Congressman Ruben Hinojosa Announce House Passes Bipartisan Helping Expand Lending Practices In Rural Communities Act
Press Release
Congressman Rubén Hinojosa announced the U.S. House of Representatives approved H.R. 2672, the Helping Expand Lending Practices in Rural Communities Act, or the HELP Rural Communities Act H.R. 2672. This legislation was introduced by Congressman Andy Barr (R-Kentucky) and Congressman Hinojosa. This bill includes changes to the definition of "rural", which were proposed by Congressman Hinojosa. The change in the definition of the term rural is important because this bill now will provide individuals in rural areas like Hidalgo County, the right to petition for the area to be properly reclassified as "rural" and relieve the local community banks from burdensome regulations that unfairly limit their ability to lend and help create jobs in their communities.
"I want to thank Congressman Barr for his work on this very important bill, and for including the changes that I proposed," said U.S. Rep. Rubén Hinojosa. "Defining "Rural" on a county-level basis is too arbitrary, given the large size of counties in Texas and other Western states. There are many areas which are rural by definition and should be recognized as such. We need to ensure that community banks and credit unions are not prevented from investing in such rural communities. I am very pleased that this bipartisan bill will give many U.S. citizens the opportunity to obtain loans for their businesses and their personal needs."
Congressman Barr who introduced the HELP Rural Communities Act said, "I am glad that the House of Representatives came together and in a rare display of bipartisanship, passed another of my pragmatic solutions to help families and businesses access affordable credit," said Congressman Andy Barr (R-KY). "I am pleased that every Member of the House agreed with how logical this legislation is and supported its immediate passage by voice vote. I appreciate Congressman Ruben Hinojosa's input, which was instrumental to passing this important legislation, and I am glad that we can work together to advance commonsense solutions for our local communities."
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