Scalise on Fox Business Network: Dodd-Frank has destroyed community banks


WASHINGTON, D.C. –- (RealEstateRama) — Majority Whip Steve Scalise (R-LA) joined Fox Business Network’s “Varney & Co.” yesterday to discuss House passage of the Financial CHOICE Act and President Trump’s infrastructure plans.

On House passage of the Financial CHOICE Act…

“The Financial CHOICE Act [was] passed yesterday. This is our response to Dodd-Frank, which has decimated community banks, decimated first-time homebuyers, and small businesses. Chairman Hensarling brought a great bill to the floor and you saw a very unifying conservative vote.

“I hope the Senate takes it up. Obviously, you’ve got people like Elizabeth Warren and other radicals over in the Senate will try to undermine it, but most people know back home, Dodd-Frank has destroyed community banks.

We are losing a community bank every single day and that is bad for consumers, bad for first-time homebuyers, bad for small business. We need to reverse it. The Financial CHOICE Act is a big step to getting these crazy Washington regulations and red tape out of your way.”

On President Trump’s infrastructure plans…

“President Trump is spot on in pointing out that regulations are one of the big things holding back infrastructure projects. Not only do they delay projects by years in some cases, but they jack up the cost tremendously with no good results.

“The fact that President Trump is not only talking about improving infrastructure with public-private partnerships, but going after the heart of these regulations that make it harder to build things in America, to upgrade our bridges, roads, and waterways. It is all going to be part of his package, and the fact that he is focused on regulations is important.”


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