Community banks are the lifeblood of small-town America—and they are slipping away. Each week, it seems, I read that another community bank has been sold or is contemplating a merger because of costly and complex compliance requirements. I doubt this was legislators’ intent when they passed the Dodd-Frank Act in the aftermath of the financial crisis. However, this has been the result. For me, the definition of frustration has been witnessing Congress’ inability to act to save our community financial institutions.

Even more frustrating is that Congress has ignored the logical solution to fixing the problem—tiered regulation—even though it has widespread support from industry leaders and numerous banking associations.

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