LATEST SENATOR DONNELLY
Washington, D.C. – U.S. Senator Joe Donnelly today helped the Senate pass a bipartisan legislative package that he negotiated, co-wrote, and helped introduce last November with a number of colleagues. The Economic Growth, Regulatory Relief, and Consumer Protection Act passed the Senate on a 67-31 vote and would reduce regulatory burdens on community banks and credit unions — including for the 103 community banks and 154 credit unions in Indiana — as well as provide new protections to consumers. The bill previously passed the Senate Banking Committee in December with strong bipartisan support.
Donnelly, a member of the Banking Committee, said, “This legislative package is an example of what we can achieve by working together and shows Democrats and Republicans can break the gridlock. I’m proud my bill passed the Senate, because it would provide regulatory relief for community banks and credit unions in Indiana to make it easier for Hoosier families to get a mortgage and for small businesses to expand. And it includes a number of new consumer protections related to student loan borrowers, free credit monitoring for servicemembers, free credit freezes for all Americans, and protections for veterans from VA billing delays and predatory mortgage lending. I look forward to the passage of my bill in the House, so that it can head to the president’s desk.”
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