mr. luetkemeyer: i recognize the gentleman mr. meuser. mr. meuser: i would like to thank chairwoman velazquez and ranking member luetkemeyer for advancing this bill to the floor. i would like to thank my colleague, congressman dean phillips, for working together on this important legislation. the 7-a loan program is considered the flagship program of the s.b.a. as an important tool for helping small firms gain access to capital. unfortunately the s.b.a.'s office of inspector general highlighted a need for improved oversight of the #-a loan agents due to increased risk of fraud associated with these agents. to ensure that congress can properly address these issues we must have the information necessary to determine how to mitigate these risks. without accurate information we cannot perform the proper oversight needed to safeguard and protect american taxpayer dollars my bill will ensure that congress receives the data it needs to conduct proper oversight of the 746a loan program by requiring the s.b.a. to develop and publish a risk analysis for

mr. luetkemeyer of missouri, i inform the house that mr. luetkemeyer votes no on h.r. 3684. as the member designated by mr. barr of kentucky, i inform the house that mr. barr will vote no on h.r. 3684. as the member designated by mr. reed of new york, i inform the house that mr. reed will vote aye on h.r. 3684. the speaker pro tempore: for what purpose does the gentlewoman from north carolina seek recognition? >> as the member designated by ms. newman, pursuant to house resolution 8, i inform the house that ms. newman will vote nay on the motion to concur. the speaker pro tempore: for what purpose does the gentleman from michigan seek recognition? >> as the member designated by mr. gonzalez of ohio, i inform the house that mr. gonzalez will vote yes on the senate amendment to h.r. 3684. the speaker pro tempore: for what purpose the gentlewoman from new york seek recognition? >> as the member designated by mr. deutch of florida, i inform the house that mr. deutch will vote yes on the motion to concur. the speaker pro tempore: for what purpose

mr. luetkemeyer. that's where all the jobs are created in this country and for the life of me on the heels of a horrible third quarter g.d.p. numbers, i don't know why the biden administration wants to put new taxes on small businesses. the g.d.p. numbers for the third quarter were far short of what economists predicted and biden's plan to build back better is a $400 billion tax hike on creating small businesses and the bulk comes from the expansion of the 3.8% net investment income tax that is going to hit active income for these pass-through business owners. democrats want to expand this to investment income of individuals actively involved in l.l.c.'s s-corporations, those small mom-and-pop businesses in our country. they are pushing a tax hike on american businesses that will be a gift to china, russia, japan europe and better to be a foreign company than an american one. these will kill american jobs and destroy small businesses as they struggle to recover from the pandemic. as if this wasn't bad

mr. luetkemeyer said. as long as a company can stand up and say i will be net zero by 2025, and their auditor has no way of knowing what that means, we have to guess, and i'm delighted to see starting to put some boundaries around what those rules are. the third one is one that i'm not sure if this is something for your jurisdiction or others, but it's a broader question of financial market stability. our financial structures where these happen, we're looking at huge cash flows, and as -- and we have a bill separately which is really more directed at treasury to figure out how to sort of calculate that and monetize it. but one of the pieces, as we have dug into this, is i haven't been able to get a good answer, is figuring out what the monetary flows are going to be is the easy question. figuring out the capital structure of flows is really hard. so if i know that a certain company is going to be a huge loss of value, but i don't know how much of the capital structure is debt, junior debt, equities, and tr

mr. luetkemeyer of missouri, i inform the house that mr. luetkemeyer will vote no on the question of consideration. as the member designated by mr. barr of kentucky, i inform the house that mr. barr will vote no on the question of consideration. the speaker pro tempore: for what purpose does the gentleman from florida rise? >> madam speaker, as the member designated by mr. steube of florida, pursuant to house resolution 8, i inform the house that mr. steube will vote no on the question of consideration. as the member designated by mr. walz of florida, i inform the house that mr. walz will vote no on the question of consideration. as the member designated by ms. salazar of florida, i inform the house that ms. salazar will vote no on the question. as the member designated by mrs. boebert of colorado, i inform the house that mrs. boebert will vote no on the question of conversation. the speaker pro tempore: for what purpose does the gentlelady from west virginia rise? >> as the member designated by mrs. lesko of arizona, i inform the house that