On January 6th, 2015, Senator Marion Michael “Mike” Rounds was sworn into the United States Senate. Senator Rounds serves on five committees: Senate Armed Services; Banking, Housing and Urban Affairs; Foreign Relations; Indian Affairs; and Veterans’ Affairs.
Rounds previously served as the 31st governor of South Dakota from 2003 – 2011, easily winning reelection in 2006. From 1991 to 2000, he was elected five times to the South Dakota State Senate. In 1995, his colleagues selected him to serve as Senate Majority Leader, a position that he held for six years. During his time in state government, Rounds was committed to growing the economy, keeping taxes low and strengthening South Dakota families.
Our financial system has been stressed in recent years due to the collapse of the housing market, an economic downturn and the passage of Dodd-Frank, an ill-advised attempt to regulate the financial services industry. As a member of the Banking, Housing and Urban Affairs committee, my focus is to instill free-market principles to our financial institutions and roll back Dodd-Frank, which has wrongfully affected dozens of financial institutions in South Dakota.