Restoring Illinois Consumers and Small Business Access to Trusted Community Financial Institutions
Washington, DC — U.S. Representative Randy Hultgren (IL-14) today supported House passage of the Financial CHOICE (Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs) Act.
“Since the rushed Dodd-Frank Act became law in 2010, 42 community banks and 106 credit unions in Illinois have closed. Today credit is tighter, consumers are less secure, the root causes of the crisis have been left untouched, the big banks are bigger and the small banks are fewer. My own constituents—individuals and small businesses alike—have been the collateral damage of these failed policies and are hurt most by losing access to their local trusted financial institutions,” said Rep. Hultgren. “This legislation begins the process of restoring Americans’ access to their trusted community financial institutions. I urge the Senate to act quickly on behalf of consumers and communities.”
Rep. Hultgren is a member of the House Financial Services Committee, Vice-Chairman of the Subcommittee on Capital Markets, Securities and Investment and member of the Subcommittee on Housing and Insurance.