ABA’s government relations team has prepared an analysis of how Donald Trump’s presidential win and the continuing Republican majorities in Congress will affect the banking industry.
An analysis from ABA’s government relations team.
In a historic first and a turn of events unanticipated by most polls and election analysts, Donald Trump won the presidency last night. Republicans retained full control of Congress.
Starting tonight, the policymakers, regulatory officials and congressional staffers who attend Washington Nationals home games this summer will see more than a ballgame. They’ll also view messages at Nationals Park that reinforce the importance of the banking industry to America’s communities.
Nearly 30 CEOs from the American Bankers Association’s American Bankers Council — which represents midsize banks in the $4-110 billion asset range — will convene in Washington, D.C., today for two days of meetings with top regulators and lawmakers.
Congress voted yesterday to renew a part of the Servicemembers Civil Relief Act that provides one-year foreclosure protection for military personnel leaving active duty through 2017.
Speaking to the more than 1,000 attendees at ABA’s Government Relations Summit in Washington, D.C. today, Sen. Tim Scott (R-S.C.) criticized the Dodd-Frank Act, saying that the legislation created a “regulatory labyrinth” that has stymied banks’ ability to serve their customers and grow the economy.
Addressing a group of up and coming banking leaders during ABA’s Emerging Leaders Forum today, Rep. Will Hurd (R-Texas) encouraged bankers to be proactive about educating their lawmakers and congressional staff on the issues that matter to their institutions during visits Capitol Hill.
ABA and several other housing and mortgage associations wrote to Congress yesterday urging the House and Senate Budget Committees to include a provision in the FY 2017 Budget Resolutions prohibiting the use of Fannie Mae and Freddie Mac guarantee fees as a funding offset.