USHCC sent a letter to Senate leadership, stating that the Clarity Act may accelerate deposit outflows

Former Fox Business reporter Eleanor Terrett stated that the U.S. Hispanic Chamber of Commerce (USHCC), which claims to represent millions of Hispanic businesses across the country, sent a letter to Senate leaders this week expressing concerns similar to those of community banks that the Clarity Act could accelerate deposit outflows. The organization believes that the bill will reduce loans to Hispanic small businesses and weaken investments in underserved communities.