Financial Services Committee
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Congressman Andy Barr (R-KY) was appointed to the Committee on Financial Service’s Bipartisan Task Force to Investigate Terrorism Financing. The task force will be led by Congressman Mike Fitzpatrick (R-PA) and Congressman Stephen Lynch (D-MA). The goal of the task force is to investigate terrorist financing and examine what, if any, changes are needed to upgrade and improve our nation’s ability to deny terrorists the funding they use to carry out attacks.
Congressman Andy Barr (R-KY) today introduced the Taking Account of Bureaucrats’ Spending (TABS) Act, which will move the Consumer Financial Protection Bureau (CFPB) into the appropriations process. In doing so, Congress would be able to oversee the Bureau’s budget for the first time.
Congressman Andy Barr (R-KY) today introduced H.R. 1389, the American Jobs and Community Revitalization Act, a package of regulatory reforms that would expand access to credit, create jobs, and expand opportunities especially in rural communities.
“New federal financial regulations are making it harder for Kentuckians to borrow money to buy a home, purchase a car, or get a line of credit to start or expand a small business,” said Congressman Barr. “The result has been devastating especially for rural communities.”
Congressman Andy Barr (R-KY) today reintroduced the Helping Expand Lending Practices (HELP) in Rural Communities Act with Congressman Ruben Hinojosa (D-TX). The bill would provide individuals in rural areas the right to petition for the area to be properly reclassified as “rural” and relieve local community banks and credit unions from burdensome regulations that unfairly limit their ability to lend and help create jobs in their communities.
Congressman Andy Barr (KY-6) introduced legislation that would ease the regulatory requirements on home loans, so long as the mortgage lender holds the loan on its books rather than selling it into the secondary market. H.R.
Washington, D.C. –Today, the Consumer Financial Protection Bureau (CFPB) announced a rule to expand the definition of “rural” areas within its financial regulations, bowing to pressure from a bipartisan group of Members of Congress, led by Congressman Andy Barr (KY-6).
“I’m pleased that a legislative proposal initiated by Kentuckians spurred the Bureau to adopt these long-overdue regulatory relief measures, which will help residents of rural America access affordable credit at their community banks and credit unions,” said Congressman Barr.
WASHINGTON – Congressman Andy Barr released the following statement upon passage of FY 2015 Omnibus:
LEXINGTON – Congressman Andy Barr took on a new role Friday, August 22, serving as a “Teller for a Day” at the Citizens Guaranty Bank in Berea.
“I enjoyed being a ‘Teller for a Day’ and getting a first-hand look at the kind of hard work being done by community bankers here in Berea and across Kentucky,” said Congressman Barr. “Our community banks are a critical resource for Kentuckians looking to responsibly gain access to the credit they need – including credit to purchase a home, pay for higher education, or even invest in their business.”
WASHINGTON – Rep. Ed Perlmutter (CO-07) and Rep. Andy Barr (KY-06) applaud the bipartisan effort to pass H.R. 5062, the Examination and Supervisory Privilege Parity Act of 2014. The legislation clarifies the sharing of information between federal and state regulators that license, supervise or examine consumer financial products or services, it will not waive or affect any privilege during the examination process.
Congressman Andy Barr spoke on the floor of the U.S. House of Representatives in support of his legislation, H.R. 2672, the Helping Expand Lending Practices in Rural Communities Act, or the HELP Rural Communities Act, which passed the House by a bipartisan voice vote on May 6, 2014.