The junior senator from South Carolina brings to the Senate experience running an insurance business, as a financial adviser, a member and chair of the Charleston County Council, a member of the South Carolina House of Representatives, and a member of the U.S. House of Representatives. But he is also bringing to the Senate Committee on Banking, Housing and Urban Affairs a great appreciation for the role of banks in a healthy economy.
"Banks play a critical role in helping make Main Street hum," he said at a November 23 gathering of business leaders in Salt Lake City, Utah. "But Dodd-Frank has erased progress and is destroying the American Dream," he said. "Unfortunately, it guarantees too big to fail, and also guarantees too small to succeed."
Senator Scott also expressed appreciation for what Friends of Traditional Banking did to help elect Cory Gardner and Joni Ernst last year. He is working hard with Senate Banking Committee Chairman Richard Shelby on building support for financial regulatory reform in 2015, and we applaud his continued efforts!