Chairman Chabot Statement on Trump Executive Actions on Financial Regulations
WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-Ohio) made the following statement about President Donald J. Trump’s executive actions on financial regulations.
“President Trump’s executive actions set the stage for rolling back some of the most harmful parts of Dodd-Frank that have hit small businesses worst and first,” said Chairman Chabot. “This is an important first step that will surely help as Congress works to improve access to capital for small businesses and remedy the crisis Dodd-Frank has caused for our small community banks and credit unions, particularly in rural communities across America.”Throughout the 114th Congress, members of the small business community testified before the House Small Business Committee and shared their personal accounts of how Dodd-Frank banking regulations were preventing them from getting the credit and capital they needed to start and grow their businesses. In his remarks at the American Enterprise Institute last month, Chairman Chabot said improving access to capital for small business will continue to be a top priority for the Committee in the 115th Congress.