WASHINGTON, Feb. 11 -- Sen. Ted Budd issued the following press release:
U.S. Senator Ted Budd's (R-N.C.) bipartisan Tailored Regulatory Updates for Supervisory Testing (TRUST) Act, aimed at increasing the examination threshold for well-managed institutions from $3 billion to $6 billion in total assets to qualify for an extended 18-month exam cycle. The TRUST Act would allow qualifying community banks to focus more on providing financial resources to Main Street, such as small-business lending and home mortgages. This landmark legislation has gained widespread support across major banking associations:
"The North Carolina Bankers Association would like to thank Senator Ted Budd for introducing the Tailored Regulatory Updates for Superviso...