Roger Williams Addresses Texas Bankers

AUSTIN, TEXAS – Congressman Roger Williams (R-Texas) addressed attendees at the 41st annual Independent Bankers Association of Texas convention in Galveston Monday.

Williams, a small business owner and member of the House Financial Services Committee, spoke on harmful federal policies affecting community banks and credit unions and the small business community and discussed his legislation designed to correct them.

The Community Financial Institution Exemption Act, introduced by Williams, would require the Consumer Financial Protection Bureau (CFPB) to explain to Main Street lenders why they are not exempted from certain CFPB rules and regulations as permitted by law.

"The un-American, anti-growth policies of Dodd-Frank (Dodd-Frank Wall Street Reform and Consumer Protection Act), the CFPB and Operation Choke Point are the products of bureaucrats and elected officials who have little to no business experience," said Williams. "…they haven't worked on payrolls, they haven't counted inventory and they haven't put people to work."

This summer, Williams introduced his seven bill tax reform plan, Jumpstart America: A Business Perspective on True Tax Reform, which has the support of former Congressional Budget Office Director Douglas Holtz-Eakin and former Chairman of the U.S. Federal Deposit Insurance Corporation Donald Powell.

On the fifth year anniversary of the signing of Dodd-Frank into law, Williams and his committee colleague Congressman Randy Neugebauer (R-Texas) wrote an op-ed published in American Banker titled, Reform the CFPB to Better Protect Consumers.

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