April 30 - The Independent Community Bankers of America has expressed its support for new legislation that would ease excessive regulatory burdens on the nation’s community banks. H.R. 1750, sponsored by Rep. Blaine Luetkemeyer, R-Mo., advances provisions in ICBA’s Plan for Prosperity legislative platform to promote a regulatory environment that will help community banks serve their communities.
“Relieving the nation’s community banks and the communities they serve from crippling regulatory burdens is essential to helping our economy recover,” ICBA President and CEO Camden R. Fine said. “H.R. 1750, which features high-priority provisions from ICBA’s Plan for Prosperity, would make common-sense reforms to help our nation’s economy grow from the ground up. We strongly encourage members of Congress to support this important legislation.”
H.R. 1750 would:
The regulatory-relief provisions in H.R. 1750 are part of ICBA’s Plan for Prosperity legislative platform, which offers detailed policies to ease excessive, redundant and costly regulations to help community banks dedicate more of their resources to promoting economic growth. H.R. 1750 and the ICBA Plan for Prosperity help achieve a tiered approach to regulation for the community bank model to allow these lower-risk institutions better promote economic recovery and job growth in Main Street communities.
For more information, visit www.icba.org.