ABA-Opposed Revenue Raisers Still in Play in Senate Highway Bill

According to news reports this morning, several ABA-opposed provisions are still in play as revenue-raising measures in the Senate’s highway spending reauthorization bill, even though the bill failed to advance on a procedural motion on Tuesday. The measures the industry objects to include a substantial cut to the dividends paid on Federal Reserve Bank stock to Fed member banks with over $1 billion in assets and an extended increase in the guarantee fees charged by Fannie Mae and Freddie Mac. ABA continues to urge bankers to call their senators opposing the measures.