In his role on the U.S. Senate Committee on Banking, Housing and Urban Affairs, Daines has jurisdiction over monetary policy, banking, housing (including veterans housing), insurance, financial markets, trade promotion, and urban development.
Daines Statement on Biden’s Calls for Increased Regulation of Banking Sector
U.S. Senate — U.S. Senator Steve Daines, member of the U.S. Senate Banking and Senate Finance Committees, today released the following statement in response to President Biden’s calls for increased regulation on the banking sector: “The Biden administration has a perfect record at never letting a crisis go to waste in order to pound the private sector with more burdensome regulations. Two things clearly accelerated SVB’s collapse: crushing inflation from Democrat spending and the same woke nonsense the Biden administration has been obsessing about for two years. What we don’t need is more onerous regulations on well-managed and sound Montana banks that didn’t
At Senate Leadership Press Conference Daines Bashes Biden’s Big Bank Bailout, Reckless Financial Policies￼
To watch Daines’ remarks, click HERE. U.S. SENATE –U.S. Senator Steve Daines today delivered the following remarks at the weekly Republican Senate Leadership press conference slamming the Biden administration for their big bank bailout and reckless financial policies that cost Montanans. “We’ve been watching President Biden in the Senate Democrats’ very reckless financial policies and we’re seeing crisis, after crisis, after crisis. And now, the chickens are coming home to roost. “Wasteful spending has led to the highest inflation rates we’ve seen in the United States in 40 years. And now, these bank bailouts are going to put Montana banks and Montana families on the
Daines Introduces Bipartisan Bill to Increase Public Safety, Support Montana Small Businesses
U.S. SENATE—U.S. Senator Steve Daines today introduced a bipartisan bill, the “Secure and Fair Enforcement (SAFE) Banking Act,” to ensure that legal cannabis businesses have access to banks, credit unions and other financial institutions. Today, many legal cannabis businesses must conduct all of their business entirely in cash. “Montana businesses shouldn’t have to operate in all cash—they should have a safe way to conduct business,” Daines said. “My bipartisan bill will provide needed certainty for legal Montana cannabis businesses and give them the ability to freely use banks, credit unions and other financial institutions without the fear of punishment. This in turn will help increase public safety, reduce crime, support Montana small businesses, create jobs and boost local