On the recordApril 14, 2016
I thank Chairman Hensarling for his support of this bill. Mr. Speaker, economic freedom and personal freedom run hand in hand. In order to enjoy our personal freedom, Americans need access to credit as individuals, on behalf of their families, and in their businesses. That is why I am so proud to have introduced this bill. H.R. 3791 is a very simple bill to help small banks and savings and loan companies get access to the capital they need so as to make credit available in their communities. These small banking institutions are critical to the people and the communities in which they reside. They support the credit needs of families, of small businesses, of farmers, and of entrepreneurs. A community bank is often the principal lending source for many people whether they are purchasing a home, starting a new business, or purchasing a vehicle. In many counties around the Nation, a community bank is the only banking presence that residents have. When these community banking institutions are overwhelmed with regulations and mandates, many of which are meant for larger institutions, it is the hardworking middle-income and low-income families in those communities who suffer the most. Mr. Speaker, it is about people. Community banks give people the credit they need to pursue their dreams--to buy a home, to start a business. In fact, proximity to a community bank increases the chances that new small businesses will be approved for loans and will have the chance to succeed.…
