ABA board chair, CEO update ag bankers on critical advocacy issues
ABA leadership discussed some of the association’s primary advocacy efforts affecting ag lenders and the farmers and ranchers they serve.
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Podcast: James Ballentine reflects on his career in banking advocacy
After 22 years at ABA, the association’s top lobbyist James Ballentine will soon retire. In this special episode of the ABA Banking Journal Podcast, Ballentine reflects on lessons learned during his career in Washington and shares tips both on effective banking advocacy and on promoting diversity and inclusion in banking.
Sen. Moran Stresses Importance of Keeping Rural Banks Competitive
During the ABA Summit, Sen. Moran (R-Kan.) reiterated his support for ECORA and other legislation intended to bolster the competitiveness of rural banks.
Senate Lawmakers Introduce Bill to Level Playing Field Between Banks, FCS
Sens. Jerry Moran (R-Kan.), John Boozman (R-Ark.), Mike Rounds (R-S.D.), Kevin Cramer (R-N.D.) and Roger Marshall (R-Kan.) today introduced S. 2202, the American Bankers Association-backed Enhancing Credit Opportunities in Rural America Act of 2021, which would end the taxation of interest earned from agricultural real estate loans.
ABA’s Elfmann: With ECORA, Help Is on the Way
Farmers, ranchers and producers across the country have stood strong during a year of extreme economic disruption and tumult. America needs them to sustain agriculture, and they need all of the support they can get. At this time, in particular, withholding any would be irresponsible. Reps. Ron Kind (D-Wis.) and Randy Feenstra (R-Iowa) introduced the Enhancing Credit Opportunities in Rural America (ECORA) Act of 2021 in the House of Representatives, bringing it a step closer to law.
Banking on ECORA’s Encore
Though the goals for passing of the reintroduced Enhancing Credit Opportunities in Rural America Act of 2021, commonly known as ECORA, haven’t changed much over the last few years, this Congress may have a better shot at leveling the playing field between farm banks and Farm Credit System lenders, ultimately giving struggling farmers and ranchers greater access to affordable credit options. ABA SVP Ed Elfmann details the importance of ECORA’s passage.
ABA Supports Newly Introduced ECORA Legislation
The American Bankers Association today expressed support for the Enhancing Credit Opportunities in Rural America Act, which would end taxation of interest earned from agricultural real estate loans.
House Lawmakers Reintroduce Bill to Level Playing Field Between Banks, FCS
Reps. Ron Kind (D-Wis.) and Randy Feenstra (R-Iowa) yesterday introduced the American Bankers Association-backed Enhancing Credit Opportunities in Rural America Act. The bill, H.R. 1977, would end the taxation of interest earned from agricultural real estate loans.
Kansas Law Creates Tax Exemption for Interest Income on Ag Real Estate Loans
Kansas Gov. Laura Kelly yesterday signed into law a bill that will help ensure greater parity at the state level
between banks and the government-sponsored Farm Credit System.
ECORA Tax Relief Also Benefits Farms, Single-Family Rural Residences
Recent legislation introduced in both houses of Congress―the Enhancing Credit Opportunities in Rural America Act―would…