For Immediate Release
June 7, 2016
ABA Media Contact: Jeff Sigmund
(202) 663-5439
Email: jsigmund@aba.com
Follow us on Twitter: @ABABankers

ABA Statement on Chairman Hensarling’s Dodd-Frank Remarks

By James Ballentine, ABA’s executive vice president of congressional relations and political affairs

​"We appreciate the work of Chairman Hensarling and members of the House Financial Services Committee as they strive to remove regulatory impediments that stand in the way of economic growth.
 
“Members from both sides of the aisle agree that parts of Dodd-Frank just aren’t working. Any law that generates more than 24,000 pages of proposed and final rules will inevitably include problems that should be fixed. 
 
‘We look forward to working with the committee and anyone who will help remove obstacles that make it harder for America’s banks to serve their customers and meet the needs of their local communities.”
 
The American Bankers Association is the voice of the nation’s $16 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $12 trillion in deposits and extend more than $8 trillion in loans.
 
# # #