Ballentine Provides Update on Reg Relief Action on Hill

ABA EVP James Ballentine released a minute-long Voicebyte today on what this week’s activity in the House of Representatives means for ABA’s campaign to Pass Reg Relief Now.

“Incremental steps are good signs for the banking industry,” Ballentine said, noting the three measures that Hensarling attached to the highway bill and two bills – easing strict regulatory asset thresholds and providing more flexibility for thrifts — that passed the House Financial Services Committee.

These developments are “great signs that Congress is beginning to pay more attention to the regulatory concerns of banks,” Ballentine explained. “But we have more work to do. Be on the lookout as we ask you to ask your members of Congress to Pass Reg Relief Now.”

As part of this week’s Pass Reg Relief Now efforts, ads featuring bankers appeared in CQ Weekly magazine and Politico’s website, both popular reads among policymakers, and with copies of the Washington Post delivered to Capitol Hill offices.