“While technically there’s a new bill, you’re not starting from scratch, you have all that momentum. You can say this passed the Senate, and that that makes legislators comfortable with it quickly.”
Brokers contacting representatives is critical for passage
Passing legislation in the United States is rarely a sprint. It must pass through committees before it can be voted on by Congress. If the bill successfully navigates committees, it could reach the House and Senate floors in a few months.
“Step one is getting the bill marked up in House Financial Services,” McKay said. “Some legislators hope to have that in the first committee hearing possible, which could be in the next month or two, but it could get pushed back. The committee has a lot that they need to focus on, a lot of crypto stuff and things like that happening as well.”
The BAC, along with other organizations backing the trigger leads bill, has call-to-action forms on its websites. These help brokers and other constituents deliver a message to Congress in support of the bill.
“Complete the call to action,” McKay said. “You can email your members of Congress in 30 seconds. I cannot overstress how important it is that everyone takes the time to do that. It matters so much more than people think. They represent their constituents, not just industry groups. They want our expertise, but would love to hear how their constituents feel about it.