A Missouri community bank CEO represented ABA and the banking industry today at a White House event highlighting the Trump administration’s regulatory reform agenda.

Thanks to a joint statement by the federal banking agencies today, the Dodd-Frank Act-mandated company-run stress tests have been ended for banks, as well as bank holding companies, with less than $100 billion in assets.

Reciprocal deposits can help banks succeed and keep local money working locally.

Reps. Steve Pearce (R-N.M.) and Blaine Luetkemeyer (R-Mo.) yesterday introduced an ABA-supported bill that would update several elements of the Bank Secrecy Act and other anti-money laundering laws and regulations.

The Federal Reserve Board today unanimously voted to propose a long-awaited set of changes to the Volcker Rule that is expected to simplify the rule’s compliance burdens and better target the rule’s effects toward intended activities.

President Trump today signed S. 2155 -- which was passed earlier this week by a bipartisan majority in the House -- into law.

In a landmark moment for post-crisis banking policy, the House today passed S. 2155, the Senate’s bipartisan regulatory reform bill.

Ahead of the House vote today that will determine the fate of S. 2155 -- the bipartisan Senate regulatory reform package -- ABA President and CEO Rob Nichols said that the bill “is a huge, important step forward -- we hope the first of additional steps -- to modernize and appropriately tailor the supervisory framework.”

The House will vote on S. 2155, the bipartisan financial regulatory reform bill advanced by the Senate in March, while the Senate will take up a set of bills passed by the House Financial Services Committee, according to an agreement announced by House Speaker Paul Ryan (R-Wis.) today.

House Majority Leader Kevin McCarthy (R-Calif.) said today that he expects the House to pass S. 2155, the bipartisan financial regulatory reform bill, sometime in May.