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For Immediate Release
May 24, 2018
ABA Media Contact: Ian McKendry
(202) 663-5473
Email:imckendry@aba.com
Follow us on Twitter: @ABABankers

ABA Thanks President Trump for Signing Regulatory Reform into Law

By Rob Nichols, ABA President and CEO

​“We thank President Trump for signing this bipartisan legislation into law and for the administration’s strong support for financial regulatory reform. This bill includes important reforms that will allow banks, particularly smaller institutions, to focus more of their time and resources on serving their customers and communities.
 
"Today’s signing ceremony concludes years of dedicated advocacy by ABA members across the country who showed that some of the rules in place were hurting not helping the country. House and Senate lawmakers from both parties listened to what we and others had to say and delivered this victory for both their constituents and the broader economy. We believe there is more that can and should be done to right-size financial rules while maintaining needed safety and soundness, and we look forward to working with members of Congress, the regulatory agencies and the administration to achieve more progress in the months ahead.”
 
The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend nearly $10 trillion in loans. Learn more at aba.com.
 
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