Community Bankers Association of Illinois

CBAI Action Alert - Urge Illinois' House Members to Cosponsor the Communities First Act
November 15, 2011

The House Financial Services Subcommittee on Financial Institutions and Subcommittee on Capital Markets will hold a joint hearing on Wednesday, November 16th on the CBAI and ICBA-backed Communities First Act (CFA).

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 credit unions. The CFA is extremely important to the continued ability of community banks to effectively service their communities.

H.R. 1697 currently has nearly 50 cosponsors including Illinois Congressmen Robert Dold (R-10th), Tim Johnson (R-15th), Don Manzullo (R-16th), and Mike Quigley (D-5th).

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 this important legislation. Thank you for your efforts!

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