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WASHINGTON – U.S. Senator Kevin Cramer (R-ND), a Senate Banking Committee member, met with Wells Fargo President and CEO Charlie Scharf to discuss the intersection of the energy and financial industries, including Senator Cramer’s Fair Access to Banking Act legislation.
“We can make great strides in lowering carbon emissions if we prioritize American innovation and independence, not industry-wide bans on producers who are key to our energy supply,” said Senator Cramer. “I am grateful Mr. Scharf took the time to discuss these issues and share his perspective. I am eager to continue working with him and others to advance mutually-supported solutions.”
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.
This meeting follows a similar discussion with JP Morgan Chase CEO Jamie Dimon last month, as well as the senator’s meeting with Goldman Sachs CEO David Solomon last week.
