June 30, 2015
Strengthening the voice of community banks in federal policymaking is a policy priority for the Community Bankers Association of Illinois (CBAI). For too long Wall Street insiders have dominated this arena which is ill-advised as they represent a narrow, and often times flawed and biased perspective.
Illinois Congressman Mike Quigley (D-5), a member of the U. S. House Appropriations Committee’s Subcommittee on Financial Services & General Government, included the following requirement in a bill which recently passed the Appropriations Committee.
"The Committee is very interested in the Treasury’s efforts to collaborate with community banks that have less than $10 billion in total assets on relevant legislative and regulatory policy making decisions. The Department is directed to submit a report to the Committees on Appropriations of the House and Senate within 120 days of enactment of this Act detailing these efforts, as well as efforts to hire employees with a background and understanding of community banking."
CBAI appreciates Congressman Quigley’s support and looks forward to working with him on this and other issues of importance to Illinois community banks.