Illinois Congressman Adam Kinzinger (R-16th) met with a delegation of community bankers to discuss their important issues and opportunities. The meeting was hosted by Foresight Financial Group’s German-American State Bank and Northwest Bank of Rockford.
Prior to the meeting, CBAI’s Vice President Federal Governmental Relations, David Schroeder, provided the community bankers with an update of federal issues. During the meeting with Congressman Kinzinger, community bankers urged support for the following: the CLEARR Act of 2017 (H.R 2133), in particular relief from onerous residential mortgage regulations and “disparate impact” causes of action; issues in the upcoming Farm Bill including maintaining the E-15 fuel blend requirements; reciprocal deposits not being considered brokered deposits (H.R. 2403); grandfathering captive insurers in FHLB membership (H.R. 2890); and regulatory relief from expanded HMDA reporting requirements (H.R. 2954).
The Congressman appreciated this opportunity to meet with local community bank leadership, and the bankers expressed their sincere appreciation to the Congressman for taking time to discuss their important priorities.
August 16, 2017