Bipartisan bill helps banks, communities

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By Dave Rozenboom, President, First PREMIER Bank, Sioux Falls, and Chairman, South Dakota Bankers Association

Amid all the noise, bickering and partisanship in Washington, DC, something simple—and yet remarkable—just took place in the U.S. Senate. It’s something that everyone in South Dakota should know about and celebrate.

A bipartisan group of senators—16 Democrats and one independent, plus all Republicans present—voted to pass the first set of substantial reforms to our nation’s financial system since 2010. We have seen very few successful bipartisan policy bills on Capitol Hill in recent years. The process that led to this one heralds a possible return to a spirit of compromise and cooperation. The bill that cleared the Senate was the result of multiple hearings, broad stakeholder input, and thoughtful negotiations between lawmakers of differing parties and views. In other words, the Senate returned to its constitutional roots, and the American people are the beneficiaries.

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