Doug LaMalfa is a fourth generation rice farmer and business owner who has lived in Northern California all his life. Doug attended local schools and grew up learning the value of hard work and community service. Doug earned his degree in Ag/Business from Cal Poly San Luis Obispo. He now manages the family farming business originally founded by his great-grandfather in 1931.
Doug is a strong voice for the North State’s agriculture and resources based economy and for the first district’s farms and businesses.
Financial Services are critical to the vitality of our economy. Our businesses and entrepreneurs require access to capital, stable financial markets, and regulatory clarity in order to grow and create jobs.
Unfortunately, federal bailouts and burdensome regulations have created a climate of uncertainty, and the volatility is a direct consequence of these misguided policies. The Dodd-Frank Act created massive new government bureaucracies that give too much authority to federal regulators. Dodd-Frank should be repealed so we can rein in federal bureaucrats and regulations that pose a threat to our economic recovery. That is why I have supported legislation to repeal the “too big to fail” designation, which has all too often left many small and medium-sized community banking institutions “too small to succeed.”
By maintaining stable financial markets that allow startup companies, students, individuals, and small business to get loans, we will lay the groundwork for future economic success. The first step is to get the federal government out of the way. In Congress, I will always work to ensure the federal government does not interfere in areas it doesn’t need to.
For more information concerning my work and views related to Financial Services, please contact me.