Key Points
  • Consumer banking policies should encourage the increased availability of financial tools to unbanked and underbanked consumers, offer consumers a wide variety of investments and other financial services and enact safeguards to limit banks’ involvement in high risk investments.
  • Policymakers should prohibit political subdivisions from enacting lending ordinances or rules that would prevent persons from doing business with a political subdivision based on restrictions on lending practices.
  • The elimination of excessive housing regulations and increasing the production of affordable housing through free market mechanisms is an important component in encouraging economic growth.

The United States is among the most developed economies in the world. This has led to a standard of living that is simply unmatched throughout the world or throughout history. Even in such a developed and comparatively wealthy nation, policymakers still must allocate resources appropriately to encourage further economic development in their own communities and bring the benefits of a developed economy to their constituents. Encouraging economic development and adopting policies that promote that development rather than hinder it can mean an enormous improvement in the economic opportunity and quality of life for all people.

While there are myriad factors that contribute to economic development, making sure that businesses and individuals have access to capital is key. Capital and access to it is the catalyst for investment that drives job creation and economic security. Policymakers should also strive to ensure that businesses are not over-regulated. Overregulation costs the economy billions of dollars each year and hampers economic development by discouraging investment and entrepreneurship. Regulations should not proliferate to a point beyond reasonable public and consumer protections.

Creating a market-oriented housing policy that allows housing supply to fit demand and encourages the creation affordable housing through market forces can boost a state’s human capital and help to develop an area’s economy. As job opportunities grow, human capital must be there to sustain and benefit from the increased economic activity. Crafting polices that allow the most vulnerable among us to better themselves and their families by enacting common-sense housing reforms can be crucial in limiting people out of poverty.

Publications

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Model Policies

  • The Provisional Licenses for Ex-Offenders Act – PROPOSED AMENDMENTS IN PDF Draft

    Section 1. {Provisional License} (A) Notwithstanding any other law and unless the applicant has been convicted of an offense described by Section 2, a licensing authority shall issue to an otherwise qualified applicant who has been convicted of an offense: (1) The license for which the applicant applied; …

  • Right to Earn a Living Act – PROPOSED AMENDMENTS IN PDF Draft

    Right to Earn a Living Act Summary Among the rights Americans cherish the most are freedoms to pursue a chosen enterprise or profession. Yet of all the rights we deem fundamental, economic liberty has eroded most of all, to the extent that the …

  • The Occupational Licensing Defense Act – PROPOSED AMENDMENTS IN PDF Draft

    Summary: The purpose of this Act is to ensure that an individual may pursue a lawful profession free from unnecessary occupational regulations and protect those against the misuse of occupational regulations that reduce competition and increase prices to consumers. The government should use the least restrictive means of furthering important …

  • Natural Hair Braiding Protection Act – PROPOSED AMENDMENTS IN PDF Draft

    Section 1. {Purpose}        Natural hair braiding is a traditional practice that is safe.  It presents no significant health and safety risks to customers or practitioners.  This state should protect liberty.  It has no interest in requiring practitioners to obtain an occupational license or other form of occupational …

  • Council on Efficient Government Act Final

    Council on Efficient Government Act Summary This legislation is designed to create a council on efficient government whose purpose is to ensure that each state agency focuses on its core mission and delivers goods and services effectively and efficiently by leveraging resources and contracting with private sector vendors if …

  • Public Employee Bargaining Transparency Act Final

    Public Employee Bargaining Transparency Act Summary The public purpose of this Act is to avoid having public employees misled into forfeiting free speech rights and suffering financial losses. Section 1. Introduction A. The U.S. Supreme Court held in Janus v. American Federation of State, County, and Municipal Employees, Council …

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Task Forces

Commerce, Insurance and Economic Development

Members of the Commerce, Insurance and Economic Development Task Force believe that economic freedom is the cornerstone of prosperity. The …