Barr Introduces Financial Regulatory Reform Package
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.”
“The reforms included in the American Jobs and Community Revitalization Act are a commonsense approach which will require federal regulators to review and streamline their rules, end one-size-fits-all regulations, and allow community banks and credit unions to do their jobs. This bill will create an environment in which small communities can overcome Washington’s red tape, encourage private sector investment, and provide needed jobs in rural America.”