American Exchange Bank in Elmwood, was re-elected by his peers as chair of the Legislature’s powerful Appropriations Committee. Sen. Mike Jacobson of NebraskaLand Bank in North Platte was elected to serve as chair of the Banking, Commerce and Insurance Committee. The NBA is grateful for the knowledge, commitment, leadership and sacrifices these elected leaders provide our state. Turning to the federal level, President Trump moved quickly to assemble a team of cabinet leaders and staff focused on helping to carry out the vision for his “America First” agenda. We anticipate significant shifts in leadership and policy at all of the banking regulators. The Consumer Financial Protection Bureau, the Office of the Comptroller of Currency and the Federal Deposit Insurance Corporation will all have new leaders. However, immediate changes at the Federal Reserve remain somewhat unclear due to the lack of current openings on the Federal Reserve Board of Governors. The NBA has submitted letters to the new Treasury Secretary as well as to members within the Presidential administration to encourage the appointment of current Federal Reserve Gov. Miki Bowman to the role of vice chair for supervision at the Federal Reserve. These transitions at the regulatory agencies open the door to the review or repeal of the rules and regulations proposed or adopted in recent years. Legal challenges to many of these regulations add another layer of complexity. The NBA staff will work diligently to stay on top of these changes and will keep members informed through email updates, the weekly NBA Update newsletter, member virtual updates, social media posts and other channels. LINCOLN BRUNING endacotttimmer.com 402-817-1000 Legal advice. Community banking experience. NBA members and staff with Sen. Pete Ricketts during last year’s visit to Washington, D.C. We want to bring an even larger group of bankers this year to continue strengthening our voice on Capitol Hill. With these anticipated federal changes, it’s important for bankers to be proactive about the future of our industry. We encourage you to join the NBA at the ABA Washington Summit on April 7-9 in Washington, D.C. This event provides an opportunity to meet with members of the Nebraska congressional delegation, share insights on the challenges facing our industry and advocate for policies that support the banking industry. 10 NEBRASKA BANKER
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