The following can be attributed to Matt Well, spokesperson for the Regional Bank Coalition (RBC), in response to National Economic Council Director Gary Cohn’s comments on raising the asset threshold:

We agree with Director Cohn that an artificial line is not the best way to determine which banks are systemically important. Moving to a comprehensive, risk-based approach as outlined in the bipartisan Systemic Risk Designation Improvement Act of 2017 (S. 1893/H.R. 3312) is the best way to ensure the financial system is sound and would allow regional banks to lend to Main Street, which will importantly create jobs and strengthen our economy. We urge Congress, including Senate Banking Committee Chairman Crapo and Ranking Member Brown, and the Administration to support this bill instead of relying once again on an arbitrary asset threshold.”