ABA President and CEO Rob Nichols, Chairman-Elect Ken Burgess and EVP James Ballentine met with House Financial Services Committee Chairman Jeb Hensarling (R-Texas) in Dallas yesterday to discuss regulatory reform plans for the 115th Congress. Hensarling expects to advance a wide-ranging reform bill that includes several ABA-advocated relief provisions for banks of all sizes and has invited ABA and other financial trade groups to provide additional feedback and ideas.
The meeting underscores the increased potential for winning meaningful reg relief in Congress this year. Bipartisan support will still be needed for legislation to clear the Senate, however. That is why ABA is urging as many bankers as possible to attend the Government Relations Summit on March 20-22 and come to Washington to personally lobby members of Congress.