ALAMOSA, Colo., Aug. 4 -- Rep. Scott Tipton, R-Colo. (3rd CD), issued the following news release:
Today, Congressman Scott Tipton (R-CO) hosted a conversation on financial services policy issues with a group of representatives from the local banking industry in the San Luis Valley. The importance of access to capital from community banks for the health and success of local small businesses was central to their conversation that also focused on regulatory reform.
"When you walk down Main Street, virtually every small business has at some point received capital through a community bank to expand their business, upgrade equipment, or hire and maintain employees. Community banks can make all the difference when it comes to the overall health and success of a local economy," said Tipton. "Today's conversation provided important feedback from local banking industry representatives on how the federal government can, through regulatory reform, create greater flexibility for community banks to extend access to capital to small businesses through responsible lending practices. I will take this information back to Washington and share it with my colleagues as we work to advance policies to strengthen Main Street and create jobs."
To learn more about financial services legislation in the House visit the Committee on Financial Services website HERE (http://financialservices.house.gov/).