Academic journal article ABA Banking Journal

Bipartisan Spirit in the Air at ABA 2019 Washington Summit

Academic journal article ABA Banking Journal

Bipartisan Spirit in the Air at ABA 2019 Washington Summit

Article excerpt

As the cherry blossoms bloomed in the nation's capital earlier this spring, more than 1,300 bankers came to Washington, D.C., to advocate for pro-growth policies and take part in the 2019 ABA Washington Summit.

While the dynamics in Congress have shifted since the passage of the S. 2155 regulatory reform law, ABA President and CEO Rob Nichols was quick to point out that many opportunities still exist for bipartisan collaboration on efforts including anti-money laundering reform, cannabis banking, data security and GSE reform.

"We are banking on bipartisanship," Nichols said. "There are more opportunities--even with a divided Congress--to put in place commonsense policy solutions that allow you to better serve your customers, clients and communities, and in the process, help the economy grow and create even more jobs."

Congressional Leaders Lay Out Plans for Future Work

During the summit, bankers heard from top banking policy leaders in both the House and Senate who laid out plans for future legislative efforts. Financial Services Committee Chairwoman Maxine Waters (D-Calif.) said the committee would focus on housing reform, cannabis and Bank Secrecy Act/anti-money laundering reform. In the Senate, housing finance reform and data security are top priorities, according to Banking Committee Chairman Mike Crapo (R-Idaho).

Eyes on the Economy

In a discussion with ABA Chief Communications Officer Peter Cook, former White House Council of Economic Advisers Chairman Kevin Hassett said that the U. …

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