Rebeca Romero Rainey, President and CEO of the Independent Community Bankers of America (ICBA), is set to testify before the House Financial Services Committee. The hearing, titled "Make Community Banking Great Again," marks the committee's first session under Chairman French Hill for the 119th Congress.
Rainey, a third-generation community banker and leading industry advocate, will present ICBA's "Repair, Reform, and Thrive" plan. This agenda aims to address legislative and regulatory changes impacting community banks. Key topics include the essential role of community banks in serving local communities' financial needs, the effects of regulations such as the Consumer Financial Protection Bureau’s 1071 rule, and advocating for tiered banking regulations to encourage new bank formations.
The hearing will take place at 10 a.m. EST on Wednesday, February 5, in Room 2128 of the Rayburn House Office Building. It will also be available via livestream.
The ICBA is dedicated to fostering an environment where community banks can thrive through advocacy, education, and innovation. These banks are crucial in channeling deposits into their communities to create jobs and support economic growth.
For more information about ICBA's initiatives and mission, visit their website at icba.org.