Grassroots Urgent on FDIC Transaction Account Insurance
With Congress returning home over the next two weeks, ICBA is calling on community bankers to contact their lawmakers’ district offices to urge an extension of full FDIC coverage of noninterest-bearing transaction accounts (“TAG”). Time is running out to extend the coverage for more than $1.4 trillion in deposits—the upcoming elections are sapping Congress’ time and attention. Please urge your lawmakers to act promptly to extend this important insurance coverage, which allows community banks to attract and keep local deposits and their local small business customers.
ICBA is here to make it easy for you to get in touch with your members of Congress. We offer a customizable letter, and we are urging you to reach your lawmakers by calling (202) 224-3121 and asking for their district office. ICBA has been working this issue hard, but Congress needs to hear from you if we are going to succeed.
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