Independent Banker - July 2018 - 7

FROM THE TOP
" The strong bipartisan
support we received in this
debate has shown what is
possible for community
banks in Washington. "
Tim Zimmerman
Chairman, ICBA
Tim Zimmerman is CEO of
Standard Bank, Monroeville, Pa.
Community bankers, you did it! Through
fierce persistence and determination, you
achieved the final passage of landmark regulatory
relief through the Economic Growth, Regulatory
Relief and Consumer Protection Act. By working
together and pressing relentlessly for needed
reforms, we will be better able to serve our customers
and communities.
Over many years, with ICBA leading the way,
we strategized, engaged and delivered meaningful
relief benefiting community banks of all sizes.
We identified specific examples of the crushing
regulatory burden we faced and offered tangible
solutions through ICBA's Plan for Prosperity.
Our advocacy included hundreds of meetings
with policymakers on Capitol Hill and at the
White House, tens of thousands of community
banker messages to lawmakers, congressional testimony,
joint state association letters, petitions,
articles and op-eds. Thanks to our never-say-die
attitude, we achieved bipartisan reforms amid a
hyper-partisan political environment.
This law, detailed at icba.org/2155, follows
many unsuccessful attempts. I'm sure somewhere
in the back of your brain they ring a bell: the
Communities First Act, the Financial CHOICE
Act, the CLEAR Relief Act. Time and time again,
we advanced legislation through the House only
to see it falter in the Senate.
Did you
know?
Community
bankers
sent more
than 15,000
messages to
Congress during
the debate over
the Economic
Growth,
Regulatory Relief
and Consumer
Protection Act.
But we refused to take " no " for an answer. We
recognized the new opportunities available to us
in the 115th Congress and Trump administration.
In meetings with officials from Congress,
the Treasury Department and the White House-
including President Trump himself-we found a
receptive audience and finally achieved the kind
of relief we've worked toward.
We all know there are plenty more regulations
in need of reform. ICBA is already leading
the charge in a litany of policy areas, including
the Bank Secrecy Act and Consumer Financial
Protection Bureau regulations, and leveling the
playing field with tax-exempt credit unions and
the Farm Credit System.
Here's the thing: The vote on regulatory relief
helps us build our case. The strong bipartisan
support we received in this debate has shown
what is possible for community banks in Washington,
and gives us more opportunities to
advance additional reforms.
While ICBA's quest for common-sense regulation
continues, we can all take pride in this
monumental achievement. You did it, community
bankers. THANK YOU!
Connect with Tim @TimZimPgh
independentbanker.org Q 7
http://www.icba.org/2155 http://www.independentbanker.org

Independent Banker - July 2018

Table of Contents for the Digital Edition of Independent Banker - July 2018

Table of Contents
Independent Banker - July 2018 - Intro
Independent Banker - July 2018 - Cover1
Independent Banker - July 2018 - Cover2
Independent Banker - July 2018 - Table of Contents
Independent Banker - July 2018 - 2
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Independent Banker - July 2018 - Cover3
Independent Banker - July 2018 - Cover4
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