WASHINGTON (WLFI)—The U.S. Senate is set to debate and vote on the bipartisan Regulatory Relief Package this week. Democratic Senator Joe Donnelly spoke with News 18 about the importance of the bill.
Donnelly helped negotiate, write, and introduce the Economic Growth, Regulatory Relief, and Consumer Protection Act in November. The bill passed the Banking Committee in December. It would reduce regulatory burdens on community banks and credit unions.
That includes 103 community banks and 154 credit unions in Indiana. It would also provide new protections to consumers.
"It frees up more money and more people to make loans to local businesses and to Hoosier families," said Donnelly.
Donnelly said the number of small business loans is down 41 percent since 2008. This legislation would make it easier for banks to give out loans to entrepreneurs.
- Regulatory Relief Package voting set to take place this week
- Heat Relief is On the Way!
- Decision time on Kavanaugh: Senate panel set to vote Friday
- New equipment helps detect suspicious packages
- Amazon plans packaging center in suburban Indianapolis
- Indiana House Democrats set to pick new leader next week
- Osweiler's strong relief appearance leads Broncos past Colts
- Purdue students showcase skills in disaster relief competition
- Some Hit or Miss Rain & Relief Are Ahead
- Indiana National Guard unit helping with hurricane relief