Treasury Secretary Janet Yellen this week called on House Ways and Means Committee Chairman Richard Neal (D-Mass.) to include in the reconciliation package the Biden administration’s controversial provision that would require financial institutions to report information to the IRS on gross inflows and outflows on customer accounts above a de minimis level of $600—a provision strongly opposed by the American Bankers Association.
Banker Mike Pate is a longtime public servant with a passion for industry advocacy.
As bankers prepare to head to Capitol Hill tomorrow, two freshman lawmakers shared insights on what makes for successful advocacy with attendees to ABA’s Emerging Leaders Forum.
ABA this fall will pilot a program designed to help bankers run for state or federal office as part of its efforts to promote a pro-growth policy environment in Washington.
Senate Banking Committee Ranking Member Sherrod Brown (D-Ohio) and House Majority Whip Steve Scalise (R-La.) will speak at ABA’s Government Relations Summit, March 20-22 in Washington, D.C.
After the conclusion of the political campaigning season, bankers go to work to advocate for the industry.
Kish Bank CEO Bill Hayes says it’s up to every member of the industry—from teller to executive—to play an active role in advocacy.