FOR IMMEDIATE RELEASE
ICBA Statement on House Rejection of Rescue Package
Washington, D.C. (Sept. 29, 2008)––Camden R. Fine, president and CEO of the Independent Community Bankers of America (ICBA), issued the following statement on the House of Representatives vote rejecting The Emergency Economic Stabilization Act (H.R. 3997).
“The Independent Community Bankers of America (ICBA) is very disappointed the House of Representatives failed to approve the Emergency Economic Stabilization Act of 2008. This Act is needed to help community banks get Main Street back on its feet. ICBA worked diligently to ensure the legislation contained safeguards and provisions that would bring meaningful and immediate relief to community banks and local communities. Community banks did not cause this financial crisis but are determined to do everything possible to help return economic stability to our country and our communities. This bill was not just about Wall Street, it’s about helping Main Street and the people and towns throughout America. Many members of Congress will continue fighting to enact legislation to right our course, and so will ICBA and our nation’s community banks.”