My goal as your representative in Congress is to help our community stay safe, ensure our families can stay healthy and strengthen our economy. At the beginning of this week, I held a town hall with more than 500 people in Stuart. While we may not agree on every policy solution, it's clear that people are concerned about making our economy work for everyone, ensuring access to care, lowering taxes and holding our government accountable. These are all top priorities for me and we made progress on them this week in Washington.
One of the major bills we passed this week is called the Financial CHOICE Act, which will help our community banks give local businesses the resources they need to succeed.
The Financial CHOICE Act does what Dodd-Frank intended to do, but in a smarter, more efficient way. Dodd-Frank included more regulations than ALL other bills passed during President Obama's 8 years in office combined. All that red tape has made it harder for small business owners and families who need a loan.
Whether you are looking to open a new restaurant or make improvements on your house, your access to funding shouldn't rest in the hands of just a few "too big to fail" banks. Community banks are critical for growing our economy and supporting our local community.
That's why the Financial CHOICE Act imposes tough financial penalties for financial fraud and ends "too big to fail" by putting a stop to taxpayer bailouts for big banks. At the same time, the bill protects community banks and credit unions from burdensome regulations that have slowed economic growth.