Committee reschedules ILC, overdraft markup

June 17, 2022

The House Financial Services Committee rescheduled for next week its markup of several key bills after postponing it earlier this week. The markup is now set to start at 10 a.m. (Eastern time) this Wednesday, June 22.

Key Bills: The committee is set to consider ICBA-advocated legislation to close the industrial loan company loophole and ICBA-opposed measures to implement overdraft and small-business restrictions.

Grassroots Campaign: ICBA has been urging community bankers with representatives on the committee to speak out on the bills via a customizable action alert.

ICBA Outreach: In letters to the committee from ICBA and other groups this week, ICBA explained the importance of preserving the separation of banking and commerce while underscoring the negative impact of overdraft restrictions and new hurdles to small-business communication.