Florida’s proposed rule expansion will undermine economic freedom, stifle innovation and create an environment where state rules conflict with federal protections. More from @dlibsen in @Fla_Pol on the need to protect Florida values:

Florida’s proposed rule changes will limit consumer choice – adding red tape to the financial industry and missing the mark on safeguarding consumers in the Sunshine State. Learn more on the issue from @dlibsen in @Fla_Pol:

The Bank Secrecy Act is meant to safeguard Americans, NOT burden them. The STREAMLINE Act brings needed reforms so financial institutions concentrate on stopping real crime. Learn more from @southwestpolicy:

📈BUILDING MOMENTUM: Last week, @BankingGOP Chairman @SenatorTimScott introduced the STREAMLINE Act to modernize the BSA and increase the reporting thresholds for CTRs and SARs – building off of @POTUS and Congress’ work to restore balance in the U.S. financial system. More:

.@SenatorTimScott and @SenJohnKennedy recently introduced the Streamlining Transaction Reporting and Ensuring Anti-Money Laundering Improvements for a New Era (STREAMLINE) Act – modernizing the 1970 BSA. Learn more in @Forbes:

LISTEN HERE: @SenToomey joined @hughhewitt on his radio show to discuss the origins of politically motivated debanking and the solutions to enact lasting reform – highlighting reputation risk as the root of the problem. Listen to the full interview: https://t.co/ppGDuAeMm0

We’re proud to stand along @southwestpolicy in supporting the STREAMLINE Act – pushing for reforms that put an end to government-driven debanking. See why we’re advocating for fairer, modern banking policies: https://t.co/7jy1qccdpv

🎙️@SenToomey joined @hughhewitt on his radio show to discuss the current state of play to end government-driven debanking – highlighting the steps @POTUS and Congress have taken so far to address it and what they can do next. Listen to Sen. Toomey’s full interview:

This is an important step as @POTUS works to ensure fair access for all Americans. As I wrote in @thehill: “the single most effective step... to address the unintended debanking of lawful citizens is to modernize the anti-money laundering framework.”

.@BankingGOP Chairman @SenTimScott announced the introduction of the STREAMLINE Act – modernizing the BSA and updating the reporting thresholds for CTRs and SARs. Read our full statement on the important steps Congress is taking to restore balance in the U.S. financial system:

To ensure fair access in banking, we must: ✅ Modernize outdated regulations; ✅ Codify regulators’ removal of reputational risk; ✅ Root out the weaponization of the financial system. See what policy experts have to say about the push to end government-driven debanking:

Vague anti-money laundering rules have armed regulators with unchecked power – leading to government-driven debanking that pushes lawful Americans and businesses out of the financial system. New guidance from @USTreasury is a step in the right direction. 🧵1/4

RIGHTING WRONGS: “Reputation risk” has served as a catch-all for regulatory intervention – driven more by misuse of vague laws. Now, @FDICgov’s push to course correct marks a critical step toward fair, transparent and predictable financial regulation. Full details in @POLITICO:

.@USComptroller is focused on weeding out a root cause of debanking – outdated AML policies that shut out lawful businesses instead of targeting true financial crimes. More in @amerbanker on smarter oversight and lasting protections for Americans’ financial access:

🗣️ EXPERTS AGREE: Congress and federal agencies must continue to work on implementing @POTUS’ EO to fix the broken policies that contributed to government-driven debanking. See what leading experts are saying:

💢Operation Choke Point enabled unelected regulators to drive their political agenda through our banking system. Read the latest from @GoldwaterInst on how new reforms can hold bureaucrats accountable and restore true financial freedom: https://t.co/wOvzLttvvD

THREAT MADE REALITY: Overly broad regulations & outdated guidance allowed federal regulators to abuse “reputational risk” rules, making debanking more than a hypothetical. @jillhoman writes in @dcexaminer how Congress can pass laws guaranteeing fair access to banking for all

“Reputational risk” has been weaponized by regulators, using vague standards to push Americans out of the financial system for political reasons. @jillhoman details how unclear regulatory rules have put everyday Americans’ financial access at risk. More in @dcexaminer:

👏 Congratulations to Travis Hill on his @FDICgov nomination. We look forward to seeing the FDIC continue working to right-size regulation and advance policies that protect access and fairness in the banking system.

Important piece from @jillhoman @A1Policy on how regulators enabled debanking: https://t.co/xx2YTG1epR via @dcexaminer