ICBA and other groups urged Congress to include language in the next stimulus package exempting the third round of Economic Impact Payments from garnishment.
Background: Unless this language is included, depository institutions will be obligated to comply with court orders and forced to pay some creditors who attempt to garnish and freeze bank accounts.
More: This language mirrors ICBA-supported language included in the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 affecting the second round of EIPs.
Take Action: With Congress considering the next pandemic relief package, ICBA is calling on community bankers to urge lawmakers to make needed improvements to the Paycheck Protection Program. Contact Congress today.