our deficit by 900 $7 billion from 2025 to 2034. The increases the number of uninsured americans by 10 million by 2034.
▶ 0:43:524.2 million will lose their marketplace coverage because the law failed to extend the tax credit enhancements, which lower annual premiums by more than $700 on average for people who receive them. Simultaneously, of the small businesses with the affordable care act are facing increases on average of 11% for 2026. According to analysis of preliminary rate filings for 318 insurers across all 50 states.
▶ 0:44:22What I just finished crisscrossing my seat having town halls, I was stunned. I thought we would talk about other issues. Small businesses talked about the impossibility of covering health care, or even imagine trying to cover people who work for them.
▶ 0:44:39One of them has a flower business in my state who talked about not only does she have to forgo health insurance in order to keep it for their children, but having the challenges also of watching their employees have to lose their insurance as well.
▶ 0:44:54As an administration finalizes its regulations for the trump tax bill, will you advocate for the small business owners whose prices are going up due to the administration's economic policies, or who will lose valuable employees as some of the owners told me, they will go to places where they get health coverage because they can no longer afford it themselves? >> thank you for your question.
▶ 0:45:24The short answer is yes, I listen to the small businesses, and I report what I hear to those who make the rules. Around health care in this case. Like you, I hear a lot and my staff hears a lot about health care. We have a letter on our website where we have gathered together. My count was 97 different health care issues we heard about. From small businesses. And the cost of insurance is something that is often cited.
▶ 0:45:54One thing that is often cited is the pandemic emergency. We hear in so many different ways that rules that were put in place during the pandemic are still there. And the pandemic emergency doesn't end. That really undermines -- >> I'm going to interrupt you because I've got 90 seconds.
▶ 0:46:16I get it, as a former mayor, the bureaucracy, the rules, all of these things, this is where I find a lot of agreement with my colleagues on the other side of the aisle. But the biggest issue, and I'm not overstating this at all, the staggering premium costs of people health care.
▶ 0:46:38And he said I will advocate for that, but I'm wondering specifically when you say on your own website, you have people bring this problem. I'm asking you what is the solution. What will you be specifically advocating for to deal with the number one issue?
▶ 0:47:04I heard from county to county, meeting and I will talk about other issues, but every conversation centered around the staggering cost of health care. You are a person in a very important position, what specifically is the solution to that? >> we have 97 specifics in the letter.
▶ 0:47:23If I were to organize them as we did in the beginning of the letter, the regulatory flexibility act principles apply very well to those 97, there are a lot of regulations that reduce competition in health care. I mentioned in my opening statement, things that increase the cost of health care by undermining independent physicians. The other aspect is wasted resources. To deliver the same health care we need more resources because of all of the red tape. >> have you thought about the consequences?
▶ 0:47:53The immediacy of this starts at the end of the year. What are the consequences going to be for small businesses that see their costs going up tens of thousands of dollars not being able to cover their families who are facing employees or leaving? It seems to me quite a tsunami about the hit small businesses with their costs going up.
▶ 0:48:18>> what we have been doing in my office and I have been doing myself -- >> you have no immediate solution in your mind in january -- >> I have 97 solutions I heard from small businesses. They are from the small businesses. Some of them are immediate, and others may take more time. >> thank you. >> thank you senator booker.
▶ 0:48:45As you pointed out, there are steep premium increases. Simply allowing subsidies to continue to flow does not bring the cost of health care down. So I think this is something we should all be able to work on, I figure out what is going on in health care that is driving costs up, and how we lower costs of health care. So it is not just premiums. So I hope we can all come together and figure that out.
▶ 0:49:18Because our small businesses need an option that is affordable and allows easy access to health care. Senator hawley, you are recognized for five minutes. >> thank you very much, madam chair. Dr. mulligan, thank you for being here. Let me start by asking a little bit about rural businesses. This is something I talked to the administrator about when she was here for her confirmation hearings. I was surprised, stunned to see these numbers.
▶ 0:49:47The biden administration sba spent out of 103,000 loans, only 12,500 went to rural businesses. 12%. Of the $56 billion in capital last fiscal year, $6 billion went to rural businesses. My state is majority rural. We have many small businesses through the state located in rural areas.
▶ 0:50:14I think a key function of the administration is to protect and promote rural businesses. Let me just ask, what role does your office play in promoting rural small businesses? >> thank you for your question. We know from a lot of our analyses small businesses are prescient -- especially prominent in rural areas.
▶ 0:50:43As I committed in my nomination hearing and I have done in person, to go out and visit, go where they are. Don't ask them to come to washington, go visit them. We had an instance a month or two ago where it was such a remote area, my regional advocate took a mule the last couple of miles. And really going to great lengths to hear from -- in that case, ranchers.
▶ 0:51:10The ranchers were thrilled that we were listening. They were thrilled with the results we were getting. Just starting to improve some of that core policy in rural areas. >> what steps do you think congress can take to ensure it prioritizes rural areas and businesses and recommendations you might have? >> maybe I would like to meet with my staff and get back to you.
▶ 0:51:38That is a serious ask and I don't want to have a glib answer to that. Certainly there is a lot of room because a lot of our policies have not treated rural areas well. >> understood. I agree with that. I want to point out programs like the seven a loans, 50 four certified development recovery loans, these programs are absolutely vital to rural america in general and rural businesses in particular.
▶ 0:52:07They need support and advocacy from your office and across the agency. Let me ask you for a second, let's go back to talk about the eight a program. You are familiar with the program? >> kelly loeffler, that is her area. Any regulation she puts out, because she subject to the regulatory fix ability act, I would review. And here from the small businesses and comment on that.
▶ 0:52:36I'm familiar from that perspective, but I'm not involved in making the rules. >> my question is this. It has been back in the news for reports of all kinds of corruption and wasted taxpayer dollars.
▶ 0:52:50The most recent example, ati government solutions, a technology company that improperly, may be fraudulently claimed native american ownership to get eight a status and has been exposed for acting as a pastor organization to take unfair advantage of the program. We are seeing these reports proliferate and we don't have an inspector general.
▶ 0:53:14So I guess my question would be what you just said a moment ago, do you think it is time to get an inspector general at sba so we are able to address these reports of fraud? >> thank you for your question. In that senate confirmation process, it should not take that long. It is taking way too long for the inspector general. >> I think so, too. Thank you, madam chair. >> thank you so much.
▶ 0:53:44I will take five minutes additional for a few more questions. I really appreciate your time today. I do want to turn to the great work you have been doing at the office of advocacy. You and your team have worked hard to shed light on these hard to understand regulations. There's a lot on the books our small businesses don't have the time to research, understand, they don't have additional personnel to sort through all of that, and it costs them money.
▶ 0:54:13As you have traveled across the country, I know you met with small businesses, had discussions with small firms, what is the top existing regulation that is currently negatively affecting small businesses that those of us in congress can actually grab a hold of or even something that exists that the administration might be able to grab a hold of and look at reforming or rolling back?
▶ 0:54:43>> thank you for your question. There are regulations in both categories. Working together like congress did on the congressional review act, small businesses are thankful for that. It gives them more durability and certainty going forward. Top one is a bit hard. On our website we just put out a most wanted list. There is not just one, but it is a fairly short list.
▶ 0:55:11These are the ones we heard most from small businesses and in a dollar sense, they have costs into the billions for one of the rules. The 2020 four cybersecurity model certification, one that we hear a lot from small businesses who hope to be involved in contracting, quarterly payroll filings.
▶ 0:55:36And believe it or not, 15 years on, the obamacare care employer mandate. >> I wish we had had that question just a little bit ago. The mandate can be very costly. But I do hope as a congress or administration, we can all work together to find reasonable solutions to help our small businesses in all of those areas.
▶ 0:56:09Following the bureaucratic nightmare created by the former administration, the trump administration has been working hard two/a lot of the regulations and red tape that are out there that affect small businesses. And make it cheaper and simpler for small business owners to comply with federal regulations. Your office has been playing a key role in that fight. Dr.
▶ 0:56:37Mulligan, I intend to follow up perhaps with a question for the record. But as the first confirmed chief counsel for advocacy in a decade, and you noted the seat had been vacant, but you are the first one in a decade. I'm confident you have many well-informed ideas about how to strengthen and better that role for the benefit of all of our small businesses.
▶ 0:57:05So if you would briefly, because I only have a minute and a half left, briefly describe what you thought about any legislative changes you would recommend that can be helpful to us and in addition to the prove it act, because I would like to see that over the finish line. But things that would allow us to be good champions for our small businesses. >> thank you for your question.
▶ 0:57:36One idea in the spirit of the prove it act to acquire any major rule can be certified without the chief counsel approval. Stop the orwellian doublespeak. That would be an idea. Take a look at president trump's budget, it is an excellent budget. One of the things it does is really support the office of advocacy to a much greater degree than the draft budget that came out of the house. If the senate could look at that, that would be helpful.
▶ 0:58:07Small businesses are very appreciative of what advocacy is not able to do. >> I think that is great. I will reform this question, submit it for question for the record. As you are hearing from small businesses, you said you had 97 different suggestions out there. Perhaps some of those might make its way to the halls of congress and we can work on solutions for those small businesses.
▶ 0:58:39So I will stop the questions here. I do appreciate your time today. I thank you. I know it is a busy day on the hill. Thank you for being here. I see that there are no further questions, thank you for joining us. I ask unanimous consent the record of today's hearing remain open for two weeks for members to submit questions, revise and extend remarks, and submit additional information into the record.
▶ 0:59:07Without objection, it is so ordered. With that, the committee on small business and entrepreneurship stands adjourned. Thank you.