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Financing Main Street: How Dodd-Frank is Crippling Small Lenders and Access to Capital

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Washington, September 14, 2015 | comments
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Small Business Committee Chairman Steve Chabot (R-OH) has announced the following committee activity for the week of September 14, 2015:

Subcommittee Hearing:
Subcommittee on Economic Growth, Tax, and Capital Access
Chairman Tom Rice (R-SC)
Financing Main Street: How Dodd-Frank is Crippling SMall Lenders and Access to Capital
Thursday, September 17, 2015 at 1:00 PM
2360 Rayburn House Office Building

The Committee on Small Business Subcommittee on Economic Growth, Tax and Capital Access will meet for a hearing titled Financing Main Street: How Dodd-Frank is Crippling Small Lenders and Access to Capital.The hearing is scheduled to begin at 1:00 P.M. on September 17, 2015, in Room 2360 of the Rayburn House Office Building.

Five years later, while proponents of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) are quick to tout the benefits of the law, Main Street small businesses, including small financial institutions, express concerns that it has had the opposite effect.This hearing will examine the effects of Dodd-Frank on small financial institutions and small business lending.Specifically, the hearing will discuss the regulatory changes promulgated by Dodd-Frank and the impact those have had on small business.

This hearing will be streamed live here.

Witnesses:
Mr. Doyle Mitchell, Jr.
President/Chief Executive Officer
Industrial Bank
Washington, DC
*Testifying on behalf of the Independent Community Bankers of America

Mr. Scott Eagerton
President/CEO
Dixies Federal Credit Union
Darlington, SC
*Testifying on behalf of the National Association of Federal Credit Unions

Mr. Marshall Lux
Senior Fellow
Mossavar-Rahmani Center for Business and Government
John F. Kennedy School of Government
Harvard University
Cambridge, MA

Ms. Julia Gordon
Senior Director
Housing and Consumer Finance
Center for American Progress
Washington, DC
 

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