2017: Our Best Shot For Significant Reform
Max Cook, MBA President and CEO
As you read this, Donald Trump will already have been sworn in as the 45th president of the United States. His first 100 days in office will be scrutinized by everyone — from those who elected him and those who didn’t, Congress, Republicans, Democrats, the media, foreign leaders — everyone will be watching.
Our industry is not an exception. After years of burdensome regulations that stifled growth in our communities, we’re ready to chart a new course — one that embraces and stimulates policies that create jobs, grow our economy and help us, the banking community, to serve our customers.
Amid the president’s first 100 days is the Governmental Relations Summit sponsored by the American Bankers Association. Scheduled March 20-22 in Washington, D.C., this free program is a significant opportunity for us to be a part of conversations for reviving our economy.
Folks, if there was ever a time for us to make our presence known in D.C., this is it. This year, we need discussions and debates focusing on regulatory relief for the banking industry. Reg relief has been our battle cry for the last several years, and we can’t stop now. We must be relentless in sharing our message with senators and representatives.
In 2017, we need our lawmakers to pass significant reforms that undo the harm inflicted by Dodd-Frank that has crippled our industry for nearly seven years. We need President Trump to enact those measures so we can more easily help local businesses revive our communities’ economy.
We can make this happen. It begins by attending the GR Summit in Washington.
During the GR Summit, you will meet with Missouri’s congressional delegation and federal regulators. In these conversations, you can explain the importance of passing meaningful reform this year and what it signifies for the communities they represent. Their actions on banking matters will determine if the economic conditions of their communities back home will flourish or flounder.
And, Missouri is extremely fortunate to have Rep. Blaine Luetkemeyer leading the way to reignite our nation’s economy. Luetkemeyer serves as chairman of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, the most vital committee for the banking industry. As a banker and small business owner, he knows the struggles facing banks and businesses, and he’s determined to change the regulatory burdens that have stifled economic growth.
Likewise, Congresswoman Ann Wagner knows the economic hardships borne by working families. As chair of the Oversight and Investigations Subcommittee, Wagner wants to eliminate unnecessary regs and create an environment of economic opportunity for Americans.
If ever there was a time that bankers needed to get energized for change, the time is now. Once 2018 arrives, attention in D.C. turns to congressional elections, and it is quite difficult to pass legislation during an election campaign. We can’t afford to wait another year.
2017 is our best shot for significant reform. I urge you to join your colleagues and me in Washington for the GR Summit as we set out to revitalize our economy and strengthen our communities.