[Congressional Record (Bound Edition), Volume 161 (2015), Part 14]
[House]
[Page 20194]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1215
              ANDERSON TRUCKING: A MINNESOTA SUCCESS STORY

  The SPEAKER pro tempore. The Chair recognizes the gentleman from 
Minnesota (Mr. Emmer) for 5 minutes.
  Mr. EMMER of Minnesota. Mr. Speaker, I rise today to recognize 
Anderson Trucking Service for their impressive 60 years of business.
  The founder of Anderson Trucking, Harold Anderson, grew up in the 
transportation industry and began hauling granite with his father. In 
those early years, Harold developed a strong interest in machinery and 
driving. So it was no surprise when he chose to pursue a career in 
trucking.
  Harold officially started Anderson Trucking Service after he returned 
home from World War II. The company is now run by Harold's sons, Rollie 
and Jim, as well as his grandsons, Brent and Scott.
  Over the years, Anderson Trucking has grown and prospered, but the 
Anderson family has never forgotten their roots. The company and the 
Anderson family represent the best St. Cloud and central Minnesota have 
to offer. The customer service of Anderson Trucking is only matched by 
the community service provided by the Andersons and their great 
employees.
  Today Anderson Trucking has thousands of rigs, hundreds of drivers, 
and has driven millions of miles. The Andersons, however, do not just 
measure success by the number of miles driven or the number of 
deliveries made, but also by the high level of the customer service 
that the company provides.
  For the past 6 decades, this international transportation company has 
successfully and safely delivered freight to their valued customers.
  We look forward to seeing the continued success of Anderson Trucking 
for this generation and generations to come.
  Congratulations on your first 60 years.


            Preferred Credit, Inc., Embodies Minnesota Nice

  Mr. EMMER of Minnesota. Mr. Speaker, I rise today to recognize 
Preferred Credit, Inc., of St. Cloud, Minnesota, for winning a Torch 
Award for Ethics from the Minnesota Better Business Bureau.
  Preferred Credit was established in St. Cloud in 1982 and quickly 
realized their goal of becoming one of the preferred finance companies 
for the direct sales industry throughout the United States. This 
outstanding Minnesota company accomplished this goal by giving their 
clients the best possible customer service and building strong, 
personal relationships.
  The way Preferred Credit achieves success is evidence of how 
deserving they are of this award. The Torch Awards are meant to 
recognize companies that go above and beyond for their customers, 
employees, vendors, and community.
  I would like to congratulate Preferred Credit, Incorporated, for 
receiving this prestigious award and for representing what Minnesota is 
all about.
  Thank you for everything you have contributed to the St. Cloud 
community and to the great State of Minnesota. We would not be where we 
are today without great businesses like yours.


          The Backbone of Minnesota Small Business and America

  Mr. EMMER of Minnesota. Mr. Speaker, I rise today to discuss 
overregulation.
  Chair of the Federal Reserve, Janet Yellen, recently said that small 
community banks really are suffering from regulatory overload. I 
absolutely agree.
  Community banks and credit unions are struggling with excessive and 
overly burdensome regulation.
  Today 17 of my colleagues on the House Financial Services Committee 
and I sent a letter to the Consumer Financial Protection Bureau, better 
known as the CFPB, regarding the most recent addition to the pile of 
regulations harming consumers and community financial institutions, the 
newly revised Regulation C.
  Regulation C requires most banks and credit unions to collect new 
personal data on loan applications beginning January 1, 2018. This 
regulation essentially doubles the current requirements triggered by 
Dodd-Frank.
  The CFPB, without adequate justification of need, now wants personal 
information, including business or commercial information, property 
values, property addresses, credit scores, and interest rates. This 
appears to be a government agency fishing expedition that should raise 
serious concerns relating to our personal privacy and liberties.
  This significantly higher regulatory hurdle means community financial 
institutions will have to allocate more of their limited resources to 
deal with Washington's red tape, rather than providing loans to 
families and businesses in Minnesota.
  It is my hope that the CFPB will exempt small community financial 
institutions from this new burden, or we will have to work to draft 
legislation that will help our small community banks in Minnesota 
because, as I often say, Mr. Speaker, what is good for Minnesota is 
good for America.

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