WASHINGTON- U.S. Senator John Boozman (R-AR) applauded Senate passage of the Economic Growth, Regulatory Relief and Consumer Protection Act, which will provide much-needed regulatory relief to small banking institutions.
“We need a regulatory system where small, medium and large financial institutions can succeed. Under Dodd-Frank, we have a system where some financial institutions are too big to fail and others are too small to succeed.
Community banks and credit unions have been unfairly penalized by regulations targeting Wall Street. Eliminating the one-size-fits-all rules for small financial institutions will help free up resources and make it easier to provide capital to small businesses so they can invest and hire more workers.”
