CBAI Action Alert - Urge Congress to Cosponsor the Communities First Act

December 14, 2011

The CFA (H.R. 1697) is bipartisan legislation that would provide much needed regulatory relief for community banks and their communities. The CFA also reduces the tax burden on community banks and narrows the competitive gap between community banks and tax-exempt unions. The CFA is extremely important to the continued ability of community banks to effectively service their communities.

H.R. 1697 introduced by Blaine Luetkemeyer (R-MO), currently has 61 co-sponsors including Illinois Congressmen Mike Quigley (D-5), Robert Dold (R-10), Randy Hultgren (R-14), Tim Johnson (R-15), and Don Manzullo (R-16).

CBAI recently joined with community bank trade associations across the country in support of the CFA. Read letter. Please click here to urge your Congressman to cosponsor, H.R. 1697.

The companion version of H.R. 1697 (S. 1600) was introduced by Jerry Moran (R-KS) in September, and currently has four co-sponsors.

Please click here to urge Illinois’ Senators Richard Durbin and Mark Kirk to cosponsor S. 1600. Thank you for your efforts.