Coverage right here on cspan. The speaker pro tempore the house will be in order. The chair lays before the house a communication from the speaker. The clerk the speakers room, 24, ngton, d. C. , september 2020. I hereby appoint the honorable cuellar to act as speaker pro tempore on this day. Ofned, nancy pelosi, speaker the house of representatives. The speaker pro tempore order of thehe house of january 7, 2020, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate. The chair will alternate recognition between the parties. With time equally allocated each n the parties and member other than the majority and minority leaders and minority whip limited to five minutes. But in no event shall debate continue beyond 10 50 a. M. Chair now recognizes the gentleman from south carolina, mr. Cunningham, for five minutes. Mr. Cunningham thank you, mr. Speaker. Rise today to honor the life of amare. Amare was only 16 years young wis
Family farm. The big banks dont Pay Attention to that, only Community Banks do. A couple years later with the help of these kinds of loans from these local banks, these socalled pipe dreams in these small towns and Rural Counties become successful businesses. They become job creators. These are the ultimate Success Stories that our communities in america are built upon. This is why the financial choice act is so important. It helps Community Banks and the Small Business that is absolutely depend on them, it helps them thrive. It protects consumers by increasing accountability and transparency over the wider financial sector. And it also repeals too big to fail. The rules codified by doddfrank that have left taxpayers on the hook for too long. Ultimately the financial choice act is a jobs bill. It is one that will bring hope back to main street. It is easy to talk about the economy and regular regulations as series of numbers. It is easy to talk in vague terms about job creators and Sma
Family farm. The big banks dont Pay Attention to that, only Community Banks do. A couple years later with the help of these kinds of loans from these local banks, these socalled pipe dreams in these small towns and Rural Counties become successful businesses. They become job creators. These are the ultimate Success Stories that our communities in america are built upon. This is why the financial choice act is so important. It helps Community Banks and the Small Business that is absolutely depend on them, it helps them thrive. It protects consumers by increasing accountability and transparency over the wider financial sector. And it also repeals too big to fail. The rules codified by doddfrank that have left taxpayers on the hook for too long. Ultimately the financial choice act is a jobs bill. It is one that will bring hope back to main street. It is easy to talk about the economy and regular regulations as series of numbers. It is easy to talk in vague terms about job creators and Sma
Well show you that debate with comments from house speaker, paul ryan. Small businesses are struggling. Invest, or get the loans need to get ohe ground. Families looking to keep their money safe are hit with fees they cant afford. Why is this . Our Community Banks are in trouble. They are being crushed by the costly rules imposed on them by the doddfrank act. This law may have had good intentions, but its consequences have been dire for main street. Let me put it this way. It is more than 1,000 pages long and has more rules and regulations than any other obama era law. The burdens created are real and deep. These costs are unsustainable for small Community Banks who simply cannot afford to meet all the requirements and cant hire a team of lawyers to decipher the seemingly endless rules. What do they do . They hunker down, they are unable to loan out money, or worse, they are shutting down. The choice act reins in dodd frank. It delivers the regular toward relief these small banks so de
Access on cspan, cspan2 cspan radio and cspan. Org. Recently the Federal Reserve and Consumer Financial Protection Bureau removed some lending restrictions on small banks. Next the Senate Banking committee looks at Community Banks and federal regulations. Richard shelby of alabama chairs the hearing. Next the Senate Banking the hearing will come to order. This week the committee here on banking begins an examination of potential changes to the current regulatory structure. Today we will focus on regulatory relief for smaller Financial Institutions. In the near future we will continue this examination by focusing on unnecessary statutory and regulatory impediments across the Financial Services spectrum. While there are some who continue to argue that current law is beyond reproach, there are many on both sides of the aisle that believe improvements can and should be made. Today we will hear from regulators on some of the lessons theyve learned and how best to overcome some of the challe