On the recordMarch 13, 2018
Mr. President, I am here to discuss the merits of S. 2155, a bill that I have been working on since coming to the Senate in 2013. It is a bill that addresses the concerns of rural financial institutions, particularly those in our rural communities. It is a bill that was drafted to address access to capital concerns and the consolidation of small banks in areas where I live, which is in the State of North Dakota. It is a bill that I am incredibly proud of. I know that there have been a lot of statements made about this bill in the last week, and I am here to set a lot of those straight. Before I start, I wish to talk about what it is like in rural communities where I grew up. I find it interesting when I hear that this bill is about Wall Street banks and big bank bailouts. The last time I checked, Lincoln State Bank, which is my small community bank in the community where I went to high school, in Hankinson, ND, is not on the Fortune 500. It is not on the Fortune 100. It is a small community bank that has been operating and has been available to consumers in my community to help them achieve their family goals, achieve their farming goals, and achieve their needs for capital going forward. I don't recognize the bill that is being debated here in the U.S. Senate because it is not the bill that has been written, and it is not the bill that is hopefully going to pass the Senate.…





