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The US Hispanic Chamber of Commerce sent a letter to the Senate, saying that the "Clarity Act" may accelerate the outflow of deposits and reduce small business lending
PANews July 23 news: Former Fox Business reporter Eleanor Terrett said that the U.S. Hispanic Chamber of Commerce (USHCC) claims to represent millions of Hispanic businesses nationwide. This week, it sent a letter to Senate leaders, saying—just like community banks—that it is concerned the Clarity Act could accelerate deposit outflows. The organization believes the bill would reduce lending to Hispanic small businesses and weaken investment in underserved communities.