Before serving in Congress, I spent more than 30 years in the financial services industry. I have seen firsthand the important role that local financial institutions play in helping families realize the American dream. We live in a world where banking is becoming more concentrated and lending is constrained. That is why it is important to provide some regulatory relief to the small, hometown institutions that have served our local communities well and did not contribute to the financial crisis of 2008. I have introduced the Communities First Act, legislation that would help community banks and credit unions foster economic growth and continue to serve the clients they personally know so well. The Communities First Act seeks to give targeted, regulatory relief to community institutions and their customers, tax relief for small banks and holding companies and modifications for small Subchapter S corporations. I will continue to be an advocate for main street Missouri and work to ensure that taxpayers are not left on the hook for any failings of our financial system.
Touching on my wide-ranging experience as a bank examiner, small businessman, and community banker, I serve on the House Financial Services Committee and serves on two key subcommittees of the committee: Financial Institutions & Consumer Credit and Domestic Monetary Policy & Technology.