.thumbnail.jpg "2010 IBAT Leadership Division Amarillo Golf Tournament")
Community Bank Bill Gaining Steam
Printer-friendly Version
Communities First Act (HR 1697) Continues to Make Progress in Washington
We are pleased to report that the Communities First Act (HR 1697), a broad bill aimed at specific regulatory burden and tax relief for community banks, continues to make progress in Washington.
This bill, an ICBA initiative strongly encouraged and supported by IBAT, was heard in Subcommittee last November, with additional action promised in the coming months. With the cosponsor tally now at 71, it continues to gain traction and momentum. Texas cosponsors include Canseco, Marchant, Poe and Sessions. Additionally, the Senate version of this initiative, S. 1600, counts among its cosponsors Senator Hutchison. We very much appreciate the support of these lawmakers on this “community bank centric” – and much needed – legislation. Detailed information on this bill is available here.
This issue is one of many that will be front and center on our upcoming trip to Washington, DC. For additional information and to register, please visit our website.