With the Senate Banking Committee marking up ICBA-advocated regulatory relief legislation today, ICBA is calling on community bankers with senators on the panel to urge support for the bill. ICBA’s Be Heard grassroots action center connects community bankers in these key states with their senators to facilitate outreach.
“I cannot overstate the importance of reaching out ahead of this crucial vote,” ICBA President and CEO Cam Fine wrote in a message to community bankers in these states. “The opportunity for substantial relief has never been greater, and the time to act is now.”
The bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) includes numerous provisions from ICBA’s Plan for Prosperity regulatory relief platform.
Introduced by 20 bipartisan original cosponsors, the comprehensive bill includes provisions to increase Home Mortgage Disclosure Act exemptions, expand the “qualified mortgage” definition, simplify capital requirements, provide relief for larger community banks, and much more.
ICBA on Monday repeated its call for all committee members to vote to advance S. 2155, citing its Plan for Prosperity petition signed by more than 10,000 community bank employees and advocates.
ICBA’s Aaron Stetter and Courtney Schoenborn also hosted a Facebook Live chat on the legislation, which ICBA has analyzed in a summary for community bankers.
ICBA’s Be Heard grassroots alert applies to community banks in Alabama, Arkansas, Georgia, Hawaii, Idaho, Indiana, Louisiana, Maryland, Montana, Nebraska, Nevada, New Jersey, North Carolina, North Dakota, Ohio, Pennsylvania, Rhode Island, South Dakota, Tennessee, and Virginia.