Community Bankers Association of Illinois

CBAI Action Alert - Urge Illinois' Senators to cosponsor the Communities First Act (CFA)
September 27, 2011

Last week Senator Jerry Moran (R-KS) introduced S. 1600, the Communities First Act in the United States Senate. This is companion legislation to H.R. 1697 which was introduced in the United States House of Representatives in May and currently has 36 bipartisan cosponsors, including Congressmen Don Manzullo (IL-R-16), Tim Johnson (IL-R-15) and Mike Quigley (IL-D-5).

The Communities First Act is designed to provide much-needed regulatory relief for community banks, their customers, and their communities. The CFA also reduces the tax burden on community banks and narrows the competitive gap between community banks and tax-exempt credit unions. The CFA is extremely important to the continued ability of community banks to effectively service their communities.

Please click here to respond to this Action Alert and urge Illinois' Senators Richard Durbin and Mark Kirk to cosponsor this important legislation.

Thank you!

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