Banks and credit unions don’t always agree on much, but they agree on this: Sen. Jon Tester stood up for Montana’s communities, and their small banks and credit unions, when he helped author a bipartisan bill to provide regulatory relief to certain financial institutions.
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As chairman of the Senate Banking Committee, I regularly hear from community banks and credit unions, especially those in Idaho, about how they have struggled to keep up with the ever-increasing regulation coming out of Washington.
U.S. House should pass bill to help small financial institutions. The U.S. Senate recently voted to support a bill that will strengthen our community, and now Ohio’s smaller financial institutions need the U.S. House of Representatives to see it to final victory.
As you might have heard, the U.S. Senate recently passed a bipartisan financial regulatory relief bill, S. 2155. We are pleased to say the bill received the support of Michigan’s two U.S. Senators — Gary Peters and Debbie Stabenow. This legislation will provide much needed and long overdue relief to credit unions and small community banks.
The U.S. Senate recently voted to support a bill that will strengthen our community, and now Ohio’s smaller financial institutions need the U.S. House of Representatives to see it to final victory. The Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155) is a bipartisan, common-sense approach to lawmaking that we haven’t seen in quite some time from Washington, D.C.