In a recent statement, Travis Horr, the Director of External Affairs for Better Markets, highlighted the organization's proposed agenda for banking and finance reforms in the upcoming 119th Congress. The statement emphasizes the importance of maintaining protections for consumers and workers while resisting deregulation efforts that could undermine financial stability. Horr noted that many lawmakers campaigned on promises to reduce costs and improve economic fairness, and it is now up to them to deliver on these commitments. The agenda focuses on preventing excessive fees, strengthening the financial sector against crises, reducing borrowing costs, and expanding opportunities for wealth-building among ordinary Americans.

The transition into the new administration brings significant expectations from both policymakers and the public. With a unified Republican government, there is an opportunity to implement meaningful changes in the financial sector. However, Horr cautioned that this process should not involve indiscriminate deregulation, which could harm consumer interests. Instead, he advocated for a measured approach that prioritizes responsible policies over short-term gains. Better Markets has outlined specific steps that Congress can take to protect consumers and ensure long-term economic stability. These include measures to eliminate unnecessary fees, enhance regulatory oversight, and promote fair lending practices.

Better Markets emphasized the need for vigilance against lobbying efforts by financial institutions that may seek to weaken regulations. The organization believes that strong safeguards are essential to prevent another financial crisis and to ensure that the benefits of economic growth are shared more equitably. By focusing on policies that empower everyday citizens, Congress can help create a more resilient and inclusive financial system. This would enable more Americans to achieve homeownership and access affordable credit, ultimately contributing to broader economic prosperity.

The coming session of Congress presents a pivotal moment for shaping the future of the financial industry. As lawmakers consider various proposals, they must remain committed to protecting the interests of consumers and workers. Through thoughtful legislation and robust oversight, it is possible to build a financial system that serves all Americans and fosters sustainable economic growth. Better Markets will continue to advocate for policies that prioritize fairness and stability, ensuring that the American Dream remains within reach for everyone.