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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.