U.S. Hispanic Chamber of Commerce Warns Senate That Clarity Act May Accelerate Deposit Flight

According to PANews, the U.S. Hispanic Chamber of Commerce (USHCC) sent a letter to Senate leaders this week (July 23), expressing concerns that the Clarity Act could accelerate deposit outflows and reduce lending to Hispanic-owned small businesses. The organization, claiming to represent millions of Hispanic enterprises across the country, warned the measure may weaken investment in underserved communities.
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