"I mean, Dodd-Frank is strangling small community banks. It doesn't make any difference what the interest rate is. They're not - they're not going to loan the money because they can't make any money for one thing plus the cost of compliance"

This quote by Rick Perry is describing the Dodd-Frank Wall Street Reform and also Consumer Protection Act, which was passed in 2010. The act was created to control the financial industry as well as shield consumers from predative practices. However, Perry is suggesting that the act is having a negative impact on tiny community banks. He is stating that also if the interest rate is high, these banks are unable to financing cash since the price of conformity with the act is too expensive. This is avoiding them from making a profit, and also thus they are incapable to provide cash. Perry is arguing that the Dodd-Frank Act is having an unfavorable effect on little area banks, which it should be reformed in order to allow them to make a profit and also lend cash.