As long as I can remember, our nation has had a vocal group calling for a presidential candidate that would run our government as a business. Many have gotten their wish. Now I wonder if this is like the dog trying to catch the car. What happens when the dog bites the bumper? I guess we will all find out soon.
As I travel our state speaking to both community bankers and our elected officials, I am hearing the same sentiment over and over. I am hearing that people are cautiously optimistic. Many questions remain about what we can expect from this new administration as well as the historically strong Republican majorities in both houses of Congress, but if the majority sticks to the promises of the election, regulatory relief is on its way for community banks.
The list for needed reform is long and it includes many topics outside of the much-needed regulatory reform for community banks. My D.C. contacts are sharing the priority list this new administration is developing to include: health care reform, tax reform, trade agreement reform, immigration reform and financial services reform.
While regulatory reform is fifth on the priority list, we are happy to be included in the top five and all indications point to the new administration understanding that you, community bankers, are the economic engine of our small business economy. I am optimistic that over the coming first term of the Trump administration, we will see meaningful regulatory relief.
We are continuing to fight for provisions of the ICBA Plan for Prosperity and continuing to advocate for legislation like the REINS Act. The past year and this election cycle was a difficult one. It is realistic to know that Donald Trump was not the first choice for many, but in the end, was the best choice we had.
I am looking forward to 2017 and to continuing our work for regulatory reform. Stay engaged; change is coming.
McCurry, a native of MN and resident of Mitchell, SD, holds a Bachelor of Arts degree in Communications / Marketing from the Minnesota State University, Mankato. Prior to joining the ICBSD as President and CEO, he directed the marketing, sales and government relations efforts at Santel