Political Quotes

“Mr. Chairman, I rise today in support of the Financial CHOICE Act, a bill that will provide the much-needed relief from the harmful, complex, and excessive regulatory environment created by the Dodd-Frank Act. In the 7 years since the passage of the Dodd-Frank Act, our Nation has suffered from anemic economic growth, increasingly limited financial choices for consumers, and an unprecedented level of job- killing regulations. All the while, big banks have grown larger, and small banks and credit unions have suffered. In fact, community banks are closing at the rate of one per day. Many of my constituents in small and rural towns in the Tampa Bay area rely heavily on their community banks for financial services. When those banks are forced to close their doors or raise their fees due to excessive regulation, my constituents lose access to essential services and opportunities. Simply put, Dodd-Frank has failed. The Financial CHOICE Act represents an alternative and effective approach to financial regulation, which will protect taxpayers and bank bailouts, empower investors, and hold government bureaucracies accountable. This legislation makes it easier for hardworking Americans to save and invest for retirement, college, and their future. It will also increase access to and reduce the cost of credit for families that want to purchase a home or start a business.…”