03.15.18

Senator David Perdue Talks Regulatory Rollback On Fox Business & Bloomberg TV

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) spoke with Maria Bartiromo on Fox Business’ Mornings With Maria and David Westin on Bloomberg TV’s Daybreak Americas about the Senate’s most significant roll back of regulations since Dodd-Frank was signed into law.

Click here or click on the image below to watch the Fox Business interview.

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Fox Business Highlights: 

Targeted Approach: “Since President Trump was inaugurated he has been talking about creating a level-playing field with a measured approach. Last year, he said job one was growing the economy and we focused on regulations, energy, and taxes. You see the early stages of those results. Now he wants equal access. His instincts are exactly right. I believe we’ll see a measured approach going forward.”

Trade Matrix: “At Reebok we worked off a trade matrix. We had countries where we made products and countries where we sold products. We were transferring products across borders all the time. Trade is a matrix in which you’ve got countries, industries, and product categories.”

Protecting American Workers: “The President is standing up to protect American workers, jobs, and companies to create equal access and a level playing field. There is absolutely nothing wrong with that.”

Results Are Clear: “I would love to see some time to let the economy breathe with the actions we’ve taken on regulations, energy, and taxes. Yesterday, we just passed this bipartisan banking bill that will free up over two trillion dollars of capital coming out of small community and regional banks. The economy is humming and it’s just in the early stages.”

Victory Lap: “Passing a bipartisan bill like this doesn't happen often in the Senate. I ran for the U.S. Senate to get results and that’s what the President wants too. This bill had bipartisan support with 16 Democrats voting for it. We fought hard for this in the Banking Committee. This is major and will absolutely stimulate the economy.”

America Leading: “Mike Pompeo is a great nomination. We’re headed in the right direction. I’ve traveled the world as a member of the Foreign Relations and Armed Services committees to meet with heads of state. What they want is American leadership and American partnership. They want consistency in partnership and that is what we're seeing today.”

Click here or click on the image below to watch the Bloomberg TV interview.

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Bloomberg TV Highlights:

Main Street America: “To grow the economy you have to free up capital that was locked up by prior regulations. There’s over $6 trillion of capital not at work in the economy. That’s a big deal. Two trillion of that is on the balance sheets of small community and regional banks. Yesterday, we changed the reserve requirements and lowered the regulatory burden on these small banks. That will have a stimulative effect on Main Street America.”

Huge Accomplishment: “Small community and regional banks had nothing to do with the 2008 and 2009 financial crisis and yet they got wrapped up in this blunt instrument called Dodd-Frank. I’m excited about this bill we passed yesterday. We fought hard for this. It went through regular order and had bipartisan support. This is a remarkable accomplishment.”

Parallel Access: “I’ve been involved in trade my entire career working across borders to transfer products back and forth. America has always been a trading country. President Trump’s instinct are correct. We need a level playing field. If you want access to our markets, we want access to yours and we want legal activity. We want a level playing field for our workers and companies.”

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Senator Perdue is the only Fortune 500 CEO in Congress and is serving his first term in the United States Senate, where he represents Georgia on the Armed Services, Banking, Budget, and Agriculture Committees.