please join me in welcoming norbert michelle. norbert? >> thank you, john. joining me here today, i'm going to a short version in the interest of time. joining me from the far left -- my far left is my colleague david birden, a senior fellow in quick policy here at heritage. and next to him is paul mersky, the group executive vice president of congress congressional relations and strategy at the icba, end community bankers association. and then aaron klein, last but not least, a fellow in economic studies and a director on the center on regulation and markets at the brookings institution. thank you all for coming today. we are, of course, talking about the senate bill that is moving probably this week. so it looks like we have really good timing. it's brilliantly planned, of course, not luck. and i'm going to just do a quick overview of some of the highlights, some of the main components that are in the bill. a couple of the minor things that are in the bill and then we'll get our discussion going off of that. so, one of the main things that are -- that is i

please join me in welcoming norbert michel. [applause] >> thank you. joining me here today i will do a short version in the interest of time, joining me from the far left is my colleague david gergen who's who is a senior fn economic policy at heritage and next to him is the group executive vice president of congressional relations and strategy the independent community bankers association and then aaron klein last but not least was a fellow in economic studies and directo atr of the center on regulation and markets at the brookings institution. thank you all for coming today. we are of course talking about the senate bill moving this week so it looks like we had good time. i am going to just do a quick overview of some of the highlights and main components that are in the bill and then we look awould get the discussion g off of that. one of the main things is the community bank leverage ratio something they do not like to call and off ramps of the book with a community bank leverage ratio. this measure would provide relief for banks that are under $10