On the recordMay 20, 2025
Mr. Speaker, as to our Democratic colleagues' concern that this legislation and allowing for healthy mergers to happen in the banking sector would somehow diminish financial services or that customer service would somehow be lost, it is actually the opposite. When you have healthy mergers among, especially, community banks or a small regional bank acquiring a community bank, that allows them to add scale. That allows them to invest in the very technology that provides the customers with better services, with better, more innovative financial services and products. Far from losing customer service, this is a way for smaller institutions, regional banks, to come together into combinations, invest in more technology, to lower costs, to help those customers to increase access to financial services in ways that they can better compete with the megabanks.
Source
govinfo.gov
