Political Quotes

“Madam Speaker, let me thank my friend from Massachusetts for his passion on this. I spent the better part of half of my career in community banking, and I know the consolidation, how it has impacted, particularly, rural counties that no longer have a banking office. And I also know how the regulatory burden has raised the immense costs of trying to form a new de novo banking corporation. It is just putting it out of reach of many, many groups of civic leaders, entrepreneurs, local people and, certainly, those trying to form a minority depository institution, or a CDFI. So I commend my friend from Massachusetts for his work on this bill. It does have bipartisan support. I urge my colleagues to support it. In conclusion, Madam Speaker, I include in the Record a letter to the Speaker and the minority leader, in addition to the chair and ranking member of the House Financial Services Committee from the Independent Community Bankers of America expressing their full support of H.R. 4590. Independent Community Bankers of America, July 26, 2022. Re Support for the Promoting New and Diverse Depository Institutions Act (H.R. 4590). Hon. Nancy Pelosi, Speaker, House of Representatives, Washington, DC. Hon. Maxine Waters, Chairwoman, Committee on Financial Services, House of Representatives, Washington, DC. Hon. Kevin McCarthy, Minority Leader, House of Representatives, Washington, DC. Hon.…”