Press Releases

Rep. Stivers' Statement on the Passage of the Systemic Risk Designation Improvement Act

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Washington, December 1, 2016 | comments
“The one-size-fits-all approach to financial regulation under the Dodd Frank Act has choked off access to capital and made financial services more expensive, thereby hurting the small businesses and families it purported to protect.
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Regarding the passage of HR 6392 – the Systemic Risk Designation Improvement Act of 2016 -- in the U.S. House of Representatives, all of the following may be attributed to Congressman Steve Stivers (R-Ohio):
 
“The one-size-fits-all approach to financial regulation under the Dodd Frank Act has choked off access to capital and made financial services more expensive, thereby hurting the small businesses and families it purported to protect.
 
“This bill ensures a safe and sound banking system, while getting more money into the hands of small businesses and other job creators to grow our economy."

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Congressman Stivers serves as a member of the House Financial Services Committee.
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