Press Releases

(Washington, D.C.) – Congressman Larry Bucshon, M.D. (IN-08) released the following statement after voting in favor of the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155), sending it to President Trump’s desk for signature into law:

“It is clear, a one-size-fits-all approach to regulate big banks on Wall Street was the wrong answer for community financial institutions on Main Street. Burdensome and costly regulations have had a devastating effect on countless small community banks and credit unions, hindering the ability of community financial institutions to serve their customers and provide much needed access to capital and basic financial services. American families and businesses have limited access to credit and cannot achieve their version of the American dream, whether that is buying a home, sending a child to college, or investing in starting or growing a business.  As a result, our economy isn’t performing at its full potential.

“The Economic Growth, Regulatory Relief, and Consumer Protection Act will help realize the full potential of our economic growth. It is the most significant pro-growth roll back of red-tape impacting community financial institutions in a generation, clearing away burdensome regulations and rules that prevent companies from accessing affordable credit to grow and create more and better jobs. For many communities, local financial institutions are the lifeblood of small businesses and consumer capital. The success of these institutions is indicative of the economic growth of the nation.”