Thank you.
You mentioned CFIB. I know that prior to the pandemic, CFIB data indicated that almost three-quarters of business owners are planning to exit their business within the next 10 years—you mentioned that—and that represents $1.5-trillion worth of assets that are going to be transferred to a new generation of entrepreneurs. Of small business owners planning to exit their business, apparently almost half want to have their children take over.
How will your bill encourage the sale of family businesses to family members?