Category: Updates

Happy Independence Day

In a 1961, President Reagan said this in a speech to the Phoenix Chamber of Commerce:

“Freedom is never more than one generation away from extinction. We didn’t pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.”

More than ever, our nation needs to hear (or read) these words.

Around the country, the idea that government is more trustworthy than the individual to do what is best seems to be catching on. Our ancestors fought against this 242 years ago, and the great American experiment was the result. While it is not always perfect, the United States continue to show the world that a democratic republic and capitalism allow Freedom and Liberty to flourish most abundantly, and that it is the Individual, not the government, who should lead the way.

This Independence Day, I wish you and your family a safe and happy celebration of everything this great land stands for: Life, Liberty and the Pursuit of Happiness.

Another Bill Passes

Washington is a flurry of news – ongoing negative coverage on the President’s historic meeting with North Korea, Majority Leader McConnell’s decision to cancel the Senate’s August recess due to unprecedented Democratic obstruction of the President’s appointees, and Nancy Pelosi raining on America’s LOW unemployment parade.

Meanwhile, over in the House of Representatives, I’ve been hard at work on the Financial Services Committee to continue delivering relief to Main Street. Getting S.2155, the most significant rollback of the Dodd-Frank Act in nearly a decade (which included my Home Mortgage Disclosure Act) across the finish line was a major accomplishment, but it was just the first step. Last week, the Financial Services Committee unanimously passed a new bill I introduced, the Main Street Growth Act, 56-0. It’s not every day the other side of the aisle agrees with Republicans, but some solutions are so common sense, there’s no question.

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Repealing the Dodd-Frank Disaster

Repealing the Dodd-Frank Disaster

Yesterday, the U.S. House sent the largest pro-growth, deregulation bill in decades to President Trump’s desk. Today, I was fortunate to be at the White House and watch as he signed it into law.  S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act will roll back some of Dodd-Frank’s most harmful regulations to small financial banks and credit unions.

The bottom line: Dodd-Frank did not work. Both chambers (and both sides of the aisle) agree that the “one size fits all” regulation style from Washington has done little but destroy economic potential and left Main Street – quite literally – to pay the price for a crisis for which they were not responsible.

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May is Mental Health Month

During Mental Health Month, I want to call special attention to the tenth leading cause of death in the United States: suicide.  More than 100 American lives are lost to suicide each day. That means in the next hour, four people will commit suicide. One will be a veteran.

In our state, suicide is the second leading cause of death among Minnesotans ages 15-34.

These staggering numbers are part of a larger trend. From 2000-2010, suicides increased 16 percent. In that same 10 year period, deaths from causes like stroke and heart disease declined. While we have made progress in reducing deaths from physical diseases, we have left those dealing with substance use and mental illness behind.

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Delivering on Small Business Week

Last week, the United States celebrated Small Business Week to honor the 30 million small businesses that keep this country running. In Minnesota, there are more than 500,000 small businesses employing over one million Minnesotans.

Yesterday the National Federation of Independent Business reported historic numbers thanks to Republicans’ pro-growth policies like tax cuts and deregulation. Small business optimism is the highest it’s been in 30 years while reports of improved earning trends were the highest in survey history.

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