Rep. Randy Neugebauer (R-Texas) announced yesterday that he will not seek reelection in 2016, retiring after seven terms in the House. The chairman of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, Neugebauer has introduced and sponsored numerous ABA-backed bills over the years on data security, CFPB reform, insurance producer licensing, terrorism risk insurance and other subjects.
Congress sends budget bill to president with numerous ABA-backed provisions
Included in the bill were several ABA-supported tax provisions related to banks, including a modified version of the ABA-advocated ACRE Act and the permanent extension of the Section 199A pass-through deduction rate of 20%.