Manchin earns spot on Senate Banking Committee - Beckley, Bluefield & Lewisburg News, Weather, Sports

Manchin earns spot on Senate Banking Committee

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Sen. Joe Manchin, D-W.Va., is the newest member of the U.S. Senate Banking Committee.

Manchin, who was just elected to a full, six-year term in November, also serves on the Senate Energy, Armed Services and Aging committees. Manchin said he is concerned about the viability of small, community banks that may be forced to shut down because of the Dodd-Frank Act.

"At a time when our economy is still wounded and recovering ever so slowly, it is important that our community banks and local credit unions serve their customers and communities to the best of their ability," Manchin said. "We need to make sure that our community banks can provide a greater range of financial services and allow financial institutions to raise capital responsibly. Our banking system can become more transparent while ensuring banks and credit unions can provide responsible loans to businesses to create jobs and decrease the unemployment rate."

Manchin said he's looking forward to working with senators from both parties to help fix the nation's financial problems.

"It is a critical time in our nation's history where we need to put politics aside and look toward fixing today's problems for our children and our children's children," Manchin said.