ICBA thanks the more than 500 community bank advocates who visited congressional offices during last week’s ICBA Capital Summit to advocate for the industry’s top policy priorities.
New Co-sponsors: In less than a week, 15 members of Congress have already been added as new co-sponsors to critical community bank legislation.
Congressional Meetings: At last week’s Capital Summit, community bankers met with congressional offices on issues including the Consumer Financial Protection Bureau’s 1071 rule, major tax legislation, agricultural and rural policy, and ICBA’s call for ending the tax exemption on credit unions over $1 billion in assets.
Timely Advocacy: During the event last week, the House Ways and Means Committee advanced its “One, Big, Beautiful Bill” legislative package with several ICBA tax priorities.
Recognition: Special guests at the summit discussed the power of community banking:
Deputy Treasury Secretary Michael Faulkender said Trump administration tax priorities pending in Congress would support community banks and local communities.
House Financial Services Committee Chairman French Hill (R-Ark.) said his committee is focused on tailoring regulations and lowering the cost of compliance to facilitate lending and local economic growth.
Rep. Byron Donalds (R-Fla.) said community banks are the lifeblood of their communities and shouldn’t be burdened with the same regulatory requirements required for the largest banks.
Rep. Randy Feenstra (R-Iowa) thanked community bankers for supporting their communities and said he would always be a strong voice for community banks in Congress.