McConnell

Opening Remarks

Today -

  • The Senate will convene at 9:30 a.m.
  • Following leader remarks, the Senate will resume consideration of the motion to proceed to S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, post-cloture. 

 

Senator McConnell: (9:39 a.m)

  • Spoke on Dodd-Frank relief.
    • "Research from Harvard indicates that community banks provide more than half of all small business loans. Let me repeat that. A majority of small business loans are handled by community banks. This is even more pronounced in rural areas and farming communities, like those I represent in Kentucky. A whopping 77% of agriculture loans come from community banks, 77%. In this era of online banking and multinational corporations, smaller institutions remain uniquely able to build community connections. Community bankers get to know their residents and business owners on a personal level. That perspective lets them extend credit to small-scale entrepreneur, farmers, ranchers, and other Americans who might not have access otherwise."
  • Spoke on tax reform.
    • "It's made bonuses, raises, and benefits for working families, daily news and communities all across our country. Automakers are planting deeper roots in America. Innovators like apple are bringing billions back to invest here at home. Retailers from corner stores to national chains are rewarding their hardworking teams. And there's another sector in which the benefits of tax reform are flowing freely. America's growing craft beverage industry. That's because the new 21st century tax code included a provision known as the Craft Beverage Modernization and Tax Reform Act spearheaded by Senator Portman and Senator Blunt."