On the recordMarch 22, 2023
Today I rise to defend our community banks. For decades, we have had leftwing, out-of-control Federal administrations that have been hammering on our community banks to put them out of business. You take Sarbanes-Oxley, Dodd-Frank, or the Federal agencies who have been regulating and regulating these small community banks to the point where they either have to sell, close up, or worst, being taken over. You see, these community banks, they are the lifeblood of small businesses, and small businesses, they are the backbone to this economy. These community banks, they are a part of our community. They are out there in your civic and social organizations leading. Their kids go to school with your kids. They are out there on the ball fields helping coach. They are even going to church with you on Sunday. You see, they have a vital interest in seeing the community succeed. That way they succeed. Yet, now we have this extra-woke, leftwing administration that has decided to pick winners and losers and take a different tactic. The tactic they are taking now is to try to scare the consumer to where they will take their deposits from the community bank and move it over to one of the big banks, to where they can achieve that Big Government, be all, end all for every need and everything you ever need, and that is not America. As a matter of fact, Mr. Speaker, I wouldn't be standing here, and I wouldn't be where I am today, if it weren't for my community bank.…
Source
govinfo.gov




