Congressman Randy Neugebauer will receive the IBAT Trailblazer Award at a luncheon in Lubbock today.
The Trailblazer Award, which celebrates its 17th anniversary this year, provides special recognition to an elected official who is especially supportive of the independent community banking industry. Nominees must be a state or federal legislator, support and exemplify the entrepreneurial spirit of Texas, and exhibit the courage and independent spirit of Texas community bankers.
Neugebauer is a key member of the House Committee on Financial Services, chairing the Subcommittee on Oversight and Investigations. He has been a tireless advocate for causes of importance to community banks and small businesses, especially in the wake of Dodd-Frank. In an opening statement given during a committee meeting on the four year anniversary of Dodd-Frank, Neugebauer summed up his estimation of the law’s legacy and impact, saying, “Regulatory burdens [brought about by Dodd-Frank] have an enormous impact on the health of our economy and have introduced a new type of risk to our economy called regulatory risk.”
“Randy ‘gets it.’ He understands our business and the challenges we face, and more importantly has a terrific grasp on the importance of community banking not only to our economy on a micro and macro basis, but the role we play in fulfilling the hopes and dreams of our customers,” said Steve Scurlock, Executive Vice President of IBAT. “The community banking industry and the constituents of Congressional District 19 are blessed to have this gentleman serving in Congress.”