Rep. Loudermilk’s Weekly Newsletter

On May 10, an array of state business organizations, headlined by the Georgia Chamber of Commerce, released an op-ed titled, “Georgia’s Growing Labor Crisis,” bemoaning a “lack of available workforce” thanks to the $300 per week federal unemployment supplement.

Among the proposals advanced by the groups was an appeal to “Suspend additional federal unemployment benefits and direct available funds to a statewide job signing bonus program or other back-to-work initiative that helps match jobs to job seekers.”

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The House voted on Thursday to dismantle a Trump-era rule that sought to make it easier for national banks to make and sell loans through fintech partnerships.

Following the Senate’s lead from early May, the House voted 218-208 to rescind an Office of the Comptroller of the Currency regulation known as the “true lender” rule using the Congressional Review Act. The measure now goes to President Joseph Biden’s desk, where he is expected to sign it into law.

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