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As Congress considers the next legislative package to address the economic fallout from the COVID-19 pandemic, ICBA weighed in with recommendations to support local communities.
"ICBA and the nation's community banks encourage Congress to include in the next COVID-19 relief bill provisions that will directly support local economies, starting with needed reforms to the current Paycheck Protection Program," ICBA President and CEO Rebeca Romero Rainey said.
In its letter to congressional leaders, ICBA recommended Paycheck Protection Program reforms, bank capital and accounting relief, liability protection, tax relief, agricultural support, and more.
Meanwhile, ICBA continues calling on community bankers and small-business owners to urge the Treasury Department and SBA to enact additional PPP simplifications.