What Washington Is Saying

“Our local banks and credit unions play an important role in helping our businesses thrive and our communities grow. Local financial institutions help families buy a home, start a new business or save for the future. As a member of the Senate Committee on Banking, Housing and Urban Affairs, one of my priorities has been to relieve community banks and credit unions from the unnecessary regulatory burdens imposed on them. I recently joined a bipartisan group of Banking Committee members to introduce a bill that would improve our nation’s financial regulatory framework and promote a healthy economy.”

“There are places where we should do targeted changes in laws and regulations to make sure community banks don’t have to endure regulations…for problems like disrupting the entire U.S. economy when they really don’t pose that kind of threat.”

“We can’t allow our hometown credit unions and community banks to become consumed by expensive, time-consuming red tape designed for financial institutions that dwarf them in size. When that happens, North Dakota families purchasing their first homes, small businesses working to expand, and ranchers and farmers planning for the future aren’t able to count on the relationship-based lending they have trusted for generations. That’s unacceptable – and it’s why I’ve offered a host of bills to help get small, local banks back to the business of relationship lending so they have continued to enable our families and businesses.”