Timeline: The path to regulatory relief

Take a closer look at how ICBA and its members worked to bring S.2155 regulatory relief from concept to reality for community banks.


January 2017:

ICBA launches an enhanced Plan for Prosperity
ICBA releases its enhanced agenda for regulatory relief, built off its original February 2013 plan.

March 9, 2017:

Community bankers go to the White House
One hundred community bank leaders meet with President Donald Trump and other senior administration officials to discuss how regulatory relief will bolster the U.S. economy.

June 8, 2017:

Scott Heitkamp testifies on Capitol Hill
Then-ICBA chairman Scott Heitkamp, president and CEO of ValueBank Texas, calls on the Senate Banking Committee to address the overregulation of community banks and promote bank customers’
access to capital.

Sept. 26, 2017:

10,000 community bankers make their voices heard
ICBA sends a petition to Sen. Mike Crapo (R-Idaho), chairman of the Committee on Banking, Housing, and Urban Affairs, and the Senate with 10,000 signatures from community bank employees and advocates urging legislative action on ICBA’s Plan for Prosperity.

Nov. 16, 2017:

S.2155 makes its debut
Sen. Crapo introduces the Economic Growth, Regulatory Relief, and Consumer Protection Act to the Senate.

This is just a sampling of ICBA’s S.2155 advocacy. Check out the full interactive timeline at icba.org/2155

Dec. 5, 2017:

It’s a yes from the SBC
The Senate Banking Committee passes S.2155 on a 16-7 vote.

Jan. 9, 2018:

N.Y. community banker speaks up
Robert Fisher, president and CEO of Tioga State Bank in Spencer, N.Y., testifies before the House Subcommittee on Financial Institutions and Consumer Credit in support of regulatory relief legislation in the Senate, including S.2155.

Jan. 24, 2018:

43 state community banking associations urge Senate to pass S.2155
ICBA encourages community banks nationwide to urge their senators to support the bill, leading to a flurry of op-eds in local newspapers and posts on social media.

March 2018:

ICBA blankets Capitol Hill with ads
ICBA runs ads in support of S.2155 in The Washington Post, Politico, Axios and other publications and websites popular with members of Congress.

March 14, 2018:

The Senate says yea
The Senate passes S.2155 in a 67-31 bipartisan vote.

April 2018:

ICBA community bankers storm Capitol Hill
Community bankers nationwide flock to Washington, D.C., for ICBA’s Capital Summit. They arrange more than 325 congressional meetings advocating for S.2155’s passage in the House.

May 22, 2018:

The House follows suit
The House passes S.2155 with a bipartisan 258-159 vote.

May 24, 2018:

President Trump signs S.2155 into law
The move will give consumers greater access to credit and business lending in Main Street communities nationwide.

Photo: Andrew Harrer/Bloomberg via Getty Images

It’s not over yet

Full implementation of S.2155 is a work in progress. Visit the ICBA Matrix for the latest developments: bit.ly/icbamatrix

Top