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One Size Does Not Fit All: Understanding the Importance of Rightsizing Regulations for Small Businesses (Senate Small Business Committee hearing, August 23, 2023)

Summary

Transcript of the August 23, 2023 field hearing of the Senate Committee on Small Business and Entrepreneurship, One Size Does Not Fit All: Understanding the Importance of Rightsizing Regulations for Small Businesses, S. Hrg. 118–116. Ranking Member Joni Ernst gave the opening statement. Witnesses were Major L. Clark, III, Acting Chief Counsel of the Office of Advocacy of the U.S. Small Business Administration, Rep. Shannon Latham of the Iowa House of Representatives, and Megan Green of Weiler Products. Statements submitted include ones from the Competitive Enterprise Institute, Daniel Goldbeck, the Job Creators Network and the National Automobile Dealers Association.

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Cite this document

“One Size Does Not Fit All: Understanding the Importance of Rightsizing Regulations for Small Businesses (Senate Small Business Committee hearing, August 23, 2023).” Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/one-size-does-not-fit-all-understanding-the-importance-of-rightsizing-b24f276d72/, SHA-256 9e6b2142fbbe8b86217ae55d71764720d3e52a2d2475631089a126d80e78154f.

Full text

                                                                                                                                                                 S. HRG. 118–116



                                                                                                 ONE SIZE DOES NOT FIT ALL:
                                                                                             UNDERSTANDING THE IMPORTANCE OF
                                                                                                  RIGHTSIZING REGULATIONS
                                                                                                    FOR SMALL BUSINESSES



                                                                                                               FIELD HEARING
                                                                                                                             BEFORE THE


                                                                                           COMMITTEE ON SMALL BUSINESS
                                                                                              AND ENTREPRENEURSHIP
                                                                                                                                OF THE


                                                                                                       UNITED STATES SENATE
                                                                                                   ONE HUNDRED EIGHTEENTH CONGRESS
                                                                                                                           FIRST SESSION


                                                                                                                           AUGUST 23, 2023


                                                                                  Printed for the use of the Committee on Small Business and Entrepreneurship




                                                                                                                                (
                                                                                                   Available via the World Wide Web: http://www.govinfo.gov

                                                                                                               U.S. GOVERNMENT PUBLISHING OFFICE
                                                                                       53–543                              WASHINGTON : 2024




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                                                                                          COMMITTEE ON SMALL BUSINESS AND ENTREPRENEURSHIP

                                                                                                        ONE HUNDRED EIGHTEENTH CONGRESS



                                                                                                   BENJAMIN L. CARDIN, Maryland, Chairman
                                                                                                      JONI ERNST, IOWA, Ranking Member
                                                                                 MARIA CANTWELL, Washington             MARCO RUBIO, Florida
                                                                                 JEANNE SHAHEEN, New Hampshire          JAMES E. RISCH, Idaho
                                                                                 EDWARD J. MARKEY, Massachusetts        RAND PAUL, Kentucky
                                                                                 CORY A. BOOKER, New Jersey             TIM SCOTT, South Carolina
                                                                                 CHRISTOPHER A. COONS, Delaware         TODD YOUNG, Indiana
                                                                                 MAZIE K. HIRONO, Hawaii                JOHN KENNEDY, Louisiana
                                                                                 TAMMY DUCKWORTH, Illinois              JOSH HAWLEY, Missouri
                                                                                 JACKY ROSEN, Nevada                    TED BUDD, North Carolina
                                                                                 JOHN W. HICKENLOOPER, Colorado
                                                                                                      SEAN MOORE, Democratic Staff Director
                                                                                                     MEREDITH WEST, Republican Staff Director




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                                                                                                                                  CONTENTS

                                                                                                                                      AUGUST 23, 2023

                                                                                                                                   OPENING STATEMENTS
                                                                                                                                                                                                                    Page
                                                                                 Joni Ernst, Ranking Member, U.S. Senator from Iowa ........................................                                          1

                                                                                                                                            WITNESSES
                                                                                 Mr. Major L. Clark, III, Acting Chief Counsel, Office of Advocacy, U.S. Small
                                                                                   Business Administration, Washington, DC .......................................................                                    4
                                                                                     Prepared Statement .........................................................................................                     6
                                                                                 Rep. Shannon Latham (R–55th) Iowa House of Representatives, Des Moines,
                                                                                   IA ...........................................................................................................................    33
                                                                                     Prepared Statement .........................................................................................                    35
                                                                                 Mrs. Megan Green, Counsel and Engineering Manager, Weiler Products,
                                                                                   Knoxville, IA .........................................................................................................           41
                                                                                     Prepared Statement .........................................................................................                    43

                                                                                                           ADDITIONAL LETTERS/STATEMENTS FOR THE RECORD
                                                                                 Competitive Enterprise Institute
                                                                                     Statement dated August 23, 2023 ...................................................................                             52
                                                                                 Goldbeck, Daniel
                                                                                     Comments submitted August 23, 2023 ...........................................................                                  58
                                                                                 Job Creators Network (JCN)
                                                                                     Statement dated August 23, 2023 ...................................................................                             61
                                                                                 National Automobile Dealers Association (NADA)
                                                                                     Statement dated August 1, 2023 .....................................................................                            64
                                                                                 National Federation of Independent Business (NFIB)
                                                                                     Letter dated August 23, 2023 ..........................................................................                         65
                                                                                 SBA Office of Advocacy Chief Counsel Report on the Regulatory Flexibility
                                                                                   Act, FY 2022
                                                                                     Report dated April 2023 ...................................................................................                     70
                                                                                 Small Business and Entrepreneurship Council
                                                                                     Letter dated August 31, 2023 ..........................................................................                        157
                                                                                 U.S. Chamber of Commerce
                                                                                     Letter dated August 23, 2023 ..........................................................................                        159
                                                                                 Wall Street Journal Editorial Board ‘‘Regulators Gone Wild’’
                                                                                     Article dated August 14, 2023 .........................................................................                        163




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                                                                                             ONE SIZE DOES NOT FIT ALL:
                                                                                         UNDERSTANDING THE IMPORTANCE OF
                                                                                             RIGHTSIZING REGULATIONS
                                                                                               FOR SMALL BUSINESSES


                                                                                                              WEDNESDAY, AUGUST 23, 2023

                                                                                                             UNITED STATES SENATE,
                                                                                                         COMMITTEE ON SMALL BUSINESS
                                                                                                                     AND ENTREPRENEURSHIP,
                                                                                                                                Des Moines, IA.
                                                                                   The committee met, pursuant to notice, at 1:00 p.m. CDT, at
                                                                                 Iowa Economic Development Authority, 1963 Bell Avenue, Des
                                                                                 Moines, Iowa, Hon. Joni Ernst presiding.
                                                                                   Present: Senator Ernst [presiding].
                                                                                                   OPENING STATEMENT OF SENATOR ERNST
                                                                                    Senator ERNST. Well, welcome everybody. We are going to go
                                                                                 ahead and get started, so those that need chairs, if you can find
                                                                                 one.
                                                                                    The hearing is called to order. Good afternoon and thank you all
                                                                                 for joining us today in beautiful Iowa. I know that some of you
                                                                                 have traveled from out of state to be here today.
                                                                                    As the Ranking Member of the Senate Small Business and En-
                                                                                 trepreneurship Committee I want to specifically thank our wit-
                                                                                 nesses for joining us as well as Sean Moore, the Committee’s
                                                                                 Democratic staff director, representing Chairman Ben Cardin. The
                                                                                 issues facing small businesses continue to be the rare area of bipar-
                                                                                 tisanship in Washington, and I appreciate the hard work Chairman
                                                                                 Cardin, Sean, and their staff put in.
                                                                                    Today’s hearing is focused on rightsizing regulations for small
                                                                                 businesses because one size does not fit all. Our goal is to examine
                                                                                 the challenges small businesses face when they are forced to com-
                                                                                 ply with the same regulatory requirements as much larger competi-
                                                                                 tors. We will also discuss the benefits to small businesses when
                                                                                 agencies adjust their regulatory demands accordingly.
                                                                                    Small businesses today are drowning in red tape and unneces-
                                                                                 sary regulatory costs. In less than 3 years, the Biden administra-
                                                                                 tion has imposed almost $400 billion in regulatory costs on Amer-
                                                                                 ican businesses. By comparison, the previous two administrations
                                                                                 combined, over the same time period, imposed $258 billion in regu-
                                                                                 latory costs, including during the implementation of Obamacare,
                                                                                 with its hundreds of accompanying rules. In other words, the Biden




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                                                                                 administration has already imposed almost $140 billion more in
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                                                                                 regulatory costs than the previous two administrations did, com-
                                                                                 bined. By one estimate, Biden’s out-of-control regulatory agenda
                                                                                 has imposed over $5,000 per household in costs, and I would like
                                                                                 to submit for the record a Wall Street Journal editorial entitled
                                                                                 ‘‘Regulators Gone Wild,’’ showing the full scale of the overreach.
                                                                                    Senator ERNST. How can any small business keep up, and folks,
                                                                                 sadly they cannot. And while those numbers are truly staggering,
                                                                                 they do not even begin to tell a whole story of just how complex
                                                                                 the Federal regulatory climate is for small businesses in Iowa and
                                                                                 across the country.
                                                                                    While regulatory costs hit all businesses, they are particularly
                                                                                 damaging to small businesses, which is why, since 1980, the Regu-
                                                                                 latory Flexibility Act has required agencies to rightsize regulations
                                                                                 by providing less-costly alternatives.
                                                                                    When writing a new rule, the only way agencies can evade the
                                                                                 rightsize requirement is by checking a box to certify that the regu-
                                                                                 lation will not significantly impact small businesses. And folks, we
                                                                                 know that any time Washington is creating a new regulation,
                                                                                 chances are our small businesses will be severely impacted.
                                                                                    Unfortunately, this has become a loophole for agencies to not put
                                                                                 in the work to rightsize the regulation and provide flexibility to
                                                                                 small businesses. The SBA’s Office of Advocacy is an independent
                                                                                 entity in the Federal Government that is charged with policing the
                                                                                 Reg Flex Act, and we appreciate that the leader of this critical of-
                                                                                 fice, Mr. Major Clark, is with us today.
                                                                                    When regulators significantly underestimate the real costs of reg-
                                                                                 ulations it results in very real consequences for small businesses.
                                                                                 To illustrate let’s look at just two regulations with broad impacts
                                                                                 on Iowa small businesses that Advocacy found were improperly cer-
                                                                                 tified.
                                                                                    First, the Federal Trade Commission recently underestimated
                                                                                 the costs a regulation would place on auto dealer small businesses
                                                                                 by almost $70 billion. Iowa franchised auto dealerships employ over
                                                                                 15,000 Iowans, and most are small businesses. I would like to sub-
                                                                                 mit for the record a one-pager from the Iowa and National Auto-
                                                                                 mobile Dealers Associations illustrating the problem.
                                                                                    Second, the Environmental Protection Agency improperly
                                                                                 claimed a rule defining Waters of the United States would not sig-
                                                                                 nificantly impact small businesses despite the fact that it would
                                                                                 likely affect every farmer and small businesses that wished to build
                                                                                 a new barn or expand their business.
                                                                                    In Iowa, 98 percent of agriculture businesses, 99 percent of con-
                                                                                 struction businesses, and 89 percent of manufacturers are small
                                                                                 businesses, and collectively employ over 46,000 Iowans. That is
                                                                                 why I supported a resolution to repeal the WOTUS rule that
                                                                                 passed the Senate, but unfortunately it was vetoed by the Presi-
                                                                                 dent.
                                                                                    So what happens when small businesses or the SBA make it
                                                                                 known to these regulators that their costs are underestimated and
                                                                                 they should find alternatives to protect small businesses? Unfortu-
                                                                                 nately, right now agencies can simply ignore them. This is why I
                                                                                 introduced the PROVE IT Act of 2023, to prevent agencies from




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                                                                                 simply checking the box and empowering the SBA Office of Advo-
                                                                                 cacy to require these agencies to show their work.




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                                                                                    My PROVE IT Act would require Federal agencies to prove they
                                                                                 are not avoiding the Reg Flex Act and demonstrate that any new
                                                                                 regulation is actually compliant with existing laws. It would also,
                                                                                 for the first time, consider both the direct and indirect costs placed
                                                                                 on small businesses, which would directly push back on the Biden
                                                                                 administration’s efforts to use far-reaching global benefits to justify
                                                                                 imposing any costs. Finally, my bill would give Advocacy the tools
                                                                                 they need to require, rather than ask, agencies to consider less-
                                                                                 costly alternatives for small businesses.
                                                                                    I am proud to see that over 10,000 small businesses around the
                                                                                 country and 75 small businesses in Iowa have sent letters to Con-
                                                                                 gress showing support for my legislation.
                                                                                    As you can clearly see, it matters when agencies simply check
                                                                                 the box and avoid rightsizing regulations. One-size-fits-all regula-
                                                                                 tions do not suit Iowa’s entrepreneurs, and that is why I am fight-
                                                                                 ing to ensure our small businesses are heard and considered in fu-
                                                                                 ture regulatory mandates from Washington. I look forward to hear-
                                                                                 ing from our witnesses on this issue and how to address it.
                                                                                    Now we will introduce our witnesses, and again thank you to our
                                                                                 witnesses for being here today. First we have Major L. Clark III.
                                                                                 He is the Deputy Chief Counsel, Small Business Administration
                                                                                 Office of Advocacy. He currently serves as the Deputy Chief Coun-
                                                                                 sel for SBA’s Office of Advocacy. The SBA Office of Advocacy is the
                                                                                 independent voice for small businesses within the Federal Govern-
                                                                                 ment to advance the views and interests of small firms with Fed-
                                                                                 eral agencies. In fiscal year 2021 and 2022 alone, Mr. Clark and
                                                                                 his staff engaged with Federal agencies on almost 40 regulations
                                                                                 that led to almost $3.4 billion in estimated regulatory cost savings.
                                                                                    Prior to joining the Small Business Administration, Mr. Clark
                                                                                 was the Senior Corporate Officer for the Maxima Corporation and
                                                                                 served as the Chief Administrative Officer for the House Small
                                                                                 Business Committee. Thank you again for joining us today, Mr.
                                                                                 Clark.
                                                                                    Next we have Representative Shannon Latham. Shannon is the
                                                                                 Representative for Iowa’s 55th Legislative District in the Iowa
                                                                                 House of Representatives, serving since 2021, and it covers parts
                                                                                 of Wright, Franklin, and Hamilton Counties. During her time in
                                                                                 the Iowa House, Representative Latham has been a strong advo-
                                                                                 cate for Iowa small businesses and has been a staunch ally in Gov-
                                                                                 ernor Reynolds’ efforts to modernize the regulatory system and
                                                                                 make Iowa the best place in the country to do business.
                                                                                    In addition to serving in the Iowa House, Representative Latham
                                                                                 also co-owns Latham Hi-Tech Seeds, a family-owned seed company
                                                                                 headquartered in Alexander, Iowa. A fellow graduate of my alma
                                                                                 mater, Representative Latham received her BS in Ag Journalism
                                                                                 and Public Service and Administration in Agriculture from Iowa
                                                                                 State University, and her MBA from the University of Iowa.
                                                                                    And finally we have Mrs. Megan Green. She currently serves as
                                                                                 the Counsel and Engineering Manager for Knoxville-based Weiler
                                                                                 Products, which designs, engineers, and manufactures equipment
                                                                                 for the paving market. Mrs. Green is a member of the senior lead-
                                                                                 ership team and serves as the President of the Weiler Foundation




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                                                                                 for Charitable Giving. She was also recently appointed as a mem-
                                                                                 ber of the People’s Bank Board of Director.




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                                                                                   Prior to joining her current employment, Mrs. Green served as
                                                                                 an in-house counsel for the State Farm in Bloomington, Illinois,
                                                                                 counseling clients in multiple states on regulatory, legislative, and
                                                                                 public policy issues. Mrs. Green also attended my alma mater, re-
                                                                                 ceiving her bachelor’s degree in finance from Iowa State University
                                                                                 and her JD from the University of Iowa.
                                                                                   And I will also mention, while it was not in his biography, Major
                                                                                 Clark also attended the University of Iowa. So we all have those
                                                                                 Iowa connections.
                                                                                   I do want to thank our witnesses very much for being here today.
                                                                                   We will go ahead and proceed with the testimony, and Mr. Clark,
                                                                                 we will start with you please, sir.
                                                                                 STATEMENT OF MAJOR L. CLARK III, ACTING CHIEF COUNSEL,
                                                                                  OFFICE OF ADVOCACY, U.S. SMALL BUSINESS ADMINISTRA-
                                                                                  TION, WASHINGTON, D.C.
                                                                                    Mr. CLARK. Good afternoon, Ranking Member Ernst and distin-
                                                                                 guished guests. I am honored to be able to return to Iowa. It has
                                                                                 been a while since I have been here, but fond memories during my
                                                                                 period here. Iowa taught me how to be a good lawyer, not one of
                                                                                 the bad lawyers, so I am very honored with that.
                                                                                    Congress recognized the importance of small business to our na-
                                                                                 tion’s economy. As such, Advocacy was created in 1976, to be an
                                                                                 independent voice for small businesses within the Federal Govern-
                                                                                 ment, particularly during the Federal regulatory process. But that
                                                                                 is not all that we do. Our legal team works to ensure regulations
                                                                                 do not unduly burden small businesses, our regional advocates and
                                                                                 our information team provide outreach to small business stake-
                                                                                 holders across the country, and our economic research team con-
                                                                                 ducts important research on small business and their roles, some
                                                                                 of that which you have just heard from the Ranking Member.
                                                                                    Advocacy’s research demonstrates that small businesses continue
                                                                                 to be a critical part not only of the nation’s economy but also local
                                                                                 economies, as here in Des Moines and in the total state of Iowa.
                                                                                 We released a new small business profile series, which is available
                                                                                 on the table behind you. It is the 2022 Small Business Profile,
                                                                                 which focuses specifically on this great state of Iowa.
                                                                                    This research confirms that small businesses are a vital compo-
                                                                                 nent of Des Moines’ and Iowa’s economy. Small businesses account
                                                                                 for 47 percent of Iowa’s employment, which exceed the national
                                                                                 share. Here in Des Moines metropolitan area, 98 percent of all
                                                                                 businesses are small and account for about 41 percent of employ-
                                                                                 ment.
                                                                                    Our research also shows that small businesses play an important
                                                                                 role in rural areas. For example, small businesses provide 54 per-
                                                                                 cent of rural jobs in the United States. Advocacy’s economic re-
                                                                                 search also inform agencies on the small business economic im-
                                                                                 pacts of their regulations, which is critical. It is also our hope that
                                                                                 this now helps stakeholders, many of you who are here today, un-
                                                                                 derstand the critical role that you play as small business owners
                                                                                 in the local economy.
                                                                                    After hearing from small businesses like those here in the state




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                                                                                 of Iowa, Congress passed what is called the Regulatory Flexibility
                                                                                 Act to ensure Federal regulations are not, as the Chairman said,




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                                                                                 one size fits all. Rather, Federal agencies must consider the im-
                                                                                 pacts of their regulations on small business, analyze effective alter-
                                                                                 natives that minimize small entity impacts, and make their anal-
                                                                                 ysis available for you, the public.
                                                                                    As the watchdog for small businesses, Congress charged Advo-
                                                                                 cacy with ensuring agency compliance with the RFA. Advocacy is
                                                                                 required to report to Congress every year on agency compliance
                                                                                 with the RFA, and our report for fiscal year 2022 was submitted
                                                                                 to the Committees, House and Senate, in May of this year. Advo-
                                                                                 cacy continues to remain active during fiscal year 2022. On behalf
                                                                                 of our nation’s small businesses, we submitted a record 37 com-
                                                                                 ment letters to Federal agencies and hosted a record 30
                                                                                 roundtables on regulatory concerns facing small businesses.
                                                                                    We also achieved numerous victories for small businesses by
                                                                                 working with agencies on RFA compliance, including what was
                                                                                 mentioned earlier, the $73.5 million in cost savings for our small
                                                                                 businesses across the country. And these numbers were due, in
                                                                                 large part, I think, to new methods that we implemented to reach
                                                                                 more stakeholders, to reach outside of the Washington, D.C., area,
                                                                                 including holding virtual meetings, roundtables, and events as we
                                                                                 are having today, and also our site visits.
                                                                                    In this current fiscal year, Advocacy has continued to be produc-
                                                                                 tive, and since October 1, of 2022, we have already submitted over
                                                                                 40 letters and held 23 roundtables this year.
                                                                                    Advocacy has increasingly argued that Federal agencies need to
                                                                                 conduct more outreach to small entities during the rulemaking
                                                                                 process and improve the quality of their small business data. Advo-
                                                                                 cacy relies on stakeholders, primarily you, to provide input in the
                                                                                 regulatory process by writing comment letters, directing to Federal
                                                                                 agencies, and by sending us their concerns. It is critical for all
                                                                                 small businesses, including those here, to express concerns to Fed-
                                                                                 eral agencies on regulations that may impact their economic sur-
                                                                                 vival. Our success, in Advocacy, depends on you, our stakeholders.
                                                                                    Madam Chair, this concludes my oral testimony, and I request
                                                                                 that Advocacy’s RFA report for fiscal year 2022 be included in the
                                                                                 hearing record.
                                                                                    Thank you for this opportunity to testify today, and you know
                                                                                 that I am happy to answer any questions that you may have, so
                                                                                 thank you.
                                                                                    [The prepared statement of Mr. Clark follows:]




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                                                                                                                                     33

                                                                                   Senator ERNST. Thank you very much, Mr. Clark, and we will
                                                                                 submit that, without objection, so thank you.
                                                                                   [The information follows:]
                                                                                   Senator ERNST. Representative Latham, thank you.
                                                                                      STATEMENT OF REP. SHANNON LATHAM, IOWA HOUSE OF
                                                                                              REPRESENTATIVES, DES MOINES, IA
                                                                                    Ms. LATHAM. Thank you. Good afternoon, Ranking Member
                                                                                 Ernst, members of the Committee, and distinguished guests. It is
                                                                                 a real honor to be here as a representative of Latham Hi-Tech
                                                                                 Seeds to provide insights about difficulties faced by small busi-
                                                                                 nesses when complying with regulatory requirements.
                                                                                    Latham Hi-Tech Seeds is a third-generation, family-owned seed
                                                                                 company that is headquartered on our family’s Century Farm in
                                                                                 north central Iowa. Latham brand hybrid seed corn, soybeans, and
                                                                                 alfalfa products are sold across the Upper Midwest, primarily
                                                                                 through a farmer-dealer network.
                                                                                    We are proud to have celebrated our company’s 75th anniversary
                                                                                 in 2022, but our success did not come without overcoming obsta-
                                                                                 cles, and some of the obstacles we face today include gene editing,
                                                                                 antitrust enforcement, and trucking.
                                                                                    So I will begin with gene editing. Sustainable agriculture and
                                                                                 food production require a range of innovative solutions, including
                                                                                 the latest precision plant breeding tools, like gene editing. These
                                                                                 tools allow plant breeders to develop better crops, in less time, with
                                                                                 more accuracy than other methods. And because our seed company
                                                                                 has a corn breeding program, we are greatly concerned with EPA’s
                                                                                 recent final rule on plant incorporated protectants. The EPA’s pre-
                                                                                 cautionary and process-based policy imposes non-risk-based regu-
                                                                                 latory hurdles for certain plant characteristics created using the
                                                                                 latest precision breeding tools.
                                                                                    And antitrust enforcement. Consolidation in agriculture, live-
                                                                                 stock, fertilizer, chemicals, and seed is reducing competition, and
                                                                                 we know that reduced competition leads to increased costs. The
                                                                                 United States Department of Agriculture, in March 2023, issued a
                                                                                 competition report that issued recommendations of being a voice for
                                                                                 farmers and plant breeders as well as interagency coordination to
                                                                                 promote fair competition.
                                                                                    And trucking, I could have gone on a while for trucking. The U.S.
                                                                                 Department of Transportation’s Federal Motor Carrier Safety Ad-
                                                                                 ministration Entry Level Driver Training final rule went into effect
                                                                                 in February of 2022. The additional coursework costs between
                                                                                 $1,000 and $4,000, depending on the course and the provider. This
                                                                                 is a really large investment for small businesses. Whenever you
                                                                                 add time and money it discourages people from actually getting
                                                                                 their CDL.
                                                                                    In addition to decreasing regulatory costs, one policy change that
                                                                                 can help address trucking shortages is lifting interstate weight lim-
                                                                                 its and making them uniform nationwide. Increasing interstate
                                                                                 weight limits would create added efficiencies to transporting goods.
                                                                                    During the 2023 session, the Iowa legislation passed a resolution
                                                                                 encouraging Congress to increase weight limits on interstate high-




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                                                                                 ways in Iowa. Iowa allows higher weight limits on our state high-
                                                                                 ways during the business times for agriculture. And because driv-




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                                                                                 ers can operate heavier loads on road that are under state jurisdic-
                                                                                 tion they often avoid interstates. If the interstate system allowed
                                                                                 heavier loads, truck drivers could take the most direct route, they
                                                                                 would save driving time, and reduce fuel usage.
                                                                                    And finally, electronic logging devices, or ELDs, are time-con-
                                                                                 suming and expensive for small businesses. It is especially chal-
                                                                                 lenging for businesses like ours that serve rural America. Elec-
                                                                                 tronics are prone to error, plus there are just a lot of areas in our
                                                                                 trade territory where we lose phone service and we cannot get sat-
                                                                                 ellite signals.
                                                                                    Another downfall is that these logs start clocking your time as
                                                                                 soon as the truck moves. So it is problematic for a company like
                                                                                 ours, like when we are trying to just load seed from a dock, because
                                                                                 it will begin to clock the time. And then we have had instances
                                                                                 where the driver forgot to log out, and then it made it look like the
                                                                                 truck was parked and he was there. Yeah, you can overcome those,
                                                                                 but it takes time and energy, and it just detracts from your day-
                                                                                 to-day business.
                                                                                    One solution for the overburdensome ELD regulations is to ex-
                                                                                 empt companies with five trucks or fewer. Another solution is to
                                                                                 just simply exempt anyone who carries 100 percent of their own
                                                                                 products. This solution offered for ELDs is an example of how one-
                                                                                 size regulations do not fit all businesses. Small businesses fre-
                                                                                 quently encounter challenges stemming from regulations that were
                                                                                 designed for larger enterprises. Examples include burdensome pa-
                                                                                 perwork, expensive compliance measures, and intricate reporting
                                                                                 requirements.
                                                                                    These issues all impede growth, discourage innovation, and often
                                                                                 lead to disproportionate costs that hinder small business success.
                                                                                 I encourage this Committee to consider the recommendations pre-
                                                                                 sented here.
                                                                                    The written document I submitted also includes comments that
                                                                                 I gathered from other small business owners throughout my dis-
                                                                                 trict and across the state. As a member of the Iowa House of Rep-
                                                                                 resentatives, I visit regularly with business owners, and it is my
                                                                                 honor to represent them.
                                                                                    Thank you for your attention. Together I know that we can help
                                                                                 Federal regulations become a catalyst rather than a hindrance for
                                                                                 small business success. And you know I would be happy to answer
                                                                                 questions.
                                                                                    [The prepared statement of Ms. Latham follows:]




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                                                                                                                                     41

                                                                                   Senator ERNST. Wonderful, and thank you Representative
                                                                                 Latham.
                                                                                   And Mrs. Green.

                                                                                  STATEMENT OF MEGAN GREEN, COUNSEL AND ENGINEERING
                                                                                        MANAGER, WEILER PRODUCTS, KNOXVILLE, IA
                                                                                    Ms. GREEN. Thank you. Good afternoon and thank you to Rank-
                                                                                 ing Member Ernst for inviting me to testify today. My name is
                                                                                 Megan Weiler Green and I am Counsel and Engineering Manager
                                                                                 for Weiler Products in Knoxville. We are a heavy equipment manu-
                                                                                 facturer. We do everything from design to taking raw steel all the
                                                                                 way to a finished product. We make heavy equipment, primarily for
                                                                                 the asphalt paving industry.
                                                                                    I am also a second-generation business owner. Our business was
                                                                                 started in 2000, with 4 employees and we have 615—or 618 or 620,
                                                                                 depending on the day—employees now. What started as a small
                                                                                 business in a 40,000-square-foot spec building is now 625,000
                                                                                 square feet under roof. Our equipment is sold into all 50 states and
                                                                                 15 countries.
                                                                                    We are the market leader because we listen to our customers. We
                                                                                 are proactive. We move quickly. We are innovative and find innova-
                                                                                 tive solutions. And we are hands on. These core values describe
                                                                                 many small businesses and many Iowa success stories. But they
                                                                                 are often at odds with government regulators and government reg-
                                                                                 ulations. Entire industries are born out of interpreting government
                                                                                 regulations for small businesses.
                                                                                    We know from our experience that every minute one of our em-
                                                                                 ployees spends trying to decipher new regulations, creating reports
                                                                                 to respond to regulations, purchasing new systems that add no
                                                                                 value to our organization other than compliance with a new regula-
                                                                                 tion is a minute taken away from what we do best: serve our cus-
                                                                                 tomers and design industry-leading equipment.
                                                                                    As we react to new regulations, small businesses are often left
                                                                                 wondering ‘‘who is this benefitting?’’ The purpose of regulations is
                                                                                 often nonobvious from the perspective of those who are asked to
                                                                                 comply. We have also seen several instances of regulations being
                                                                                 announced alongside the deadline for compliance. While we, as a
                                                                                 business, work diligently to decipher unreadable regulatory jargon,
                                                                                 announcements from the government are released days before that
                                                                                 compliance deadline hits, saying we are going to move that date
                                                                                 back. There is no recognition of the wasted time and duplicative ef-
                                                                                 fort that that puts on our business.
                                                                                    Similarly, our team works together to gather complicated reports
                                                                                 and data to respond to various mandatory surveys and government
                                                                                 requests for information. While the demand for this information is
                                                                                 firm, there is no discernible benefit to us, as a company, or expla-
                                                                                 nation as to how the collection of this information is moving the
                                                                                 greater good forward.
                                                                                    In business, we operate in cost/benefit analyses. In order to come
                                                                                 out with an accurate assessment, we need information that we can
                                                                                 rely on. When new regulations are announced, we are often in a




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                                                                                 position to ask ourselves: Does this apply to our business? What
                                                                                 does this mean for our business? Can I find anyone in this govern-




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                                                                                 ment agency who can answer my questions? And maybe most im-
                                                                                 portantly, what happens if I do this wrong?
                                                                                    When the rules are unknown, or the rules change in the middle
                                                                                 of the game, we cannot trust that we are making decisions in the
                                                                                 best interest of our customers and our employees.
                                                                                    Entrepreneurs and small business owners created their compa-
                                                                                 nies out of a passion for a product, a passion for serving customers,
                                                                                 or a passion for improving the status quo. No one starts their own
                                                                                 business out of a passion for the paperwork. Dedicating resources
                                                                                 to regulatory compliance makes it more difficult for small busi-
                                                                                 nesses to compete with large companies, who can depend on big
                                                                                 staff and healthy budgets dedicated to outside experts who can as-
                                                                                 sist with information gathering, compliance, and audits.
                                                                                    The bottom line is this: small businesses want to do the right
                                                                                 thing. The Senate Committee on Small Business and Entrepre-
                                                                                 neurship can assist by helping small businesses in the following
                                                                                 ways. Help small businesses understand regulatory requirements
                                                                                 and the why behind new regulations. Leverage data that is already
                                                                                 required, rather than creating new reporting requirements. Be
                                                                                 flexible on what the output looks like for small businesses. Provide
                                                                                 resources and access to people who can help navigate changing
                                                                                 rules.
                                                                                    We appreciate the attention that Senator Ernst and her office is
                                                                                 bringing to this issue, and I welcome any questions that you have
                                                                                 and appreciate your time.
                                                                                    [The prepared statement of Ms. Green follows:]




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                                                                                                                                     44

                                                                                    Senator ERNST. Thank you. Thank you, Megan, and a big thank-
                                                                                 you to all of you for being here today and serving as our witnesses.
                                                                                 It has been very informative testimony, and we appreciate your
                                                                                 unique perspectives on today’s hearing.
                                                                                    Mr. Clark, we will start with you, sir, and thank to you and your
                                                                                 staff for the great work that you do on behalf of our small busi-
                                                                                 nesses in Iowa and across the country. I also want to thank
                                                                                 Darcella Craven, who is the regional advocate serving Iowa and the
                                                                                 Midwest. Thank you for being here and for being a resource for
                                                                                 Iowans.
                                                                                    Mr. Clark, Federal agencies often improperly certify that a regu-
                                                                                 lation will not significantly impact small businesses to avoid the
                                                                                 Regulatory Flexibility Act, such as the EPA’s WOTUS rule. Can
                                                                                 you share why this happens and the significance of this issue for
                                                                                 our small businesses?
                                                                                    Mr. CLARK. Thank you for your question, and yes, I can give you
                                                                                 our insight as to why it may happen—well, not may happen. It
                                                                                 does happen in some of the situations.
                                                                                    One of the things—and I enjoyed the testimony from the other
                                                                                 two distinguished guests because everything that was said kind of
                                                                                 fit into what we look and see and do. But one of the things that
                                                                                 is missing in this equation, extensively, is adequate data on small
                                                                                 businesses. One of the things that we attempt to do when we
                                                                                 worked with agencies is to get agencies to understand, as this hear-
                                                                                 ing is talking about, one size does not fit all. So we want agencies
                                                                                 to be able to break down their small business data to better re-
                                                                                 spond to the types of small businesses that are being impacted, the
                                                                                 small business that is 1 to 5 member employees, or 10 member em-
                                                                                 ployees, or 20 members employees, because that analysis has a dif-
                                                                                 ferent impact on each one of those groups. So that is one of the
                                                                                 issues that goes on with this certification.
                                                                                    The other issue is with training. Executive order—I cannot re-
                                                                                 member the executive order. Gray hair makes me forget executive
                                                                                 orders. But there was an executive order that requires us to train
                                                                                 agencies on the compliance with the Regulatory Flexibility Act.
                                                                                 And we, in our RFA report, talk about the amount of training that
                                                                                 we have done. That training has been very instrumental, I think,
                                                                                 in getting some of these agents to better understand the signifi-
                                                                                 cance of why it is important to analyze small businesses. So we
                                                                                 have to do more training.
                                                                                    And I think the other part of it is really the overall just edu-
                                                                                 cation that goes on with this whole process. And that is, some of
                                                                                 the agencies simply think that they are not going to be called to
                                                                                 task in some of these situations. And what our office is designed
                                                                                 to do, by statute, is to bring this to their attention when they fail
                                                                                 to comply with these requirements.
                                                                                    Senator ERNST. And Mr. Clark, so when an agency then improp-
                                                                                 erly certifies a rule under the RFA, and you do bring it to their at-
                                                                                 tention, you are notifying them in a timely manner, what then hap-
                                                                                 pens if that agency just simply chooses to ignore you?
                                                                                    Mr. CLARK. Well, several things happen in that situation. First,
                                                                                 some of the agencies attempt to provide this certification when the




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                                                                                 rule is in its proposed stage. And when it is in that particular stage
                                                                                 one of the things that we bring out to them is that depending on




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                                                                                 what that rules is really saying and depending on how they have
                                                                                 provided the information we will bring out to them that they did
                                                                                 not provide an adequate, factual basis for this particular rule.
                                                                                    And in that regard, we will basically provide them with an alter-
                                                                                 native, and the alternative is to either provide a better factual
                                                                                 basis to comply with the certification requirement or to conduct
                                                                                 what is called an IRFA, an Initial Regulatory Flexibility Analysis,
                                                                                 which goes into a little more detail in terms of the impact of that
                                                                                 rule on small businesses. That IRFA looks at alternatives that the
                                                                                 agency could come up with, and so forth.
                                                                                    So in that regard, as a proposal, we are watching that process.
                                                                                 If that rule actually goes final one of the things that his required,
                                                                                 again, by another executive order, is that agency has to, in its final
                                                                                 regulation, specifically mention what Advocacy has shared with
                                                                                 them, told them about that process. And that then becomes—the
                                                                                 next level for that clearly is the basis for litigation once that rule
                                                                                 goes final.
                                                                                    Senator ERNST. Okay. So just bottom line up front then, an agen-
                                                                                 cy, they do not have to change the rule, even if presented alter-
                                                                                 natives by Advocacy. Would that be correct?
                                                                                    Mr. CLARK. They do not have to change the rule but they have
                                                                                 to provide a factual basis for that rule, such as we were talking
                                                                                 about with the trucking here. They are going to have to show how
                                                                                 that particular rule, what is the factual basis for that rule, how
                                                                                 that rule impacts small businesses so that in that proposal stage
                                                                                 that information can then be shared with the public for comment.
                                                                                 Because if that certification does not have that factual basis then
                                                                                 we are not able to get testimony from a Latham Seed or anyone
                                                                                 else in terms of the impact that regulation is having.
                                                                                    So the critical piece of that is the factual basis and then being
                                                                                 able to get public input as to the impact.
                                                                                    Senator ERNST. Right. And so you stated then that the organiza-
                                                                                 tions do have that right to judicial review of those improper certifi-
                                                                                 cations. You cannot bring the lawsuit until after the rule is final-
                                                                                 ized. And can you talk about why that is an issue and whether re-
                                                                                 view of the certification prior to the finalization could give small
                                                                                 entities some real relief?
                                                                                    Mr. CLARK. Well, the review prior to the certification would actu-
                                                                                 ally give small entities—we say small entities but we are really
                                                                                 saying small businesses—would really give small businesses the
                                                                                 opportunity to better dissect that rule in terms of impact. And it
                                                                                 would also give small businesses a better opportunity to propose al-
                                                                                 ternatives to what is being proposed.
                                                                                    I mean, for example, we just heard from dealing with trucking.
                                                                                 Would exempting small businesses from one to five employees be
                                                                                 better than just a blanket covering of that situation? So that is why
                                                                                 it becomes important to have that factual basis, and that is why
                                                                                 it becomes important for stakeholders, here today and across the
                                                                                 state of Iowa, to be able to provide us with comments so that we
                                                                                 can better challenge the agency in terms of what they are pro-
                                                                                 posing.
                                                                                    Senator ERNST. Very good. Thank you, sir.




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                                                                                    Representative Latham, thank you for joining us as well and the
                                                                                 great work that you do serving the 55th District of Iowa. And I




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                                                                                                                                     46

                                                                                 would like to start by asking you about the state-led efforts here
                                                                                 in Iowa to reduce the regulatory burden on small businesses.
                                                                                    So can you share what you think are the greatest success stories
                                                                                 and whether there are any lessons that I could take from your ex-
                                                                                 amples back to Washington?
                                                                                    Ms. LATHAM. Sure. I would be glad to share what I think are a
                                                                                 couple of our successes at the state level. Three examples of re-
                                                                                 cently passed legislation come to mind. One is updating the Iowa
                                                                                 code on youth employment, another one is realigning state govern-
                                                                                 ment, and then prohibiting local regulations on home-based busi-
                                                                                 nesses.
                                                                                    So when we were working on updating youth employment it was
                                                                                 not without controversy. But what we did is we just stuck to the
                                                                                 facts. We also made sure we listened to Iowans and small busi-
                                                                                 nesses who are living this day-to-day, and that is really what guid-
                                                                                 ed our decision-making. We believe that youth employment can
                                                                                 help. It is not going to totally solve the workforce crisis, but it is
                                                                                 certainly going to help, especially in businesses that need help at
                                                                                 night, on the evenings, weekends, and during the summer.
                                                                                    One of the things that was outdated—and I am smiling as I even
                                                                                 think about this—is why should teenagers in the workplace not be
                                                                                 able to use a microwave? I mean, that was one of the questions we
                                                                                 asked because they were prohibited from doing that. As someone
                                                                                 who grew up in a family restaurant and bar, there were times
                                                                                 when there were two of us working, and we were swamped, but I
                                                                                 could not help in ways like grabbing the alcoholic beverage off the
                                                                                 bar and taking it to a table I was already serving. She would have
                                                                                 to walk all the way around. That is a change that has been made.
                                                                                 If an adult is present, the parents approve it, you are in full sight,
                                                                                 why not let that 17-year-old just simply deliver the alcoholic bev-
                                                                                 erage.
                                                                                    The third one is why should teenagers not be able to work past
                                                                                 7 p.m.? That is the heart of the dinner rush hour. They were pro-
                                                                                 hibited from working past 7:00. As a mom of an athlete who played
                                                                                 four sports, I mean, I would have loved him to be home at 7 p.m.,
                                                                                 but there were times when games started after that and buses did
                                                                                 not get home until late. So why are we penalizing teenagers who
                                                                                 want to work?
                                                                                    So we removed those barriers while still keeping the require-
                                                                                 ments for safety and training and supervision in place. So that is
                                                                                 one.
                                                                                    Another one that I think is worth exploring is passing prohibi-
                                                                                 tions on local regulations. We did that for home-based businesses.
                                                                                 It pertained to requiring applications, permits, fees, zoning. Basi-
                                                                                 cally what it would do is allow startups to grow up a little bit be-
                                                                                 fore they had to comply with all of the regulations of a storefront
                                                                                 business.
                                                                                    The other thing that the realignment did that we passed this ses-
                                                                                 sion was really to simplify the regulatory process so now it is al-
                                                                                 most one-stop location from the Iowa Department of Inspection and
                                                                                 Appeals for licensing, building permits, safety. I think the more we




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                                                                                 can simplify processes for small businesses, the better. I mean, I
                                                                                 agree with Mrs. Green when she said small businesses really want




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                                                                                 to comply, so let’s not make it overly cumbersome, so we can help
                                                                                 them do the right thing.
                                                                                    And then I think I would also be remiss if I did not mention
                                                                                 childcare. It is a huge workforce issue. We know that there are peo-
                                                                                 ple who cannot go to work because they cannot find quality
                                                                                 childcare. And the last 3 years I have served in the Iowa legisla-
                                                                                 ture we have sent 11 childcare-related bills that the governor has
                                                                                 signed. Many of these came from her task force. I think whenever
                                                                                 people hear ‘‘task force’’ they think, oh, that is just somebody
                                                                                 checking the box, but really, there were recommendations that
                                                                                 were implemented that are making a difference.
                                                                                    And again, I truly believe that is just key to economic growth,
                                                                                 is helping get those highly skilled, highly qualified people back in
                                                                                 the workforce. So those are just a few of the highlights.
                                                                                    Senator ERNST. Wonderful. No, that is fabulous, and I am very
                                                                                 excited that our Iowa House and Senate and the Governor’s Office
                                                                                 have been able to find a way forward on these issues. And thank
                                                                                 you for mentioning, as well, childcare. We did just, in the recent
                                                                                 package that we put through, the Senate Small Business Com-
                                                                                 mittee did include a provision within that package for childcare, ex-
                                                                                 panding opportunities for childcare, and thanking Senator Jacky
                                                                                 Rosen for working me on that issue, and Senator Ben Cardin for
                                                                                 including that in this recently passed package.
                                                                                    We have some work to do with the House, but still great effort
                                                                                 moving forward. It is key to getting people back into a place of em-
                                                                                 ployment if they know that they have safe and low-cost childcare
                                                                                 available to them. So thank you.
                                                                                    Mrs. Green, for you. Again, thank you for being with us and for
                                                                                 sharing your story as well because it is really an incredible Iowa
                                                                                 success story, so thank you. Iowa is very, very lucky to have Weiler
                                                                                 Products in our state.
                                                                                    In your testimony you discussed the difficulty of trying to grow
                                                                                 a small business, manufacturing business, in a field with many,
                                                                                 many large competitors. So why do you believe it is hard for a com-
                                                                                 pany like Weiler to face the same regulations and costs as larger
                                                                                 manufacturers?
                                                                                    Ms. GREEN. Well thank you for the question. I think it really
                                                                                 comes down to resources. It is hours in the day. Workforce con-
                                                                                 tinues to be an issue for us. And even if we were fully staffed, we
                                                                                 want our employees to focus on what moves our company forward,
                                                                                 which is taking care of our customers.
                                                                                    I think what we are seeing in many government regulations is
                                                                                 uncertainty and things being passed that may never be imple-
                                                                                 mented or things being implemented that may later change. And
                                                                                 uncertainty is really expensive for businesses, in general, and it is
                                                                                 increasingly expensive for small businesses. And if you think about
                                                                                 even in your personal life, uncertainty is expensive, it is a distrac-
                                                                                 tion, and it takes our focus away from where it needs to be, which
                                                                                 is customers and innovation on the business front.
                                                                                    Senator ERNST. That is very good. I was doing a county visit ear-
                                                                                 lier today in Taylor County, and that was brought up by a number
                                                                                 of the farmers, the contractors, the state workers. It was at a con-




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                                                                                 servation project that had been done in some farmland. And they
                                                                                 mentioned just the changes in rules and regulations from one ad-




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                                                                                 ministration to the next, and that uncertainty, how it affects the
                                                                                 decision-making process of those that are investing in their farm-
                                                                                 land, in their businesses. That is a very, very good point.
                                                                                    Representative Latham, going off of Mrs. Green’s comments, I
                                                                                 am going to ask you to take off your legislative cap and focus on
                                                                                 your business cap and ask the same question as well. Can you
                                                                                 please talk about why it is so important to ensure regulations are
                                                                                 rightsized so that your family-owned seed business is not burdened
                                                                                 by the same costs as much larger companies in the grain industry?
                                                                                    Ms. LATHAM. Sure. So family-owned businesses like ours are op-
                                                                                 erating on much smaller margins, so regulations that might just be
                                                                                 considered maybe inconvenient for a larger competitor could essen-
                                                                                 tially shut down our business. It could put smaller businesses just
                                                                                 simply out of business.
                                                                                    You know, larger companies have resources that we do not have.
                                                                                 You know, we do not have anybody on staff with a legal back-
                                                                                 ground. We rely a lot on trade associations to help keep us abreast
                                                                                 of regulations. There are companies who cannot even, because of
                                                                                 the economy they are in today, cannot even afford to pay for those
                                                                                 associations. So they are trying to navigate through these regula-
                                                                                 tions, and it really does have that ripple effect. You wind up with
                                                                                 lower competition, increased costs.
                                                                                    And it does have a ripple effect on the small communities too.
                                                                                 Like I am just thinking at Latham Seeds we invest not only in our
                                                                                 people but I mentioned we market through farmer-dealer networks,
                                                                                 and those people are invested in their communities. They are the
                                                                                 ones that are helping support the local league, the prom, the what-
                                                                                 ever. So as you get larger competitors who are not located in those
                                                                                 communities, you have got out-of-state or out-of-country, they just
                                                                                 do not have that same commitment to community. And then, ulti-
                                                                                 mately, that affects the whole culture in the state of Iowa. We are
                                                                                 a state of many small businesses, many small communities. That
                                                                                 is really the backbone and the heart of who we really are, as
                                                                                 Iowans.
                                                                                    Senator ERNST. I really appreciate that context as well because
                                                                                 we do have so many visitors that are here from out of state. The
                                                                                 makeup of Iowa is large, in part, small, rural, Ag-based commu-
                                                                                 nities where those small businesses really do reinvest back into
                                                                                 their communities. You mentioned prom and things of that nature.
                                                                                 But yes, that is how our communities survive is by assisting one
                                                                                 another. So whether it is here in Iowa, whether it is in Maryland,
                                                                                 wherever it might happen to be, all of these little, small commu-
                                                                                 nities made up of small businesses and people reinvesting in the
                                                                                 livelihoods of others. So thank you for that perspective.
                                                                                    Mr. Clark, we will turn back to you. The Biden administration
                                                                                 recently changed how agencies calculate the costs and benefits of
                                                                                 their regulations. According to the Wall Street Journal article I ref-
                                                                                 erenced in my opening statement, those changes have given agen-
                                                                                 cies the ability to justify regulatory costs on Iowans by claiming the
                                                                                 rules could provide global benefits.
                                                                                    What are your thoughts on this change, and do you believe agen-




DMWilson on DSKJM0X7X2PROD with HEARINGS
                                                                                 cies should be required to consider indirect costs if they are going
                                                                                 to consider indirect benefits?




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                                                                                    Mr. CLARK. Madam Chair, I am not sure what global really
                                                                                 means in terms of small business because as you just said, small
                                                                                 businesses are really very localized. One of the things that we—as
                                                                                 I said earlier in my testimony, one of the things that we strive to
                                                                                 do is to provide and to solicit and to gain data on the various im-
                                                                                 pacts on small business. So changing the cost-benefit analysis, I am
                                                                                 not sure really deals with the essence of what happens with a regu-
                                                                                 lation in terms of its impact on small business.
                                                                                    We just heard from Representative Latham and Mrs. Green that
                                                                                 it is the margins. So when you start looking at cost-benefit anal-
                                                                                 ysis, and you are not able to break that analysis down into the de-
                                                                                 tail it has to be broken down into in terms of the small business
                                                                                 itself, it is hard to get a true cost-benefit analysis in terms of the
                                                                                 impact.
                                                                                    We had a regulation some years ago with the Department—not
                                                                                 some years ago but a few years back—Department of Defense on
                                                                                 what is called RFI, radio frequency, and the Department of Defense
                                                                                 did not want to do a cost-benefit analysis on small business. We
                                                                                 were able to get them to do one, and what we found was that the
                                                                                 small business that only had a contract with the Department of De-
                                                                                 fense for one or two items paid a great cost as opposed to that reg-
                                                                                 ulation than a business that had 10 or 15 contracts.
                                                                                    So it is very important, in Advocacy, when we look at this issue
                                                                                 that we look at it from the context of who is being impacted, what
                                                                                 size business is being impacted, and what are the margins, and
                                                                                 what are the other parameters that impact of that situation.
                                                                                    So when we go to whether it is direct or indirect, right now we
                                                                                 are primarily looking at direct costs. But there are arguments to
                                                                                 be made for looking at indirect costs. And the only situation that
                                                                                 really occurs with looking at indirect costs is how far down that
                                                                                 chain do you go to find the real impact, and continuing to go down
                                                                                 that chain may force a missing of the family seed farm and other
                                                                                 entities in that process.
                                                                                    So we need to be careful as to how far we go down that chain,
                                                                                 looking at indirect costs. But definitely look at direct costs and look
                                                                                 at some baseline for indirect costs makes a lot of sense, yes.
                                                                                    Senator ERNST. Thank you, and I had the same thoughts about
                                                                                 global benefits. I was not sure exactly what the definition of ‘‘global
                                                                                 benefit’’ was. Thank you.
                                                                                    Mr. CLARK. Well, I am not sure it relates to small business, and
                                                                                 that is our statutory authority, to look at small business.
                                                                                    Senator ERNST. Right. Thank you very much.
                                                                                    Mrs. Green, one important piece of the PROVE IT Act is that it
                                                                                 would ensure small businesses like Weiler can easily access agency
                                                                                 guidance documents and allow small businesses to comment on
                                                                                 these documents to seek clarification or suggest improvements. Can
                                                                                 you discuss your experience with guidance documents and whether
                                                                                 this provision would help you and other small businesses?
                                                                                    Ms. GREEN. I think the concept is wonderful, and if it is imple-
                                                                                 mented effectively it has great potential to be really useful. The
                                                                                 concerns that I would have are being sure that whoever the com-




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                                                                                 ments are going to have the ability to respond quickly to those
                                                                                 comments and that whoever is on the other end of responding to




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                                                                                 those comments has the authority to buy into whatever agency that
                                                                                 are responding on behalf of.
                                                                                    I have a law degree so I am the one who ends up, on behalf of
                                                                                 the company, calling a lot of these agencies, saying, ‘‘What does
                                                                                 this mean?’’ And a lot of times the agency, either they are not real-
                                                                                 ly sure or we have not really gotten there yet, or I am not sure how
                                                                                 that is going to apply to you yet. But all of the time when you call,
                                                                                 what I am about to tell you is just my interpretation, this is not
                                                                                 binding on this agency. I mean, if I were to answer a question to
                                                                                 my customer in that way, think about how that would go.
                                                                                    So I think that is just really important, that whatever advice we
                                                                                 are getting from that agency, we have to be able to rely on it, be-
                                                                                 cause again, that uncertainty is so expensive, so distracting, and
                                                                                 just makes it so difficult to run a business.
                                                                                    Senator ERNST. Okay. That is a very important point, Mrs.
                                                                                 Green. And you have the legal background. But when you are call-
                                                                                 ing an agency they will state that ‘‘This is just my interpretation.
                                                                                 It is not binding on the agency that I represent.’’
                                                                                    Ms. GREEN. Yes.
                                                                                    Senator ERNST. So again, why the call in the first place then, be-
                                                                                 cause it could change in the future. You may start to act on a rule
                                                                                 or regulation and not actually have that be the right interpretation
                                                                                 then.
                                                                                    Ms. GREEN. Correct. And again, we would not be calling if we
                                                                                 were not trying to do the right thing. We want to play by the rules,
                                                                                 but we have to understand what they are.
                                                                                    Senator ERNST. Okay. Very important point. Thank you.
                                                                                    And for all of our witnesses—and again, thank you so much for
                                                                                 this incredible testimony—I would like to finish today’s hearing by
                                                                                 asking one question to each of you, and we will start with Mr.
                                                                                 Clark and then we will go on down the table.
                                                                                    Mr. Clark, if you could leave one message for Federal regulators
                                                                                 about the importance of truly considering how their regulatory
                                                                                 costs hurt small businesses, what would it be?
                                                                                    Mr. CLARK. You are asking a lawyer to leave one message.
                                                                                    [Laughter.]
                                                                                    Mr. CLARK. Well, the message to the regulatory community has
                                                                                 to be that small businesses are the economic backbone of our na-
                                                                                 tion, and if we do not have small businesses then this global envi-
                                                                                 ronment that they are talking about does not exist. So we have to
                                                                                 find ways to ensure that our small businesses continue to survive,
                                                                                 but more so than continue to survive we have to find ways to en-
                                                                                 sure that they continue to grow and to expand and become
                                                                                 multigenerational businesses because that is where wealth is built
                                                                                 for many of our small businesses.
                                                                                    So from a regulatory standpoint, it is clearly what we have
                                                                                 pushed, and that is that one size does not fit all, that we must look
                                                                                 at a deeper dive, take a deeper dive into the impact of the regula-
                                                                                 tion on our small businesses.
                                                                                    Senator ERNST. Thank you so much. And one of my favorite
                                                                                 phrases, Mr. Clark, is ‘‘not just survive but thrive.’’ We really want
                                                                                 them to thrive. Thank you very much.




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                                                                                    And Representative Latham, the same question to you. What
                                                                                 would your message be?




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                                                                                    Ms. LATHAM. So if I could just leave them with one message it
                                                                                 would be just because you can does not mean you should. And as
                                                                                 a business owner, whenever we are starting a new project or some-
                                                                                 body proposes a new idea, my very first question is what is the ob-
                                                                                 jective?
                                                                                    So I think we need to ask, is it going to make it easier for small
                                                                                 businesses, less confusing, easier for compliance? Does it increase
                                                                                 safety? I think every regulation, every administrative rule should
                                                                                 really be scrutinized to make sure it is even needed or is it vitally
                                                                                 important.
                                                                                    Again, less is more. The smaller the code is, the fewer the regula-
                                                                                 tions, the more small businesses can thrive. Thank you.
                                                                                    Senator ERNST. Wonderful. Thank you, Representative Latham.
                                                                                    And Mrs. Green.
                                                                                    Ms. GREEN. I would echo both thoughts. I think regulators need
                                                                                 to take a step back and figure out what the end goal is, what is
                                                                                 the actual objective that they are trying to accomplish, and then
                                                                                 say is this actually moving the ball forward or are we regulating
                                                                                 for the sake of regulating. And then just to continue with my
                                                                                 theme of anything that we can do to reduce uncertainty and make
                                                                                 it easier to run a business for the long term I think will be very
                                                                                 effective.
                                                                                    Senator ERNST. Wonderful. Thank you. Once again, thanks to all
                                                                                 of you for joining us today, and a special thank you to our wit-
                                                                                 nesses for their enlightening testimony.
                                                                                    Before we conclude the hearing I would like to add to the record
                                                                                 the following: an op-ed from John Sorensen, President and CEO of
                                                                                 the Iowa Bankers Association, who published in the Des Moines
                                                                                 Register. Thank you for that very much. We are very lucky to have
                                                                                 you with us today. And also a statement from the U.S. Chamber
                                                                                 of Commerce, who I am thankful has sent Tom Sullivan, the
                                                                                 Chamber’s Vice President for Small Business Policy, to join us
                                                                                 today. As well, a letter from Alfredo Ortiz, the President and CEO
                                                                                 of the Job Creators Network, who we are also lucky to have join
                                                                                 us today. Thank you, Mr. Ortiz. And then a statement from the
                                                                                 National Federation of Independent Businesses; a letter from Dr.
                                                                                 James Berlau, a senior fellow and regulatory economist with the
                                                                                 Competitive Enterprise Institute; a letter from Daniel Goldbeck,
                                                                                 the Director of Regulatory Policy at the American Action Forum;
                                                                                 and a statement from Karen Kerrigan at the Small Business and
                                                                                 Entrepreneurship Council.
                                                                                    [The information follows:]
                                                                                    Senator ERNST. And with that today’s hearing has concluded. I
                                                                                 want to thank everyone for joining us today.
                                                                                    [Whereupon, at 1:57 p.m., the hearing was adjourned.]




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                                                                                                                                                                             Insert offset folio 100 here 53543.051


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00072   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     69




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 101 here 53543.052


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00073   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     70




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 105 here 53543.056


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00074   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     71




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 106 here 53543.057


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00075   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     72




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 107 here 53543.058


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00076   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     73




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 108 here 53543.059


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00077   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     74




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 109 here 53543.060


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00078   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     75




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 110 here 53543.061


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00079   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     76




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 111 here 53543.062


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00080   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     77




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 112 here 53543.063


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00081   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     78




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 113 here 53543.064


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00082   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     79




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 114 here 53543.065


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00083   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     80




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 115 here 53543.066


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00084   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     81




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 116 here 53543.067


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00085   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     82




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 117 here 53543.068


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00086   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     83




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 118 here 53543.069


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00087   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     84




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 119 here 53543.070


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00088   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     85




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 120 here 53543.071


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00089   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     86




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 121 here 53543.072


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00090   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     87




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 122 here 53543.073


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00091   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     88




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 123 here 53543.074


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00092   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     89




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 124 here 53543.075


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00093   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     90




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 125 here 53543.076


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00094   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     91




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 126 here 53543.077


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00095   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     92




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 127 here 53543.078


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00096   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     93




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 128 here 53543.079


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00097   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     94




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 129 here 53543.080


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00098   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     95




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 130 here 53543.081


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00099   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     96




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 131 here 53543.082


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00100   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     97




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 132 here 53543.083


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00101   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     98




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 133 here 53543.084


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00102   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                     99




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                             Insert offset folio 134 here 53543.085


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00103   Fmt 6633    Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 100




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 135 here 53543.086


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00104   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 101




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 136 here 53543.087


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00105   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 102




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 137 here 53543.088


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00106   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 103




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 138 here 53543.089


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00107   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 104




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 139 here 53543.090


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00108   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 105




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 140 here 53543.091


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00109   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 106




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 141 here 53543.092


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00110   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 107




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 142 here 53543.093


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00111   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 108




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 143 here 53543.094


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00112   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 109




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 144 here 53543.095


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00113   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 110




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 145 here 53543.096


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00114   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 111




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 146 here 53543.097


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00115   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 112




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 147 here 53543.098


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00116   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 113




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 148 here 53543.099


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00117   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 114




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 149 here 53543.100


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00118   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 115




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 150 here 53543.101


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00119   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 116




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 151 here 53543.102


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00120   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 117




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 152 here 53543.103


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00121   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 118




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 153 here 53543.104


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00122   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 119




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 154 here 53543.105


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00123   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 120




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 155 here 53543.106


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00124   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 121




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 156 here 53543.107


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00125   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 122




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 157 here 53543.108


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00126   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 123




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 158 here 53543.109


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00127   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 124




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 159 here 53543.110


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00128   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 125




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 160 here 53543.111


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00129   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 126




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 161 here 53543.112


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00130   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 127




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 162 here 53543.113


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00131   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 128




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 163 here 53543.114


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00132   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 129




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 164 here 53543.115


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00133   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 130




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 165 here 53543.116


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00134   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 131




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 166 here 53543.117


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00135   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 132




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 167 here 53543.118


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00136   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 133




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 168 here 53543.119


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00137   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 134




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 169 here 53543.120


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00138   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 135




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 170 here 53543.121


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00139   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 136




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 171 here 53543.122


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00140   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 137




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 172 here 53543.123


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00141   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 138




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 173 here 53543.124


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00142   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 139




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 174 here 53543.125


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00143   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 140




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 175 here 53543.126


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00144   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 141




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 176 here 53543.127


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00145   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 142




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 177 here 53543.128


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00146   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 143




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 178 here 53543.129


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00147   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 144




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 179 here 53543.130


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00148   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 145




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 180 here 53543.131


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00149   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 146




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 181 here 53543.132


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00150   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 147




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 182 here 53543.133


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00151   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 148




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 183 here 53543.134


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00152   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 149




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 184 here 53543.135


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00153   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 150




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 185 here 53543.136


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00154   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 151




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 186 here 53543.137


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00155   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 152




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 187 here 53543.138


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00156   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 153




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 188 here 53543.139


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00157   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 154




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 189 here 53543.140


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00158   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 155




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 190 here 53543.141


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00159   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 156




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 191 here 53543.142


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00160   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 157




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 192 here 53543.143


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00161   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 158




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 193 here 53543.144


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00162   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 159




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 194 here 53543.145


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00163   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 160




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 195 here 53543.146


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00164   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 161




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 196 here 53543.147


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00165   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 162




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 197 here 53543.148


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00166   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 163




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 102 here 53543.053


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00167   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 164




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 103 here 53543.054


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00168   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543
                                                                                                                                 165




DMWilson on DSKJM0X7X2PROD with HEARINGS

                                                                                                                                                                            Insert offset folio 104 here 53543.055


                                           VerDate Sep 11 2014   04:35 Oct 26, 2024   Jkt 053543   PO 00000   Frm 00169   Fmt 6633   Sfmt 6602   E:\HR\OC\A543.XXX   A543


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