Business & Community Development 2017-12-06T04:26:30+00:00

We believe American business in cooperation with working men and women can create economic prosperity. We believe the role of government is to encourage and regulate business in order to create economic opportunity for all.


  • H.R. 4790, Volcker Rule Regulatory Harmonization Act. - This bill amends the Bank Holding Company Act of 1956 to exempt from the Volcker Rule banks with total assets: (1) of $10 billion or less, and (2) comprised of 5% or less of trading assets and liabilities. (The Volcker Rule prohibits banking agencies from engaging in proprietary trading or entering into certain relationships with […]
  • H.R. 3, Spending Cuts to Expired and Unnecessary Programs Act - The purpose of this bill is “To rescind certain budget authority proposed to be rescinded in special messages transmitted to the Congress by the President on May 8, 2018, in accordance with title X of the Congressional Budget and Impoundment Control Act 1974.” Why This Bill Is Against Our Values: “The House voted along party […]
  • H. R.4771, Small Bank Holding Company Relief Act of 2018. - This bill will raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes. Before the end of the 6-month period beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System shall revise the Small Bank Holding Company Policy Statement on […]
  • H. R. 5645, Standard Merger and Acquisition Reviews Through Equal Rules Act of 2018. - This bill To amend the Clayton Act and the Federal Trade Commission Act to provide that the Federal Trade Commission shall exercise authority with respect to mergers only under the Clayton Act and only in the same procedural manner as the Attorney General exercises such authority. Why This Bill Is Against Our Values: “This bill […]
  • H. R. 4324, Strengthening Oversight of Iran’s Access to Finance Act. - To require the Secretary of the Treasury to make certifications with respect to United States and foreign financial institutions’ aircraft-related transactions involving Iran, and for other purposes. Why Jason Lewis’ vote conflicts with our values. “These reports are intended to prevent the U.S. from allowing Iran to purchase commercial airliners which is allowed under the […]
  • H. R. 4296, To Place Requirements on Operational Risk Capital Requirements for Banking Organizations Established by an Appropriate Federal Banking Agency - This bill would prohibit federal banking agencies from establishing an operational-risk capital requirement (i.e. money & non-cash assets that have to be held in reserve) for banks unless the requirement: 1) is based on, and is appropriately sensitive to, current risks; 2) is determined under a forward-looking assessment of potential losses — rather than only considering historic […]
  • H. R. 4293, Stress Test Improvement Act of 2017. - This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to modify testing requirements applicable to bank holding companies and certain nonbank financial companies, including by: (1) establishing limitations on Comprehensive Capital Analysis and Review by the Federal Reserve Board, (2) reducing the frequency of stress testing from semiannual to annual, and (3) […]
  • H. R. 4061, Financial Stability Oversight Council Improvement Act of 2017. - This bill amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council, in determining whether a nonbank financial company shall be designated as systematically important and consequently be supervised by the Federal Reserve Board and subject to prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate […]
  • H. R. 3971, Community Institution Mortgage Relief Act of 2017 - This bill amends the Truth in Lending Act to create a safe harbor from requirements for an escrow or impound account for the payment of taxes and hazard insurance in the case of mortgage loans made by a creditor with consolidated assets of $25 billion or less that holds the loan on its balance sheet […]
  • H. R. 3312, Systemic Risk Designation Improvement Act of 2017 - Bill Summary From the bill: To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to specify when bank holding companies may be subject to certain enhanced supervision, and for other purposes. Bill Sponsor: Blaine Luetkemeyer (R-MO) Why Jason Lewis’ Vote Is Against Our Values “There needs to be stricter regulation on big banks after […]
  • H. R. 2201, Micro Offering Safe Harbor Act. - This bill amends the Securities Act of 1933 to exempt certain micro-offerings from: (1) state regulation of securities offerings, and (2) federal prohibitions related to interstate solicitation. The exempted micro-offerings must meet all of the following requirements: the purchaser has a substantive pre-existing relationship with the issuer, during the 12-month period preceding the transaction there are no more than 35 purchasers […]
  • H. J. Res. 66, Disapproving rule for savings arrangements for non-governmental employees. - The rule describes circumstances in which state payroll deduction savings programs with automatic enrollment would not give rise to the establishment of employee pension benefit plans under the Employee Retirement Income Security Act of 1974 [ERISA]. It provides guidance to states designing the programs to reduce the risk of ERISA preemption of state laws and […]