Communities waiting for relief and growth opportunities
Washington, D.C (May 7, 2018)—The Independent Community Bankers of America® (ICBA) today submitted to the House of Representatives a petition of more than 10,000 community bank employees and allies urging immediate passage of the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155). The petition includes signers from across the nation united in support of S. 2155, which the Senate passed in March on a bipartisan 67-31 vote after community bankers sent more than 10,000 messages supporting the bill.
“S. 2155 is a robust package of community bank regulatory relief measures that will strengthen economic growth, job creation, and consumer protection,” said ICBA Chairman Timothy K. Zimmerman, CEO of Standard Bank in Monroeville, Pa. “Community bankers and their customers urge the House to seize the moment and immediately pass the bipartisan S. 2155, which will benefit local communities and constituents for generations to come.”
The petition notes that both chambers of Congress have exhaustively debated community bank regulatory relief for several years and that President Donald Trump has vowed to sign S. 2155 into law. Further delay or inaction could derail the bill’s current momentum—preserving costly and disproportionate regulatory burden, harming consumers and small businesses, and leaving continued industry consolidation unaddressed.
“ICBA thanks the thousands of community bankers and industry allies who have signed the petition in support of common-sense regulatory reforms,” ICBA President and CEO Rebeca Romero Rainey said. “We look forward to continuing to work with the House to advance S. 2155 and additional regulatory relief through all available legislative channels.”
ICBA gathered signatures for the petition in recent weeks and thanks all who signed. This effort follows a 2017 petition in which more than 10,000 industry advocates expressed support for ICBA’s Plan for Prosperity.
View ICBA’s petition here.
The Independent Community Bankers of America®, the nation’s voice for nearly 5,700 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit ICBA’s website at www.icba.org.