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• W256405532 abstract "They say the basketball is long. It runs from mid-October to early June. But that's nothing compared to the national sport known as Congress. When the 139th Congress gavels into action officially at the end of this month, it will run for two years, in two sessions. Granted the players take a lot of breaks, but for the army of lobbyists, staffers, and other supporting players, the game is pretty much nonstop. The closest thing to an off-season is the time just ending after a big national election. That's when the professionals assess the election results and work up their game plans. This year's presidential contest, though it was a thriller, and had a couple of surprises, didn't change the basic party alignments, especially insofar as banking issues are concerned. Late November seemed a good time to pay a call on ABA's two top lobbyists, Edward Yingling and Floyd Stoner, to get their sense of the season ahead. Steeped in the ways and lore of the business of government, these two veterans know that while banking has an agenda, banking is the agenda for many other groups. So they're accustomed to playing both offense and defense simultaneously. They have an intimate knowledge of the rulebook, which is invaluable. Take the Senate, a source of considerable frustration for bankers as bill after bill, such as bankruptcy reform, come over from the House only to be sidetracked, delayed, or modified in such a way as to make them unpalatable by the quirky Senate rules. Yingling, who is executive vice-president of the ABA, and who will become president in May when Don Ogilvie retires, was a Senate page in 1966. He's seen filibusters, and knows how the threat of a filibuster can be as effective a weapon as the actual thing. It's just a natural part of the game to understand the influence that time and the use of time have on the Senate floor, says Yingling. the Senate you have to look for more ways to build bipartisan coalitions. On the other hand, Senate rules can work to your benefit if you are playing defense, he says. Stoner, who like Yingling, is a fount of knowledge on government history and practices, observes that the Founding Fathers created the House of Representatives to be the house of the people--meaning the majority--while the Senate was created to protect the rights of the minority. Thus the Senate rules (60 votes to break filibusters; broad amendment rights) are all designed specifically to do just what they do, slow things down, so that bills can't be rushed into law, but have to take into account minority views. You can begin to appreciate that farsighted structure, says Stoner, when you're on the receiving end of some unfavorable legislation. As a consequence, both men observe, with the exception of a few bills that get rammed through-like the Patriot Act after 9/11--most issues take a long time and a lot of grunt work, pounding away, month after month, year after year, until a goal is achieved. The process leading up to the passage of the Gramm-Leach-Bliley Act in late 1999 spanned many years, if not decades--just as the effort by banks to level the playing field with credit unions is already marked in years. One advantage banks have, overall, is that many of the issues that concern them--regulatory burden, deposit insurance reform, credit unions, and the ongoing struggle with the Realtors--are relatively nonpartisan. This is not to say the issues are easy, but they present less daunting odds than, say, reforming the tax code. Election Impact In a post-election analysis paper prepared for ABA members by the association's Government Relations staff, it was observed that the pick-up of four Senate seats was a bit of a surprise. The median consensus had been a gain of maybe two to three seats. But as far as the banking and financial services committees are concerned, says Stoner, the election caused no major change in either house. …" @default.
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• W256405532 title "Washington Outlook Prospects and Pitfalls: ABA's Top Lobbyists Size Up the Mood, the Issues, the Players, and the Imponderables as Another D.C. Season Gets under Way" @default.
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