ICBA Thanks President Trump for Regulatory Freeze

Washington, D.C. (Jan. 21, 2025) — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on President Donald Trump’s executive order freezing new rulemakings.

“ICBA and the nation's community banks thank President Donald Trump for his executive order freezing new federal rulemakings. Recalibrating the regulatory environment is long overdue, with excessively burdensome banking rules hindering economic growth in local communities.

“With the Trump administration and new Congress offering a historic opportunity to make significant improvements to financial services policy, ICBA’s ‘Repair, Reform, and Thrive’ plan and our recent open letter to the 119th Congress outline comprehensive reforms that address our most pressing policy challenges. ICBA’s plan offers a regulatory and legislative agenda to fix broken regulations harming communities, unleash the power of locally based banking, and fuel the future of community banking.

“We look forward to working closely with the new Trump administration and 119th Congress to address excessive regulatory burdens and implement needed reforms to federal banking policy to help community banks meet the needs of local communities.”

About ICBA

The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.

As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.