Mr. Speaker, I rise in strong support of the bipartisan Economic Growth, Regulatory Relief, and Consumer Protection Act. This groundbreaking legislation is vital to rural communities like mine, where my constituents are actually struggling every day to make ends meet. This bill allows greater access to capital for consumers and small businesses that will unleash more opportunities for Main Street to flourish, finally. However, in order for Main Street to truly produce, we must ensure our community financial institutions are healthy, safe, and not overburdened to the point of closure. In my district in New York, small banks and credit unions are the lifeline for consumers who seek access to capital. Whether it is a family buying their first home or a young adult purchasing a new car, consumers in New York rely heavily on our Nation's community financial institutions. I am grateful to have two pieces of bipartisan legislation that promote relationship banking and regulatory relief that are included in this bill package today. Two of my bipartisan bills included in this package are the Small Bank Exam Cycle Improvement Act and the Community Institution Mortgage Relief Act which offer small, local communities and financial institutions a little much-needed assistance to help better serve their communities.…
On the recordMay 22, 2018
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