Subcommittee on Economic Growth, Tax and Capital Access
The Dodd-Frank Act: Impact on Small Business Lending
The hearing examined the regulatory structure of financial institutions, including the new provisions of the Dodd-Frank Act. The hearing will also examine the regulations being proposed to implement the Act that have the greatest impact on small financial institutions and on small business lending. Along with Dodd-Frank, many financial institutions are facing increasing pressure from federal regulators concerned about additional bank failures. This increased pressure has the potential to hamper small business lending since some regulators are taking a disproportionally stringent view of small business lending and loan performance. Witnesses will discuss the direct impact of the new law and offer solutions to minimize the burdens.
Opening Statement:Chairman Joe Walsh (R-IL)
Witnesses and Testimony: