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Congressman Scott Tipton

Representing the 3rd District of Colorado

Financial Services

The most pressing issue facing financial institutions in the Third Congressional District is the compliance burden from Dodd-Frank regulations. The Dodd-Frank regulations were meant to lift the economy out of recession and end the “too big to fail” phenomenon that came out of the 2008 financial crisis. Instead, the one-size-fits-all regulations have hurt community banks, stunted the growth of small businesses, and limited credit options for lower-income Americans. As a member of the House Financial Services Committee, I am working to provide our small banks and credit unions relief from heavy-handed Dodd-Frank regulations that should never have been applied to them in the first place.

 

More on Financial Services

November 15, 2017 Press Release

WASHINGTON D.C. — Congressman Scott Tipton’s (CO-03) Congressional Accountability for Emergency Lending Act of 2017, a bill to implement Congressional oversight over the Federal Reserve’s 13(3) Emergency Lending practices, passed out of the Financial Services Committee and will now move to the House Floor. The bill cleared the Committee with a vote of 34-25.

November 1, 2017 Press Release

WASHINGTON D.C. -- During a hearing in the House Financial Services Oversight and Investigations Subcommittee, Vice Chairman Scott Tipton (CO-03), stressed the importance of guaranteeing that every federal dollar allocated for disaster recovery within the Department of Housing and Urban Development (HUD) is properly spent.

October 13, 2017 Press Release

Congressman Scott Tipton’s (CO-03) Taking Account of Institutions with Low Operation Risk (TAILOR) Act (H.R. 1116) has passed through the House Committee on Financial Services with a bipartisan vote and will now move to the House floor. The bill provides community banks and credit unions relief from onerous regulatory compliance burdens by requiring federal regulatory agencies to tailor regulations to fit the business model and risk profile of institutions.

October 6, 2017 Press Release

During a hearing in the House Committee on Financial Services, Congressman Scott Tipton (CO-03), pressed former Equifax Chief Executive Officer, Richard Smith, about the company’s protocol for notifying customers that their data has been breached and how to prevent harm to consumers in the future.

July 25, 2017 Press Release
Congressman Scott Tipton (CO-03) voted in support of H.J.Res. 111 to overturn the Consumer Financial Protection Bureau’s (CFPB) Anti-Arbitration Rule.
July 14, 2017 Press Release
Congressman Scott Tipton’s (CO-03) Making Online Banking Initiation Legal and Easy, or MOBILE, Act of 2017 (H.R. 1457) was the focus of a recent hearing on targeted regulatory relief for community financial institutions
July 13, 2017 Press Release
Led by U.S. Rep. Scott Tipton (CO-03), a bipartisan group of lawmakers sent a letter to U.S. Treasury Secretary Steve Mnuchin requesting that the Treasury better coordinate and streamline oversight of Bank Holding Companies, Savings and Loan Holding Companies, and their affiliates.
June 13, 2017 In The News
Did you know the Dodd-Frank Act of 2010 includes more regulations than all other laws signed by President Barack Obama combined?
June 12, 2017 Press Release
Did you know that the Dodd-Frank Act of 2010 includes more regulations than all other laws signed by President Obama combined?
June 8, 2017 Press Release
Congressman Scott Tipton (CO-03) voted in support of the Financial Creating Hope and Opportunity for Investors, Consumers, and Entrepreneurs (CHOICE) Act (H.R. 10).