ICBA and 42 state community banking associations issued specific recommendations for the next economic stimulus package as Congress prepares new legislation. Meanwhile, community bankers can weigh in via ICBA's Be Heard grassroots action center.
In a joint letter to congressional leaders, the groups advocated Paycheck Protection Program reforms, capital and accounting relief, liability protection, agricultural support, extending the qualified mortgage "patch," and more.
Several of ICBA’s recommendations are already moving in Congress, including bipartisan bills to forgive PPP loans under $150,000 and establish a free online calculator to complete PPP loan-forgiveness forms.
The customizable message to lawmakers on Be Heard outlines the community bank policy recommendations and existing legislation advancing the policies.