{"database": "press", "table": "releases", "rows": [["https://rothfus.house.gov/media-center/press-releases/rothfus-backed-bill-improve-sifi-designation-process-passes-house", "Rothfus-Backed Bill to Improve SIFI Designation Process Passes House", "2016-12-01", "2016", "2016-12", "Republican", "House", "PA", "Keith Rothfus", "R000598", "rothfus.house.gov", null, null, "legacy", "Washington, D.C.\u00a0\u2013 Congressman Keith Rothfus [PA-12] released the following statement after the House passed the Systemic Risk Designation Improvement Act (H.R. 6392), which offers a common-sense approach to the process of designating systemically important financial institutions (SIFIs). Dodd-Frank sets an arbitrary $50 billion threshold for identifying SIFIs and deciding which firms pose a risk to the stability of the financial system. Congressman Rothfus was a sponsor of the original legislation on which this bill was based.\n\u201cSIFI designation impacts a firm\u2019s lending ability, and therefore, a firm\u2019s customers and their customers\u2019 ability to thrive. Arbitrary and heavy-handed Dodd-Frank rules and regulations, including SIFI designations, have directly hurt small businesses making it harder for them to create jobs and making it harder for average households to get credit. This decision is not trivial,\u201d\u00a0said Congressman Rothfus. \u201cIf we really care about protecting financial stability and having a healthy financial system, we have a responsibility to pursue a fairer, more transparent, and more accurate process. The approach set forth under H.R. 6392 represents a more rational process for evaluating financial institutions, as opposed to the Washington tradition of a one-size-fits-all bludgeon.\u201d\n-30-", 1, "2026-03-30T12:14:52Z", "2026-03-30T12:14:52Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://rothfus.house.gov/media-center/press-releases/rothfus-backed-bill-improve-sifi-designation-process-passes-house"], "units": {}, "query_ms": 2.7113729156553745, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}