11 HќќѠіђџȱ юћјђџ ѢљѦ 2014 &RQWLQXHG RQ SDJH cession. ‘But we don’t know if we’re going to survive Dodd-Frank,’ he said. “To me, something is seriously wrong if banks that have survived war and economic volatility can’t survive our own policy. It shows that Washington is passing policy that has serious consequences. “That’s why it’s so important that bankers’ voices are heard, especially at a time when Washington continues to hand down more regulations than ever before.” What would you like for fellow legislators to understand about banking? “I would like for them to know that I shared their perspective before I joined the House banking commit- ǯȱ ȱȱȱȱDzȱ I didn’t realize how complicated the industry is. “I would also share with colleagues that the policies that are passed, and the rules and regulations banks have to comply with, have huge impact. Sharing this perspective leads to understanding. “We in Congress have to understand that forcing banks to hire ȱȱěȱȱȱ with more paperwork demands their time, and time is money. The more we create directives and regulations, the less capital is available to consumers.” What would you like for bankers ȱȱȱȱȱ process? “Relationship-building goes a long way. Whatever amount of education can be shared with members of Congress and state legislators is always helpful. “There’s never enough. It’s just a Ĵȱȱȱȱȱȱȱȱ and to understand it. “Pick a congressman, and establish a relationship. Share your experience. Explain how the consequences of congressional decisions impact your ability to help a small business owner, or a single mother, or your other customers. “Tell your legislator that too much regulation hurts, and explain why. Let them know that banking works best when you are allowed to do your job.” How does it impact federal legislators when Indiana bankers ȱȱȱȱ Washington, D.C.? ȱ ȃ Ĝȱȱȱ Washington are extremely helpful. We as legislators have a lot of ‘noise’ around us in Washington, a lot of distractions. “There are multiple issues to deal with — whether military or Ȃȱěȱȱ energy or transportation — and we need reminders of issues at home. “Those visits in D.C. help bring us back around to what our constituents are dealing with. They help us to stay focused. “As constituents, sometimes when you’re out of sight, you’re out of mind. It's important to come to Washington to keep your issues on the radar screen.” What aspect of being on the ȱĴȱ has surprised you the most? “It was surprising to see ȱěȱȱ the banking world. ȱĴȱȱ a national bank ȱȱěȱ compared to a small community bank. Yet too often, the same policies are applied broadly to all banks, regardless of how they operate. “It has been surprising to see the volume of regulations that keep coming out since Dodd-Frank passed. We’re seeing the ȱęǰȱȱȱ- ęȱĴȱȱȱ¢ȱ are tremendous. “I’ve also learned that Washington policies are allowing governmentsponsored enterprises to compete against the private sectors. An example is the Farm Credit System, which has been a wonderful tool for agriculture. But now FCS is expandOf his position on the U.S. House Committee on Financial Services, Rep. Marlin Stutzman notes:“I see my role as advancing good policy that helps our economy.” +RVWLQJ 5HS 0DUOLQ 6WXW]PDQ FHQWHU LQ WKH RIÀFHV RI WKH ,QGLDQD %DQNHUV Association are Amber Van Til, IBA senior vice president-government relations, and Joe DeHaven, IBA president and CEO.
RkJQdWJsaXNoZXIy MTg3NDExNQ==