we'll start with mitch mcconne mcconnell. >> today the senate will vote to consider s2155. the economic growth and regulatory relief and consumer protection act. the bill recognizes a simple truth. street credit unions are not in the same as a multitrillion dollar banks on wall street

we'll start with mitch mcconne mcconnell. >> today the senate will vote to consider s2155. the economic growth and regulatory relief and consumer protection act. the bill recognizes a simple truth. street credit unions are not in the same as a multitrillion dollar banks on wall street. simple enough but at present are laws failed to account for it. since washington imposed the regulations in 2010, small-scale lenders have been subjected to regulatory, compliance and regulatory demands designed with the country's largest banks in mine. todd frank's enormous burden has been an efficient and unhelpful for financial institutions of all sizes but it hit main street lenders especially hard. many banks have had to hire additional staff and expend additional resources solely to deal with the burden. according to a survey last year these have risen to an average of 24% of net income. community bank costs have risen to an average of 24% of net income. this crowds out the capital available for families and businesses. community banks provide over 50% of small business loans and 80% of