Press Releases

Today, Capital Markets, Securities, and Investment Subcommittee Chairman Bill Huizenga (MI-02) released the following statement after voting in support of S. 2155, legislation to provide regulatory relief for community financial institutions, strengthen small business job creation, and increase opportunity for families across West Michigan.

“For the past decade, hardworking families across the nation have been denied the economic recovery they deserved because of Washington’s insistence on a one-size fits all regulatory structure. This made it more difficult for low and moderate income families in West Michigan to access the credit necessary to buy a car or own a home, save for retirement, plan for their children to go to college, and climb the ladder of opportunity.

“The Economic Growth Regulatory Relief and Consumer Protection Act will unleash American innovation, boost job creation, and strengthen capital formation by providing important regulatory relief to community financial institutions while increasing opportunity for small businesses and consumers on Main Street. This bipartisan legislation is the largest financial reform package to be passed by Congress in nearly a generation.

“It’s important to note that both of Michigan’s Senators supported this legislation that is now heading to the President’s desk. While this bipartisan achievement should not be overlooked, I believe more can be done to strengthen the economy and get results for hardworking Americans. I look forward to working with my colleagues in the House as well as Michigan’s Senators to craft a second bipartisan package of bills to improve access to capital, boost job creation, and ‘right size’ our regulatory structure.”

Earlier in the day, Congressman Huizenga spoke on the House floor in support of this bipartisan effort. You can watch part of his remarks in the video below.