I’m focused on removing barriers to capital for manufacturers and small businesses, encouraging heavy investment, and securing the good-paying jobs that Indiana’s manufacturing economy is built on. Last, but certainly not least, is the dire need to push back against the influence of Communist China. The Banking Committee oversees important agencies that are meant to protect American companies from being undercut and destroyed by foreign adversaries. For example, the Department of Commerce’s Bureau of Industry and Security oversees export controls, which are meant to stop foreign adversaries like the Chinese Communist Party from getting their hands on cutting-edge technology that could empower their militaries. Under the Biden administration, the Bureau of Industry and Security refused to enforce strong export controls and refused to provide Congress with the info we need to make them do their jobs. As a result, China has made huge leaps in the tech race against the U.S. This is not a problem we can ignore. I recently introduced the Maintaining American Superiority by Improving Export Control Transparency Act alongside Sen. Mark Warner, D-Va., to protect American companies from this kind of technology theft. Combatting this threat makes all Americans safer and more secure. Taken together, I believe these four initiatives will help reinvigorate the promise of the American Dream for working families. I’m grateful to be a member of the Senate Banking Committee and look forward to leveraging my position to strengthen the Hoosier economy. Jim Banks U.S. Senate Sen. Banks is a native Hoosier, born and raised in Columbia City. He is a past president of the Columbia City Rotary Club, former chairman of the Whitley County Republican Party and has served on the Whitley County Council and Northeast Indiana Workforce Development Board. Sen. Banks is a member of the U.S. Senate Banking Committee. MAY/JUNE 2025 41 NFP helps banks achieve their financial goals, manage benefit liabilities and enhance shareholder value through market knowledge, tailored executive benefit plan design, BOLI services and administration solutions. Our consultants are known for their knowledge, use of advanced financial products and solutions, and skillful development of welladministered BOLI and benefit programs. Insurance services provided by Equias Alliance, LLC, a subsidiary of NFP Corp. (NFP). Doing business in California as Equias Alliance Insurance Services, LLC, (License #0H52337). Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Kestra IS is not affiliated with Equias Alliance LLC or NFP. Investor Disclosures: kestrafinancial.com/disclosures Contact Todd Andritsch at todd.andritsch@nfp.com or 317.517.5000 (do not text)
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