Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the House Ways and Means Committee’s release of its “One, Big, Beautiful Bill” legislative package.

President Donald Trump signed into law an ICBA-advocated resolution to overturn the Consumer Financial Protection Bureau’s final rule on overdraft services, finalizing a key policy success for community bankers.

The Consumer Financial Protection Bureau announced the withdrawal of certain guidance, interpretive rules, policy statements, and advisory opinions issued since 2011.