Browsing: Policy

Ag Banking

ABA and other agricultural trade associations wrote to the House and Senate Appropriations subcommittees on agriculture today asking lawmakers to include additional funding for the Farm Service Agency’s farm loan programs in the FY 2017 budget bill.


The House Financial Services Committee today approved the Financial Choice Act, a major regulatory reform bill introduced by committee chairman Jeb Hensarling (R-Texas). It passed by a vote of 30 to 26, with no Democrats voting in favor and one Republican, Bruce Poliquin of Maine, voting against as well.


As the House Financial Services Committee prepares to consider Chairman Jeb Hensarling’s Financial Choice Act tomorrow, ABA this afternoon sent a memo thanking Hensarling for putting forth the bill, which would roll back the Dodd-Frank Act’s extensive supervisory regime and provide regulatory relief for banks of all sizes.


In an effort to enhance its ability to grant new limited purpose charters, the OCC is issuing a proposed rule that would address how the agency will handle receiverships for national banks not insured by the FDIC, such as trust banks and other special purpose charters.

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