WASHINGTON – U.S. Senator Kevin Cramer (R-ND), a Senate Banking Committee member, met with JP Morgan Chase CEO Jamie Dimon in the senator’s office this week. The two discussed the senator’s Fair Access to Banking Act and ways to responsibly achieve climate goals in the United States.
“I am very encouraged by my meeting with Mr. Dimon,” said Senator Cramer. “I believe he has a good understanding of my concerns regarding financial institutions categorically discriminating against legally operating industries, and he seems to clearly recognize working to reduce our carbon footprint does not mean shutting down America’s fossil fuel industry and ruining our economy in the process. I look forward to working with him and his peers on those and other mutual goals.”
The Fair Access to Banking Act is Senator Cramer’s bill backed by over 30 senators and a wide array of stakeholders which would prevent financial service providers from discriminating against constitutionally-protected industries and law-abiding, credit worthy businesses. It builds off of the Trump Administration’s Fair Access Rule and expands on legislation Senator Cramer introduced last Congress. Learn more here.
During the meeting, Mr. Dimon confirmed Chase will be opening new branches in North Dakota, and he will be visiting the state later this year.
“North Dakota is ripe with economic opportunity,” said Senator Cramer. “Chase’s expansion into our state will be a welcomed presence that will help meet the financial needs of our constituents as our economy and workforce grows.”