VIDEO: Dodd-Frank Act Will Require 10.2M Man Hours to Execute, Say House Republicans

By PYMNTS | October 28, 2011

October 26, 2011

Courtesy of GOPFinancialServices YouTube page: The Empire State Building took 7 million man hours to build. 225,000 Toyota Camrys (just 63% of US production last year) take 6.3 million man hours to build. Every iPhone ever sold (146 million) took only 5.5 million man hours to build.

For perspective, the 2,300 pages of new rules and regulations from the Dodd-Frank Act will require 10.2 million man hours in compliance time on American job creators.

The simple truth is over-regulation steals time from American innovation, and equally as important, it steals jobs from American workers.

Learn more about how over-regulation is holding our economy back by visiting:
http://financialservices.house.gov/
or
https://www.facebook.com/GOPFinancialServices

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