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McConnell Urges Senate To Shield Small Businesses From Biden Admin. Red Tape

Press Release

Date: Oct. 18, 2023
Location: Washington, DC
Issues: Finance and Banking Business, Consumers, and Employees

"Today, the Senate will vote on a Republican resolution to chip away at yet another example of the Biden Administration's runaway regulatory state using the Congressional Review Act.

The junior Senator from Louisiana, Senator Kennedy, has put forward a measure that would block a proposed rule at the Consumer Financial Protection Bureau that would require financial institutions to collect and report personal information on small business loan applications, including data on race and sex.

Apparently, as if the radical progressivism on campuses wasn't enough, Washington Democrats want to tie small business loans to diversity quotas.

Small businesses are the lifeblood of the American Dream. And I'm grateful to my colleague from Louisiana for giving the Senate an opportunity to stick up for them.

I would urge each of our colleagues to join me in supporting his resolution later today."


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