IBAT members are taking the voice of Texas community banking to the United States Capitol this week, meeting with both Texas Senators and more than two-thirds of the Texas Congressional Delegation.
In those meetings, IBAT members will address issues of importance to our industry and communities, including:
- Ensuring any legislative or regulatory response to recent large bank failures do not add additional costs or regulatory burden to community banks;
- Minimizing or eliminating the burden and negative consequences of the implementation of Section 1071 small business reporting mandates;
- Encouraging appropriate regulatory oversight for digital assets and reinforcing our strong opposition to the creation of a Central Bank Digital Currency;
- Advocating for “a level playing field” with tax-advantaged competitors (credit unions, Farm Credit System lenders);
- Reiterating concerns regarding the blending of banking and commerce and expressing support for closing the Industrial Loan Company (ILC) loophole; and
- Opposing additional routing requirements on credit card transactions.
As always, IBAT’s legislative priorities are available on our website in both abbreviated and expanded versions.