ELFA Holds Capitol Connections, Members Promote Equipment Finance
JUN 2, 2022 - 7:37 am
The Equipment Leasing and Finance Association (ELFA) gathered more than 125 members on Capitol Hill on May 25 for Capitol Connections, the equipment finance industry’s biggest advocacy event of the year. Board chair Mike DiCecco highlighted the importance of the event.
“I would like to welcome you all back to the first in-person Capitol Connections since 2019,” DiCecco said. “Capitol Connections is a unique event for ELFA… singularly focused on supporting the equipment leasing and finance industry to achieve a better public policy playing field.”
Capitol Connections is designed to educate members of Congress and select administration officials about the nearly $1 trillion equipment finance industry’s role as a major source of capital and investment in the United States, and to positively influence federal policymakers who set the legislative and regulatory framework for the industry.
New this year, the event featured a “hybrid” mix of in-person and virtual meetings with lawmakers from around the nation. Members met with approximately 150 Senate and House offices.
DiCecco and ELFA president and CEO Ralph Petta presented the David H. Fenig Distinguished Service in Advocacy Award to Chuck Cross, senior lead counsel at Wells Fargo. Cross was recognized for his extraordinary contributions to ELFA’s state advocacy program, particularly on the critical issue of state financial disclosure requirements, in addition to numerous other contributions.
In addition to advocating for the industry, attendees heard from several keynote speakers. Sen. Mike Rounds of South Dakota addressed the opening breakfast. After a busy morning of in-person and virtual meetings with congressional offices, attendees convened for a luncheon featuring speaker Alan Ellison of the CFPB, who discussed Section 1071 of the Dodd Frank Act, which will create a data collection and reporting requirement for small business lending. Political commentator and author Chris Stirewalt shared an entertaining analysis of the current political climate during the closing dinner.
At the evening LeasePAC reception, LeasePAC chair Kirk Phillips recognized a number of individuals and companies for their contributions to the association’s political action committee.
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