Independent Banker - July 2019 - 40

PORTFOLIO
speeches, mentioning several of the
same priority issues despite their
party differences.
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It was a notable moment, leading
the Economist to write that " The class
of the guests reflects the clout of the
hosts ... two powerful visitors " and
describing ICBA and its members as
" both deeply rooted in their home soil
and well organized. "
Crapo, a longtime community bank
ally, said community bank grassroots
advocacy was instrumental in passing
the S.2155 regulatory relief law
and remains critical to advancing
additional reforms. He noted that
community bank regulatory relief has
contributed to the nation's continued
economic growth and that oversight of
the law's regulatory implementation-
including capital relief-remains an
important priority.
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why you need to understand the
current perception of your FI by
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you no longer have to compete
solely on price.
Crapo cited additional community
banking issues 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-encouraged community
bankers to continue advocating to
achieve their legislative goals. " Grassroots
politics works, " he said.
Bipartisan attention
Waters pledged to continue working
with the industry on needed reforms.
" I have an open-door policy, " she said.
" This is your government and you
deserve to be heard. "
She said Congress continues working
to advance pro-community bank
policies, citing her panel's passage of
ICBA-supported legislation to establish
a federal safe harbor for banking
legal cannabis-related businesses.
Waters told attendees that the House
Financial Services Committee is working
to level the regulatory playing field
between community banks and other
entities, develop consumer safeguards
for fintech companies, scrutinize
industrial loan company (ILC) oversight,
modernize the Bank Secrecy Act
Preparing for the August recess
As members of Congress head home to their districts for August
recess, community bankers are primed to build on the summit's
momentum and keep issues like BSA modernization, ICBA's
Community Focus 2020 policy platform, data security and pushing
back against credit unions top of mind.
ICBA's August Recess Lobby card provides talking points on
REGISTER TODAY!
To register and view our full
library of free on-demand
webinars, visit the Independent
Banker Webinar Center at
Independentbanker.org
key issues to help you make your case with your senators and
representatives. But the most effective messages are the stories you
can tell about how legislation affects both your community bank and
its customers.
Whether you're following up on a previous meeting or making
contact for the first time, now is the time to schedule meetings with
your legislators.
Visit icba.org/advocacy to see the August Recess Lobby card and
to learn more about how you can advocate for your industry.
http://www.icba.org/advocacy http://www.Independentbanker.org
Independent Banker - July 2019

Table of Contents for the Digital Edition of Independent Banker - July 2019
