| Dear fellow South Carolinians,
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Opportunity Tour: Miami, FL I was excited to be in Florida this past weekend with Senator Marco Rubio, on the first national stop of my Opportunity Tour. We spent Friday & Saturday visiting distressed communities and non-profit organizations that are working to revitalize low-income neighborhoods. Stops included the Overtown Youth Center in Miami, the Mexican American Council Parent Resource Center in Homestead, and the Urban League of Miami’s Liberty City/Model City. It was great to talk to so many people that could be positively affected by my Investing in Opportunity Act, which was strongly supported by my colleague Sen. Rubio. You can check out our op-ed in the Miami Herald here, and below are some pictures from our stops. Business of Insurance Regulatory Reform Act of 2018 Last Wednesday, I introduced the Business of Insurance Regulatory Reform Act of 2018, which is targeted, bipartisan legislation ensuring the Consumer Financial Protection Bureau (CFPB), which was created by the Dodd-Frank Wall Street Reform and Consumer Protection Act, does not regulate the business of insurance. This legislation aims to better codify the CFPB’s current boundaries in the insurance business and seeks to keep insurance regulation on the state level where it belongs. As someone who sold insurance for 23 years, I answered to our state’s insurance director in Columbia, not bureaucrats in Washington. Congress never intended for the CFPB to be an insurance regulator, and this bipartisan, commonsense bill ensures that our 150-year old system of state-based insurance regulation stays in place while keeping costs down for policyholders of all kinds. You can read more about the legislation here. WTAS: The Investing in Opportunity Act Last week marked the deadline for governors across the country to nominate their states’ opportunity zones as part of my Investing in Opportunity Act (IIOA). This is a very exciting time, and people across the country have reason to celebrate this legislation coming to life. From the White House, to Oklahoma, Colorado, Georgia, and beyond, hear what people are saying about the IIOA here. Sincerely,
Tim | 