Freshman Rep. Kerry Bentivolio (R-Mich.) said during a business roundtable on Tuesday that he hopes to bring an end to the controversial 2010 Dodd-Frank Act.
“This is now a nation of regulations, not laws,” Bentivolio said, according to Observer & Eccentric. “We don’t need 80,000 pages of regulations.”
Bentivolio said that he has been in discussions with Rep. Joe Kennedy (D-Mass.) to craft legislation to “fix” Dodd-Frank, which enacted one of the largest financial reforms in history.
While many Republicans have called to eliminate the controversial law, most GOP legislators said that while the law will likely remain in place, technical changes to the legislation should be made.
During the roundtable discussion, Bentivolio, who signed Grover Norquist’s No Tax Pledge and is endorsed by the Tea Party, heard concerns from business owners related to the ability of consumers to shop at online retailers without paying sales tax.
“It’s about fairness,” John Heiney, the executive director of the Birmingham Principal Shopping District, said, Observer & Eccentric reports. “It’s an equity issue.”
Other participants voiced concern about the proposal to raise the minimum wage and the potential impact of Obamacare on small businesses.
Bentivolio also said that he would support an amendment to freeze the national healthcare initiative.