The publication is reproduced in full below:
HONORING THE LIFE AND LEGACY OF MR. JOHN W. RYAN
______
HON. BARRY LOUDERMILK
of georgia
in the house of representatives
Thursday, July 7, 2022
Mr. LOUDERMILK. Madam Speaker, I rise today to honor the life and legacy of Mr. John W. Ryan, president and CEO of the Conference of State Bank Supervisors, who unexpectedly passed away on May 16, 2022.
John was a steadfast advocate of state financial supervision as the leader of CSBS, the nationwide organization of financial regulators from all 50 states, the District of Columbia and U.S. territories, for 11 years.
But John was more than just an advocate and leader. He was a rare consensus builder in Washington. While he fiercely defended the dual banking system, he tempered his passion with humility, humor, and integrity. As tributes have poured in from across the nation, it is clear that he touched many with his humility, kindness, and vast knowledge of financial regulation.
John was also a visionary. In recent years, he crafted strategies that empowered states to retain their authority and function on a local level while working together with federal regulators as one system; he called this strategy ``networked supervision.''
John grew up in a banking family. He would recount summers spent working for his father, who ran the Bank of Walnut Creek in Northern California. Among his many early jobs, he often told of filing checks, and when he was old enough, driving them over the Golden Gate Bridge to the San Francisco Federal Reserve Bank. His early experience with the payments system informed his career and helped shape his idea for a more seamless system.
After graduating from the University of California, Berkeley with a degree in political science and economics, John moved to Washington, D.C., where he worked on the House Banking, Finance and Urban Affairs Committee, now the House Committee on Financial Services. While there, he worked on groundbreaking legislation, including the 1994 Riegle-Neal Interstate Banking and Branching Efficiency Act. He later took a fellowship with the financial services commission in Brussels and worked for a public policy consulting firm.
In 1997, John joined CSBS as an assistant vice president of legislative affairs. He rose through the ranks to become President and Chief Executive Officer in 2011. Throughout his career, John helped define the contributions and accountabilities of state financial regulators. He was a key contributor to protecting the states' role in financial services legislation, including the Gramm-Leach-Bliley Act, the Housing and Economic Recovery Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Secure and Fair Enforcement for Mortgage Licensing Act. John also played a critical role in the creation of what is now the Nationwide Multistate Licensing System.
After the financial crisis of 2008, John recognized the need for policymakers to have facts and figures about community banking when writing legislation that would impact them. He was instrumental in creating the Community Bank Research Conference with the Federal Reserve Board. The conference's research has driven more sound and appropriate regulatory policy and supervision, and, I believe, helped policymakers recognize the value of community banking when crafting laws and rules during the pandemic.
Under John's leadership, CSBS was a valued partner to Congress as we worked through a range of financial services issues. The impact of his vision and leadership is immense. Our financial system is better because of John W. Ryan's work, as are the lives of those of us whom he touched.
____________________
SOURCE: Congressional Record Vol. 168, No. 112(1), Congressional Record Vol. 168, No. 112(2)
The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.
House Representatives' salaries are historically higher than the median US income.
Alerts Sign-up