USHCC Warns Senate Clarity Act May Accelerate Deposit Outflows
2026-07-23 22:19

Woofun AI reports that the United States Hispanic Chamber of Commerce (USHCC) submitted a letter to Senate leadership regarding the Clarity Act. The organization, representing millions of Hispanic-owned businesses, expressed concerns shared by community banks that the legislation could accelerate deposit outflows. USHCC argues the bill would diminish lending to Hispanic small enterprises and reduce capital investment in underserved areas.

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