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Financial Services

As a small business owner, I know firsthand the how intertwined the banking system is to the success of main street American businesses. I draw on this experience in my position on the House Financial Services Committee to ensure all Americans have access to competitively priced financial products and services. I remain committed to allowing the banking system to continue to flourish without the burden of excessive government intervention:

  • Passed the Bank Service Company Examination Coordination Act out of the House of Representatives to streamline the supervisory exam process on private companies.

  • Voted for the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155), which was the largest banking regulatory relief package that was signed into law since the financial crisis in 2008 

  • Worked to reign in the Consumer Financial Protection Bureau by cosponsoring many different bills (H.R. 969, H.R. 2133, H.R. 4607, H.R. 1737), and had an amendment pass the House to prohibit any regulation coming from the CFPB with an economic impact of over $100 million dollars.

  • Passed the Bank Service Company Examination Coordination Act  (H.R. 241) to streamline the supervisory exam process on private companies.

  • Introduced the Consumer Transaction Account Protection Act (H.R. 4501) to create more clear-cut guidelines for technology companies to partner with financial institutions.

  • Introduced the Preserving Small Business Lending Act of 2020 (H.R. 5574) to prevent the government from further encroaching on the normal business operations of community financial institutions.

  • Voted for the Financial CHOICE Act (H.R. 10), that would have repealed some of the most burdensome government regulations that were put in place following the 2008 financial crisis.

  • Led efforts to prevent against the CECL accounting standard from being implemented which would greatly affect the ability of financial institutions to give loans.

More on Financial Services

Jul 22, 2021 Press Release

WASHINGTON, D.C. - Congressman Roger Williams (TX-25) introduced the “Unfair or Deceptive Acts or Practices Uniformity Act” to protect businesses from arbitrary enforcement actions from the Consumer Financial Protection Bureau (CFPB). The CFPB has the ability to go after businesses that engage in unfair, deceptive, and abusive acts or practices (UDAAP) in connection to consumer financial products.

May 21, 2021 Press Release

WASHINGTON, D.C. – Representative Roger Williams (TX-25) introduced the Supporting Small Business and Career and Technical Education Act and the Student Debt Alternative and CTE Awareness Act. Both pieces of legislation encourage more Americans to pursue Career and Technical Education paths and to consider the financial obligations that come with a 4-year degree.

Apr 8, 2021 Press Release

WASHINGTON, D.C. – Congressman Roger Williams (TX-25) voiced his disappointment in the Small Business Administration’s (SBA) rollout of the of the Shuttered Venue Operator Grant (SVOG) application. The SVOG was authorized by the Congressman’s bipartisan Save our Stages Act, which President Trump signed into law last December.

Mar 26, 2021 Press Release

WASHINGTON, D.C. – Congressman Roger Williams (TX-25) and Congressman Gregory Meeks (NY-05) reintroduced the bipartisan Bank Service Company Examination Coordination Act (BSCECA) of 2021 to make banking supervision more efficient.

Feb 11, 2021 Press Release

Rep. Williams’ Amendments Fight for Small Businesses and Protect the Unborn

Washington, D.C. Congressman Roger Williams (TX-25) introduced 2 Amendments in the House Committee on Financial Services and 2 more in the House Small Business Committee. Today, Democrats steamed ahead with a partisan COVID-19 package led by Speaker Pelosi and Chuck Schumer at the direction of President Biden, who just weeks ago offered a pledge of unity and bipartisanship.