Less competition means fewer financing options, higher borrowing costs and less investment on Main street, not Wall street, as some of my colleagues are trying to assert. This bill lowers unnecessary regulatory costs for community and mid sized banks. Not those big business center banks in Wall street, in New York and around the world. In fact, this ends debanking. It restores the flexibility needed to these institutions to better serve you and your family. (00:28–00:34)
CLAIM
Asserts that the bill reduces unnecessary regulatory costs for community and mid-sized banks.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
