State Associations Urge Swift Passage of S. 2155

The state bankers associations wrote to Senate leaders today urging the Senate to swiftly consider and pass S. 2155, the bipartisan regulatory reform package championed by Senate Banking Committee Chairman Mike Crapo (R-Idaho) and Sens. Jon Tester (D-Mont.), Heidi Heitkamp (D-N.D.), Mark Warner (D-Va.) and Joe Donnelly (D-Ind.). The bill is expected to be brought to the Senate floor next week.

The American Bankers Association, state associations and grassroots advocates have been building momentum for the bill, which the state groups described as “a common-sense piece of regulatory reform legislation that will help our member institutions better serve their communities.”

Emphasizing that the post-financial crisis regulatory structure needs to be recalibrated, the state associations said that “Congress should appropriately tailor these regulations in ways that will promote economic activity without compromising systemic stability. S. 2155 is a productive step in moving towards achieving a correct balance of these two important objectives.”