House committee passes ag appropriations

The House Appropriations Committee approved fiscal 2021 agriculture and rural development legislation. The bill allows for a combined $153 billion in discretionary and mandatory funding, an increase of $331 million over fiscal 2020.

The bill authorizes $2.75 billion in guaranteed farm ownership loans, $2.1 billion in guaranteed farm operating loans, $2.1 billion in direct farm ownership loans, and $1.6 billion for direct operating loans.

Previous News

  • ICBA to FDIC: Commercial Firms Shouldn't Own Banks

    The Independent Community Bankers of America told the Federal Deposit Insurance Corp. that commercial firms should not own full-service banks or industrial loan companies, even if they are subject to enhanced supervision and regulation

    Image

    Jul 10, 2020

  • SoFi ditches ILC push for full-service bank charter

    Fintech company SoFi applied for a full-service national bank charter with the OCC after withdrawing its industrial loan company application nearly three years ago, according to reports.

    Image

    Jul 10, 2020

  • ICBA continues fighting debt plan for largest credit unions

    ICBA continued pushing back against a National Credit Union Administration proposal that would allow the largest and most complex credit unions to issue subordinated debt as an alternative form of capital.

    Image

    Jul 10, 2020


Related News Taxonomy