ELFA Members Advocate for Equipment Finance in Washington, DC – News

Greater than 125 ELFA members gathered on Capitol Hill on Might 25 for Capitol Connections, the gear finance trade’s largest advocacy occasion of the 12 months. Board Chair Mike DiCecco kicked off this system by highlighting its significance.

“I want to welcome you all again to the primary in-person Capitol Connections since 2019!” mentioned DiCecco. “Capitol Connections is a novel occasion for ELFA… singularly centered on supporting the gear leasing and finance trade to attain a greater public coverage enjoying discipline.”

Capitol Connections is designed to teach members of Congress and choose Administration officers in regards to the almost $1 trillion gear finance trade’s function as a serious supply of capital and funding in the USA, and to positively affect federal policymakers who set the legislative and regulatory framework for the trade.

New this 12 months, the occasion featured a “hybrid” mixture of in-person and digital conferences with lawmakers from across the nation. Members met with roughly 150 Senate and Home workplaces.

Advocacy Award

DiCecco and ELFA President and CEO Ralph Petta offered the David H. Fenig Distinguished Service in Advocacy Award to Chuck Cross, Senior Lead Counsel at Wells Fargo. Cross was acknowledged for his extraordinary contributions to ELFA’s state advocacy program, significantly on the crucial concern of state monetary disclosure necessities, along with quite a few different contributions.

Audio system

Along with advocating for the trade, attendees heard from a number of keynote audio system.

Sen. Mike Rounds of South Dakota addressed the opening breakfast.

After a busy morning of in-person and digital conferences with congressional workplaces, attendees convened for a luncheon that includes speaker Alan Ellison of the CFPB, who mentioned Part 1071 of the Dodd Frank Act, which can create an information assortment and reporting requirement for small enterprise lending.

Political commentator and creator Chris Stirewalt shared an entertaining evaluation of the present political local weather through the closing dinner.

LeasePAC Recognition

On the night LeasePAC reception, LeasePAC Chair Kirk Phillips acknowledged quite a few people and corporations for his or her contributions to the affiliation’s political motion committee.

Many because of everybody who attended Capitol Connections and helped advance ELFA’s advocacy priorities on behalf of the gear finance trade.

For extra gear finance and leasing trade information, go to Tools Finance Advisor.