With the Senate working to take up housing legislation this week, ICBA is calling on community bankers to continue urging their senators to include House-passed community banking provisions in any final housing package.
Background: The 21st Century ROAD to Housing Act—which the House passed last month by a bipartisan 396-13 vote—includes ICBA-advocated provisions to:
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Allow community banks to hold custodial deposits and more reciprocal deposits.
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Provide an 18-month exam cycle and other exam relief for banks with up to $6 billion in assets.
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Promote the formation of de novo community banks.
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Establish a Treasury Financial Agent program enabling partnerships between minority depository institutions, rural community banks, and other financial institutions.
Latest in the Senate: The Senate version of the bill expected to come up this week includes most of these ICBA-advocated provisions—a testament to ICBA and community banker advocacy on this legislation.
Grassroots Push: With the Senate debate continuing today, ICBA is urging community bankers to send a message to their senators urging them to preserve the community banking title. Contact your senators now.