As a small business owner facing burdensome regulations and excessive red tape, I was inspired to enter politics to help business owners have the best opportunities available to them. I have heard from many South Carolina business owners who continue to face challenges with issues like access to capital, data security, and reliable credit reporting.
I was fortunate to be selected to represent the Upstate on the House Financial Services Committee. This committee oversees important issues related to the economy, the banking system, and housing. Our state is also home to the fifth most flood insurance policies written in any state in the country. The House Financial Services Committee has jurisdiction over these important issues, and I am looking forward to giving our state and community a voice in the conversation.
The committee oversees real estate, banking, insurance, securities, and public and assisted living. It also has jurisdiction over the Federal Reserve System, the Department of Housing and Urban Development, the Federal Deposit Insurance Corporation, Fannie Mae and Freddie Mac, the World Bank, the International Monetary Fund, the Export-Import Bank, and the National Flood Insurance Program.
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Washington, DC — Today, Acting Assistant Attorney General Brian C. Rabbitt of the Criminal Division announced new charges and progress in Paycheck Protection Program Fraud cases. Since the program was enacted, 57 people have been charged with Paycheck Protection Program fraud. Congressman William Timmons (SC-04) released the following statement: