Next 3 months critical to
FOTB decisions on 2016 races
At a recent meeting in Washington D.C., the FOTB advisory council began to look at the 2016 election cycle. It may seem soon, but the fact is, many of the issues that will drive the FOTB decision process in the next election cycle will be decided in the next 3 months.
The purpose of FOTB is to drive change in Congress, and any positive change is unlikely to occur during a presidential election year. So if traditional banking is going to see relief from Congress, it will have to happen soon.
"If the Democrats in the Senate continue to block any reform to Dodd-Frank during the next couple of months, it will make it impossible for FOTB to support a Senate Democrat in the next election," according to Howard M. Headlee, founder and board member of FOTB. "We are a non-partisan group, but if any Democrat wants our support they are going to have to stand up and do something for traditional banking. We are entirely results-focused."