Issue Position: Regulatory Reform

Issue Position

Dodd-Frank needs to be repealed. Dodd-Frank has greatly inhibited bank lending to small and mid-sized businesses, as well as the financing of entrepreneurs with new business ideas because it is even more impossible to understand and comply with than the tax code. This also has killed economic growth and job creation. We should require a cost-benefit analysis for any proposed regulation with a projected economic impact above a threshold level. Existing regulations should also be reviewed for their cost versus benefits and repealed where they don't make economic sense. Congress needs to take back the legislative powers it has delegated to executive branch agencies, which has resulted in unaccountable bureaucrats making laws instead of elected and accountable legislators.

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