Bankers Need Red AND Blue Friends
 
On May 24, President Donald Trump signed into law the Economic Growth, Regulatory Relief, and Consumer Protection Act. Rolling back some of the most strangling 
regulatory provisions of the Dodd-Frank Act, the legislation was a win for community banks and the Main Street customers that benefit from a positive lending environment.
 
This bill is "the next step in America's unprecedented economic comeback," Trump said. Yet such a step, and future steps to ensure a robust national economy, only happen when some brave legislators buck their party's leadership and team up to craft bi-partisan solutions.
 
While the recent regulatory reform was crafted by Republicans, it took Democrats to make it a reality. In the House of Representatives, a simple majority can rule, and so while the vote could have passed there on a party-line vote, the 258-159 win was all the more convincing because 33 Democrats supported it (only one Republican, Rep. Walter Jones (R-NC) did not).
 
Yet in the Senate, a simple majority doesn't get it done. The supermajority of 60 out of 100 Senators is needed to prevent a filibuster, and Republicans today only have 52. Reg reform would not have happened without Sens. Heidi Heitkamp (D-ND), Jon Tester (D-MT), Clair McCaskill (D-MO) and more. The winning number of 67 was achieved in the Senate with the help of all Republicans, 16 Democrats, and Sen. Angus King (I-ME).
 
As an organization that pledges to reward our friends and punish our enemies, Friends of Traditional Banking has watched the recent votes closely. Please join us in our efforts this year to support pro-growth candidates on both sides of the aisle! 
 
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The message below is provided by a Corporate Friend of FOTB. If you or an organization you know is interested in becoming a Corporate Friend, email 
FOTB Corporate Friend BankOnIT Celebrates 15 Years

Fifteen years ago, a group of bankers decided they wanted to spend less time on IT and get better results while having more capabilities with technology in their banks. They came up with the idea to have a company that only helped bankers, and BankOnIT was founded.
 
Friends of Traditional Banking congratulates them on this milestone!
 
Read more about them here: http://blog.bankonitusa.com/?q=node/82
 
PAID for by Friends of Traditional Banking. NOT authorized by any candidate or candidate's committee.
Friends of Traditional Banking is a non-partisan grassroots effort organized by bankers in 2012 to improve the political and regulatory environment for the traditional banking industry in the U.S. FOTB is the inverse of a PAC--instead of spreading a little bit of money to a lot of campaigns, they focus a lot of money on a couple of key campaigns. 
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Friends of Traditional Banking, 175 South Main Street, Ste 1420, Salt Lake City, UT 84111