Whether it is asking banks to report account information from their customers to the IRS, or being forced to comply with a 900-page rule coming out of the CFPB on reporting small business loan information, these actions will force banks to divert significant amounts of resources.
Williams highlights the resource strain on banks due to new compliance requirements.
Share
More from Roger Williams
I rise today to recognize Stephenville High School, which I am honored to represent in the United States Congress. On February 9, the National Football Foundation named Stephenville High School the national winner of the Hatchell Cup…
Small businesses do not have the resource to hire compliance officers, lawyers, or lobbyists to ensure that they understand and have their voices heard.
I urge my colleagues to support this commonsense legislation, and I yield back the balance of my time. The SPEAKER pro tempore. The question is on the motion offered by the gentleman from Texas (Mr. Williams) that the House suspend the…
These 700 regulations have placed over $440 billion, that is with a B, over $440 billion on the small businesses of America.
Other voices in this conversation
