Press Releases

ICYMI: Senator Jim Banks on CNN discusses Fed Chair Powell, Trump Trade Wins

WASHINGTON, D.C. – Today, Senator Jim Banks (R-Ind.) appeared on CNN’s Inside Politics to discuss the Federal Reserve and President Trump’s historic trade agenda. Click the image above for the full discussion Key Excerpts: Sen. Banks: “…I know why the President is frustrated. All of the reasons that Powell has given us why interest rates haven’t gone down have been wrong. I mean he’s telling us; he’s testified before the Senate Banking Committee; I’ve met with him in private in my office. He blames tariffs, he blames inflation, but the facts speak for themselves, inflation has dropped to the lowest we’ve had since the first Trump term around 2%. Remember

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Indiana Mayors Praise Senator Banks’ Bipartisan Bill to Revitalize Communities, Build More Homes

WASHINGTON, D.C, – Last Thursday, Senator Jim Banks (R-Ind.) introduced the Revitalizing Empty Structures Into Desirable Environments Act with SenatorMark Warner (D-Va.). This bill would set aside funding within the Home Investment Partnerships Program (HOME) starting in 2026 for a new pilot program to help communities turn abandoned or run-down buildings—like warehouses, factories, hotels, strip malls, and other unused spaces—into new housing.  This effort will support both single-family and multi-family homes. This bill includes no new spending. Senator Jim Banks (R-Ind.): “Owning a home is such a big part of the American dream. But with prices so high, especially for young people, we have to get serious about building more homes. This bill is a commonsense way to revitalize our communities and give more families a

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Sen. Banks Introduces the VA Acquisition Reform Act

WASHINGTON, D.C, – Last week, Senator Jim Banks (R-Ind.) introduced the VA Acquisition Reform Act. This billwould streamline the chain of command for VA acquisition and procurement under the Chief Acquisition Officer, aligning with organizational reforms that the Department of Veterans Affairs is starting to make on its own. This is an important first step to make VA’s over $40 billion of annual contract spending more efficient and responsive to veterans’ needs.  Senator Jim Banks (R-Ind.): “I’m proud to lead this effort to cut through the red tape and make the VA’s systems work better and faster for our veterans. This bill makes sure the right people are

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