On the recordJune 8, 2017
I am very proud to stand with Chairman Hensarling today and offer my support for H.R. 10, the Financial CHOICE Act of 2017. This bill offers a responsible approach to financial regulation that will protect consumers and allow the American economy to flourish. The Financial CHOICE Act makes meaningful reforms that ensure transparency, restore a rule of law, and help consumers and small businesses gain access to the credit they need to move forward towards financial independence, be the entrepreneurs they are, and be able to realize their dreams. Mr. Chairman, we lose one community bank or credit union a day, as the chairman just mentioned, every day. These are the institutions that lend to families and small businesses across America. These institutions are the backbone of each of our communities and something that must be done to reverse this dangerous trend of consolidation and closure. There has been a considerable amount of discussion on both sides of the aisle on the need to help community financial institutions. The legislation we will consider today provides every Member of Congress the opportunity to cast a vote in favor of responsible regulatory relief for credit unions and community banks across the Nation. The Financial CHOICE Act will increase access to credit for consumers by easing rules and regulations that never should have been applied to smaller financial institutions in the first place. H.R.…
