On the recordMay 22, 2018
I thank the gentleman for yielding. Madam Speaker, today, I rise in support of S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act. This pro-growth package provides the desperately needed regulatory relief to our community financial institutions while providing consumers with greater options for accessing credit. For too long, we have seen many of the onerous regulatory burdens restrict banks and credit unions from serving the needs of their communities. After 8 years of failed economic policies, which led to the slowest, weakest recovery in the modern era, the economy is finally starting to take off, and consumer optimism is increasing each and every day each. As a member of the House Financial Services Committee, we remain committed to passing legislation designed to roll back some of the most burdensome provisions found in the Dodd-Frank Act. This legislation was intended to rein in large financial institutions, while harming our local community banks and credit unions. These increased regulations created a higher cost of business and diminished credit availability. The SPEAKER pro tempore (Mr. Palmer). The time of the gentleman has expired.
