Source: United States Senator Kevin Cramer (R-ND)
BISMARCK – U.S. Senator Kevin Cramer (R-ND), member of the Senate Banking Committee, participated in a legislative panel and delivered remarks at a luncheon during the Independent Community Banks of North Dakota’s (ICBND) annual convention today.
“With 75 community banks operating across the state, North Dakota recognizes and protects the critical role independent community banks play in supporting both main street and families across the state. Today’s legislative panel and luncheon provided a great opportunity to hear from community bankers firsthand about their challenges and legislative priorities amidst President Biden’s economic recession and record-high inflation,” said Senator Cramer.
Senator Cramer joined Senator John Hoeven (R-ND) and North Dakota state representatives on the legislative panel where they discussed funding opportunities for carbon capture. Senator Cramer also highlighted key banking legislation he co-sponsors such as the Fair Access to Banking Act, which prevents discrimination by banks and financial service providers against constitutionally-protected industries and law-abiding businesses, Investor Democracy is Expected (INDEX) Act, which addresses problems stemming from the consolidated corporate ownership and voting power within Wall Street’s largest investment advisers and their index funds, and SAFE Banking Act, which generally prohibits a federal banking regulator from penalizing a depository institution for providing banking services to a legitimate cannabis-related business.