[Congressional Record Volume 164, Number 83 (Monday, May 21, 2018)]
[House]
[Page H4270]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




   COMMUNITY BANKS ARE THE CENTER OF ECONOMIC ACTIVITY IN SMALL TOWNS

  (Mr. ARRINGTON asked and was given permission to address the House 
for 1 minute.)
  Mr. ARRINGTON. Mr. Speaker, probably the most ironically named piece 
of legislation outside of the Affordable Care Act would be Dodd-Frank's 
Wall Street Reform and Consumer Protection.
  Wall Street banks have only gotten bigger, and we have had more 
concentration of assets in fewer banks, making for greater systemic 
risk. Meanwhile, the small community banks on Main Street have been 
pummeled with a mountain of unnecessary rules and regulations.
  We are putting a community bank out of business one a week since 
2010. 170 community banks have gone away in Texas alone.
  Consumer protection? There is no such thing as consumer protection 
with respect to Dodd-Frank. They have only had more complexity. 
Consumers have had to deal with more burden and higher costs and fewer 
choices.
  I support S. 2155 because I support Main Street, because I support 
rural America; and I support community banks, the center of economic 
activity in small towns all across these United States.

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