Financial Services issues affect us all and how they are dealt with is important to my work in Congress.
Prior to being elected to Congress, I worked in community banking for seven years. I am a firm believer that less government regulation is better, especially when it comes to the economy. I have been, and will continue to be, an advocate for free market principles. I oppose legislation such as the Dodd-Frank Act, which increased the federal government’s involvement in financial institutions. I supported the most recent Dodd-Frank reform bill which was signed into law in May.
I am confident that this recent rollback of the destructive Obama-era Dodd-Frank regulations will prove beneficial to community banks, credit unions, and their customers. Dodd-Frank had a damaging impact on community banking and helped contribute to massive consolidation in the industry from big Wall Street banks. The ability to have a neighborhood money lender that understands the needs of the community they serve is very important, and I am hopeful that this new law will help reverse some very negative trends in the industry.
For more information concerning my work and views on Financial Services issues, please contact my Washington, DC office.
I look forward to your feedback.