Senate Passes 2017 Spending Bill with ABA-Sought Provisions

The Senate today passed the trillion-dollar spending bill for the remainder of fiscal year 2017. The bill, which keeps the government funded through Sept. 30, passed by a 79-18 vote and is expected to be signed by President Trump. As reported in Newsbytes yesterday, the bill includes several key funding increases in agricultural and rural loan programs sought by the American Bankers Association.

The spending bill also includes an ABA-advocated increase in Community Development Financial Institutions Fund spending from $233.5 million to $248 million, a sum that includes a $4 million hike in funding for the Bank Enterprise Award program to $23 million.