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| Looking Out for Small Banks |
Yesterday, I voted to pass the Financial CHOICE Act.
The CHOICE Act prevents future government bailouts of Wall Street, while giving American families the tools needed to maintain financial independence and plan for the future.
But what's most important to me is protecting our small banks; Dodd-Frank has created an environment in which our banks are "too small to succeed." Our local, community banks are shutting their doors because of burdensome, overlapping regulations placed on them by Dodd-Frank.
One-size-fits-all regulations are barring people from refinancing after balloon loans, which is especially damaging to Wisconsin's farmers, and from purchasing homes and starting businesses.
Additionally, people are paying more for loans.
The Financial CHOICE Act will make great strides in freeing up community banks to focus on what’s most important: fulfilling the needs of their customers, making small-business loans and growing our local economies.”
Click here to learn more about the Financial CHOICE Act.
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| Oversight and Government Reform |
This week, I criticized the Obama administration's response to the Fast and Furious scandal during a House Oversight and Government Reform Committee hearing.
Six years after the failed operation, which put guns in the hands of members of the Mexican cartel and left American Border Patrol Agent Brian Terry dead, Congress is still seeking documents related to the Justice Department’s response to the investigation.
Click here to learn more about this hearing. |
As your congressman, I’m here to serve you. If you have any questions please don’t hesitate to reach out to my offices in Fond du Lac and Washington. If you enjoyed this newsletter be sure to forward it to your family and friends so they can stay informed on what I’m doing in Washington and the 6th District.
Sincerely,
Glenn Grothman
Member of Congress
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