Mr. President, today I wish to speak on the importance of helping our community banks and credit unions. These institutions are on the ground daily helping our families and small businesses. They deserve recognition. They also deserve our careful consideration of regulatory adjustments that will help them continue their work. Let me be clear: There are parts of S. 2155 I disagree with, as do many of my colleagues, but what I think that we can all agree on is the good works that our local credit unions and banks do for our communities. Community banks and credit unions anchor our towns, helping our workers and businesses. These institutions provide more than just savings and checking services. Many provide credit counseling and financial management. They help individuals save for education or for a financially secure retirement. They provide the mortgage loans that make homeownership a realistic goal for many families. They get to know our small businesses and provide them with much-needed financial support. Most importantly, they do so in a way that is tailored to their communities. I would like to emphasize the role that community banks and credit unions play with respect to small businesses especially. We talk a lot about Main Street businesses in this body. As the ranking member of the Small Business Committee, I am keenly aware of the need to provide our small businesses with adequate resources and support, including through access to capital.…
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