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Video of Greg Ohlendorf, President & CEO, Testimony and Q&A during Dodd-Frank Act Hearing in Washigton DC

On Thursday, June16, the House Small Business Committee Subcommittee on Economic Growth, Capital Access and Taxes held a hearing entitled The Dodd-Frank Act: Impact on Small Business Lending. The hearing took place in Room 2360 of the Rayburn House Office Building.

The hearing examined the regulatory structure of financial institutions, including the new provisions of the Dodd-Frank Act. The hearing will also examine the regulations being proposed to implement the Act that have the greatest impact on small financial institutions and on small business lending. Along with Dodd-Frank, many financial institutions are facing increasing pressure from federal regulators concerned about additional bank failures. This increased pressure has the potential to hamper small business lending since some regulators are taking a disproportionally stringent view of small business lending and loan performance. Witnesses will discuss the direct impact of the new law and offer solutions to minimize the burdens.

Mr. Greg Ohlendorf's Opening Statement during the Dodd-Frank Act: Impact on Small Business Hearing

 

Subcommittee Chairman Walsh's Q&A during the Impact of Dodd-Frank Act hearing

About First Community Bank and Trust
First Community Bank and Trust is a privately owned bank. Established in 1916 First Community Bank and Trust has been serving Beecher, IL, Peotone, IL and the surrounding communities for over 95 years. Our commitment to providing the best banking products and services is matched only by our outstanding customer service. We offer traditional community banking services, including mortgage, consumer, and commercial lending, as well as state of the art electronic banking services.

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