Friends of Traditional Banking logoBanking & Politics Report
June 18, 2013

Who is friend/foe in Congress right now?


The American Bankers Association (ABA) and the Independent Community Bankers of America (ICBA) are united right now in support of four bills in Congress and united in opposition to two bills. Bankers are supporting HR 1750, HR 1553, S 727, and S 731. These bills create a more realistic regulatory environment for banks to thrive, and pause to study further Basel III provisions before forcing them on banks. America's bankers oppose HR 688 and S 968. These bills empower non-tax paying credit unions to compete with tax-paying banks in an unfair playing field.


See here who is a friend and who is a foe of traditional banking based on who is cosponsoring good bills and bad!

Senator Joe Manchin (D-WV)


Joseph "Joe" Manchin III is the junior United States Senator from West Virginia. He is the only senator right now who is publicly supportive of S 727 and S 731, both supported by the ABA and ICBA. In fact, Sen. Manchin is leading as the sponsor of S 731, which would require the Federal Reserve and FDIC to conduct an impact study on how Basel III rules would effect community banks. He is also not listed as a supporter of S 968, which is opposed by America's bankers. Thank you, Senator!


Manchin previously served as the Governor of West Virginia from 2005 to 2010 and the Secretary of State of West Virginia from 2001 to 2005. He won the special election in November 2010 to fill the seat of Senator Robert C. Byrd, who died in office. Manchin was elected to a full term in office with 60 percent of the vote in November 2012. We appreciate his courage and common sense as a Friend of Traditional Banking!

"PACs aren't enough. We need something more!" says Arizona Bankers Association CEO  

Paul Hickman, President and CEO of the Arizona Bankers Association is pointing out that Political Action Committees alone aren't enough to change how Congress treats bankers. "A member of Congress looks at a PAC contribution as a roll call--are you there, or not. So you're going to get credit for being there, but are you going to move the needle? I think you need something more." he said.


Hickman has joined Friends of Traditional Banking's advisory board because he sees the power in the industry targeting a couple key races. "We need a big list of small and medium size donors that we can go to. That's one of the most important things that Friends of Traditional Banking allows us to do," he said. "And if you're a friend of traditional banking, you need to be on the list." Click here to see what Paul Hickman and other banking leaders are saying about this powerful way to change how Congress treats bankers (three minute YouTube video).

We need your leadership!


Friends of Traditional Banking has grown to include over 2,000 members in all 50 states. We are currently looking for a bank executive in each state who is willing to serve as state chairman and participate in our Fifty State Banking Board. These leaders will participate in an exclusive fifteen minute update board call each month, help grow the organization in their respective state as they are able, and provide input to America's fastest growing SuperPAC! Please let us know if you are interested in being a member or if you have any questions.


Contact Mike Winder: or 801.633.1300.



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