Providing relief for smaller financial institutions

Idaho Politics Weekly
Senator Mike Crapo
March 25, 2018

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.

For years, senators on both sides of the aisle have been working to find consensus on how we can provide relief for smaller financial institutions from regulations that were meant for the biggest, most complex institutions, while also ensuring a safe financial system.

Financial institutions—of all sizes and forms—provide critical services in our communities.  They help businesses manage operations, help entrepreneurs get funding to start their businesses, help families buy a home, help all of us save for our kids’ educations, and help us deal with financial emergencies.

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