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Congressman Alex Mooney Statement on Passage of The Economic Growth, Regulatory Relief and Consumer Protection Act

May 23, 2018
Press Release

Congressman Alex Mooney Statement on Passage of The Economic Growth, Regulatory Relief and Consumer Protection Act

Today, the House of Representatives passed S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act by a vote of 258 to 159. Congressman Mooney is a member of the House Financial Services Committee and voted in favor of the bill. The bill was supported by every member of the West Virginia Congressional Delegation. He released the following statement:

“For too long, heavy handed regulations and unnecessary bureaucratic red-tape has strangled small community banks and hurt West Virginia consumers. These Obama-era regulations have prevented small businesses from receiving the credit they need to grow and create jobs. Needless regulations have also prevented taxpayers from accessing the credit they need to achieve the American Dream like buying a home. 

As I have visited with small businesses owners across West Virginia, I have heard the need to reduce Washington regulations that prevent economic growth. Thankfully, under the leadership of President Donald Trump, the economy is growing and jobs are returning to our country.

This bill is the most significant banking reform bill in a generation and I was pleased to do my part to dismantle these misguided Obama-era regulations”, said Congressman Mooney.

 

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