Thune Leads Colleagues in Protecting Ag Industry from Biden’s Radical Environmental Agenda
U.S. Sen. John Thune (R-S.D.) on Wednesday led his colleagues in raising concerns about the Biden administration’s use of the financial regulatory system to advance its radical environmental agenda under the guise of mitigating banks’ and credit unions’ exposure to climate risks. The senators emphasize that the administration’s current efforts could harm farmers’ and ranchers’ access to capital and compromise our nation’s food security.
“The viability of farms and ranches across the nation are essential to the viability of rural America and our nation’s food security,” the senators wrote. “That is why the rhetoric and actions taken by your administration to use the financial regulatory system as a back-door approach to set agriculture policy and advance such overreach is so concerning, as this downward pressure from Washington bureaucrats is not only felt by Wall Street firms, but by our nation’s smallest banks and credit unions as well.