Several trade groups, including SIFMA, sent a joint letter to Members of Congress, urging their support for bipartisan legislation recently introduced by Reps. Andy Barr (R-KY), Gary Miller (R-CA), Bill Huizenga (R-MI), and David Scott (D-GA). H.R. 5461.

The legislation includes important technical corrections to the Dodd-Frank Wall Street Reform and Consumer Protection Act that strengthen the underlying Act and provide critical clarifications to better oversee our financial system while allowing for economic growth.

The following trade associations, in the letter, urged congressional members to help foster job creation and economic growth:

• American Bankers Association 
• American Bankers Insurance Association (ABIA)
• American Financial Services Association
• American Insurance Association
• Consumer Bankers Association
• Consumer Mortgage Coalition
• Community Mortgage Lenders of America
• Credit Union National Association
• The Financial Services Roundtable
• The Financial Services Forum
• Independent Community Bankers of America
• Leading Builders of America
• The Loan Syndications and Trading Association
• Mortgage Bankers Association
• National Association of Federal Credit Unions
• National Association of Home Builders
• National Association of Mutual Insurance Companies
• National Association of Realtors
• The Realty Alliance
• Real Estate Services Providers Council, Inc. (RESPRO)
• Securities Industry and Financial Markets Association
• U.S. Chamber of Commerce