As a member of the Senate Committee on Banking, Senator Britt has been committed to working alongside the Trump Administration and her Republican colleagues to roll back the Biden-Harris Administration’s aggressive rulemaking agendas. Whether it was the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), Securities and Exchange Commission (SEC), or Consumer Financial Protection Bureau (CFPB), the previous Administration’s continued attempts to over-regulate industry and small businesses were deeply concerning, and Senator Britt knows it was the end-user and the local institutions that were ultimately most impacted. Overly burdensome regulations on small community lenders restrict access to credit for our farmers, families, homebuyers, and small businesses. Senator Britt has been a strong voice for highlighting how the trickle-down effects of federal regulations impact every community and sector across our nation.
Her leadership led to her introduction of the Preventing Regulatory Overreach to Empower Communities to Thrive and Ensure Data privacy (PROTECTED) Act, which aims to shield our smallest financial institutions and Main Street businesses from regulatory overreach and excessive compliance costs and standards. She introduced the bill in response to the Biden-Harris Administration’s CFPB finalizing its 1071 Small Business Lending Data Collection rule in 2024, which subjected our smallest lenders and businesses to significant compliance costs and required the collection of consumers’ personal financial information. In the absence of a full repeal of this final rule, this legislation would reduce the number of small lenders and businesses impacted and significantly limit the data required to be collected and reported, to ensure consumers’ privacy is protected.
She is also the lead Republican Senate sponsor of the Small Entity Update Act to modernize the SEC’s regulatory framework to provide relief for small businesses and advisors. This bipartisan legislation would direct the SEC to update its outdated definition of “small entity” and assess the costs of regulatory compliance for these small and growing businesses. This would ensure current and future rulemakings from the SEC do not impose unnecessary or overly burdensome requirements on these businesses.
As Chairman of the Banking Subcommittee on Housing, Transportation, and Community Development, addressing our nation’s affordable housing crisis is a top priority for Senator Britt. She joined her Senate colleagues in passing the bipartisan 21st Century ROAD to Housing Act, a comprehensive housing package that takes important steps to increase access to affordable housing for Americans across the country by expanding and preserving housing supply, increasing oversight and efficiency of federal regulators and housing programs, and accelerating local leaders’ efforts to improve housing affordability. Several bills Senator Britt introduced were among those included in this legislative package, including the Helping More Families Save Act, the Housing Supply Expansion Act of 2025, and the Housing Unhoused Disabled Veterans Act, along with nearly a dozen additional proposals the Senator has supported or cosponsored. Senator Britt also helped to secure a study on the implementation of work requirements for certain recipients of the U.S. Department of Housing and Urban Development’s (HUD) federal assistance.
Senator Britt recognizes that the federal government has, for decades, continued to spend beyond its means and increase the national debt. In 2025, the cost of just paying interest on the national debt rose to $970 billion, making servicing the debt the second-largest federal spending program — over U.S. defense spending. At this rate, by 2033, we will owe over $1.4 trillion just in annual interest on our national debt. Americans know that this level of spending is simply unsustainable, which is why Senator Britt has worked closely with the Trump Administration and her colleagues, as a member of the Senate Department of Government Efficiency (DOGE) Caucus, on efforts to eliminate fraud, waste, and abuse within the federal government and significantly rein in excessive government spending.
Senator Britt knows that the United States economy is the envy of the world, as the U.S. dollar continues to be the world’s principal reserve currency. She believes that in order to reinforce the U.S.’s global dominance in the face of our adversaries, we must work expeditiously to protect taxpayers, reduce the size and scope of the federal government, and pass responsible appropriations bills through regular order. She will continue to work with her colleagues in the Senate on commonsense solutions that put hardworking Americans first – taxpayers do not want to see more reckless tax-and-spend sprees.
Senator Britt believes that we are all better served when our hard-earned income remains in our pockets, allowing every individual the opportunity to live the American Dream. She is committed to slashing the burdens on small businesses, from entrepreneurs just starting out to the established, family-owned shops on local Main Streets across our great state and nation, and will continue fighting tirelessly for the families they support.