Compensatory mitigation has been a rapidly growing industry among states, nonprofits, and the private sector ever since the U.S. Environmental Protection Agency (EPA) and the U.S. Army Corps of Engineers (the Corps) released their 2008 Mitigation Rule, providing clarification to aid agencies, states, permittees, consultants, and others involved in the mitigation process. Since then, further efforts have been made to provide guidance through various rules, memorandums, and policy updates. However, with the Trump Administration’s plans for change, what can the mitigation industry expect moving forward? In conjunction with the 2017 National Wetlands Awards, ELI hosted a panel discussion on May 18, 2017, to address some of these uncertainties. Panelists discussed the future prospects and challenges that face the many aspects of this industry and what it means for wetlands protection. Here, we present a transcript of the discussion, which has been edited for style, clarity, and space considerations.