Community bank grassroots advocacy was instrumental in passing the S. 2155 regulatory relief law and remains critical to advancing additional reforms, Senate Banking Committee Chairman Mike Crapo (R-Idaho) told community bankers in Washington.
Crapo: Grassroots Advocacy Works
May 01, 2019 / By ICBA
Community bank grassroots advocacy was instrumental in passing the S. 2155 regulatory relief law and remains critical to advancing additional reforms, Senate Banking Committee Chairman Mike Crapo (R-Idaho) told community bankers in Washington.
Community bank grassroots advocacy was instrumental in passing the S. 2155 regulatory relief law and remains critical to advancing additional reforms, Senate Banking Committee Chairman Mike Crapo (R-Idaho) told community bankers in Washington.
Addressing the 2019 ICBA Capital Summit, Crapo said community bank regulatory relief is contributing to the nation’s continued economic growth. Nevertheless, oversight of the law’s regulatory implementation—including capital relief—remains an important priority.
Crapo cited additional community banking issues that Congress is working to address, including housing-finance reform, reauthorizing the National Flood Insurance Program, and extending data privacy and security protections to other sectors as fraud losses mount. “The place where the loss was caused is the place where the loss should be compensated,” he said.
Crapo—the lead sponsor on S. 2155 and a key advocate of tax reform as a member of the Senate Finance Committee—ultimately encouraged community bankers to continue advocating to achieve their legislative goals. “Grassroots politics works,” he said.
While community bankers in Washington are meeting with lawmakers on several industry priorities, those back home can support their colleagues with customizable messages to Congress using ICBA’s Virtual Capital Summit.
Contact Congress Today
Addressing the 2019 ICBA Capital Summit, Crapo said community bank regulatory relief is contributing to the nation’s continued economic growth. Nevertheless, oversight of the law’s regulatory implementation—including capital relief—remains an important priority.
Crapo cited additional community banking issues that Congress is working to address, including housing-finance reform, reauthorizing the National Flood Insurance Program, and extending data privacy and security protections to other sectors as fraud losses mount. “The place where the loss was caused is the place where the loss should be compensated,” he said.
Crapo—the lead sponsor on S. 2155 and a key advocate of tax reform as a member of the Senate Finance Committee—ultimately encouraged community bankers to continue advocating to achieve their legislative goals. “Grassroots politics works,” he said.
While community bankers in Washington are meeting with lawmakers on several industry priorities, those back home can support their colleagues with customizable messages to Congress using ICBA’s Virtual Capital Summit.
Contact Congress Today
Subscribe now
Sign up for the Independent Banker newsletter to receive twice-monthly emails about new issues and must-read content you might have missed.
Sponsored Content
Featured Webinars
Join ICBA Community
Interested in discussing this and other topics? Network with and learn from your peers with the app designed for community bankers.
Subscribe Today
Sign up for Independent Banker eNews to receive twice-monthly emails that alert you when a new issue drops and highlight must-read content you might have missed.
News Watch Today
Join the Conversation with ICBA Community
ICBA Community is an online platform led by community bankers to foster connections, collaborations, and discussions on industry news, best practices, and regulations, while promoting networking, mentorship, and member feedback to guide future initiatives.
Join the Community Example Text
