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Monday, March 31, 2025

Nebraska's Rep. Mike Flood discusses CFPB authority, capital access, and local innovations

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Rep. Mike Flood, U.S. Representative for Nebraska's 1st District | Facebook Website

Rep. Mike Flood, U.S. Representative for Nebraska's 1st District | Facebook Website

Recently, U.S. Representative Mike Flood shared his perspectives on financial policy and local innovation through a series of tweets. He addressed the Consumer Financial Protection Bureau (CFPB), access to capital, and highlighted unique developments in Nebraska.

On March 26, 2025, Rep. Flood criticized the Consumer Financial Protection Bureau for attempting to expand its authority during periods of Democrat leadership. He cited their rulemaking efforts as an example.

Later on the same day, he expressed a desire to improve nationwide access to capital. He emphasized the role of technology in removing geographical constraints and pushed for capital accessibility beyond Silicon Valley and the coastal regions. His thoughts were shared at a hearing of the Financial Services Committee.

On March 28, 2025, he highlighted a local innovation in Nebraska, termed the "#BeefState," where a new public facility operates continuously to provide fresh meats and cheeses through vending machines. This unique development was covered by Norfolk News.

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