“Why are we creating another federal agency with unprecedented control over financial products, with a huge bankroll, and with almost no Congressional oversight?” asked Westmoreland. “The answer to problems within our private, financial industry is not more and more government regulations. ‘The government is here to help you’ – that’s what we keep telling people. Little do they know that help is going to hurt more than it actually helps.”

During the hearing, Westmoreland was able to discuss his own story with Professor Warren regarding his company, L.A.W. Builders. As a small business owner in Georgia, Congressman Westmoreland has experience first-hand how overly burdensome federal regulations can hamper economic growth.