releases: http://huizenga.house.gov/news/documentsingle.aspx?DocumentID=398263
Data license: MIT · Data source: dwillis/congress-press
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| url | title | date | year | month | party | chamber | state | member_name | bioguide_id | domain | scraper | source | date_source | text | has_text | collected_at | updated_at |
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| http://huizenga.house.gov/news/documentsingle.aspx?DocumentID=398263 | Dodd-Frank Hurts Small Towns Across Michigan | 2015-12-10 | 2015 | 2015-12 | Republican | House | MI | Bill Huizenga | H001058 | huizenga.house.gov | legacy | Yesterday, the Editors Note in the Detroit News took an important big picture look at the harmful effects of Dodd-Frank on small towns across America. Congressman Huizenga and Republican members of the House Financial Services Committee have worked tirelessly to examine Dodd-Frank and detail how truly damaging this ill-conceived law is for consumers, small businesses, and community lenders. For a more in-depth look at Dodd-Frank and its negative impact on Main Street click here. Dodd-Frank slows small business growth By Nolan Finley A vigorous small business base is essential to a healthy economy. So its no wonder this economic recovery has been so tepid. Loans to small businesses are off sharply, down 38 percent since before the passage of the Dodd-Frank bill, which added layers of regulations on the financial industry. Passed in response to the near collapse of the banking industry during the Great Recession, Dodd-Frank has encouraged consolidation of lending institutions and toughened requirements for loans. It has fallen heaviest on smaller, community banks that tend to service entrepreneurs and small businesses. That has a particularly negative impact on smaller towns and rural areas, which lack access to the mega-banks. Its another example of how in Washington, the cure is often more harmful than the ailment. This note originally appeared in the Detroit News on December 9th. | 1 | 2026-03-30T12:14:52Z | 2026-03-30T12:14:52Z |