id,filing_uuid,filing_type,registrant_name,registrant_id,client_name,filing_year,filing_period,issue_code,specific_issues,government_entities,income_amount,expense_amount,is_no_activity,is_termination,received_date
1771021,2ba7f870-a924-48cd-a45e-e069823a4e82,Q4,COMMUNITY BANKERS ASSOCIATION OF ILLINOIS,400531588,COMMUNITY BANKERS ASSOCIATION OF ILLINOIS,2015,fourth_quarter,AGR,"Community Bankers Association of Illinois (CBAI) 2015 Federal Policy Priorities (House and Senate, FDIC, OCC)

Farm Credit System -
Expansionist agenda of the Farm Credit System (FCS).  FCS almost the equivalent of commercial banks yet retaining the benefits of Government Sponsored Enterprise (GSE) status. Tax advantages - unfair competitive advantage. Follow narrow historic mission - abolish or be subject to taxation and oversight and regulation. 

Narrow founding purpose of the System to serve bona fide farmers, ranchers, young-beginning farmers, small farmers, and their farmer-owned cooperatives. 

Support and cooperation of Farm Credit Administration (FCA) - FCS straying beyond its original mission and scope and engaging in inappropriate and unprecedented lending activities.  FCS significant systemic and taxpayer bail-out risks.  

The FCS (only GSE) in active competition with community banks.  Public sector (multi-billion dollar GSE) competition with the private sector (Main Street community banks).

Funding and tax benefits impact on community banks.  FCS not following its narrow historical mission.  Follow narrow mission or abolish System. Abolished or taxation when exceeding a given asset threshold, lending to large borrowers, or engaging in non-farm lending activity.  

FCS requirement to engage in joint rulemaking with federal banking agencies, a member of a federal banking agency on its three person board, requirement to register a class of stock with the Securities and Exchange Commission (SEC), full disclosure as required by the SEC Act, publication of instances of illegal lending and exemptions granted, and subject to regulatory safeguards, disclosures and controls equal to community banks and housing GSEs, including CFPB oversight. 

Congress convening joint committee hearings to investigate the operations, supervision, risks and financial soundness of the FCS, and impact on rural community banks.

Legislation -

H.R. 1314 - Bipartisan Budget Act of 2015 (two year budget) (Title II - Agriculture, Section 201- $3 billion crop insurance reduction) (House and Senate)

S. 1484 - Financial Regulatory Improvement Act of 2015 (bank regulatory relief) (Title I - all sections) (House and Senate, FDIC, OCC)

Comment Letters -

Comment Letter - Federal Reserve System, FDIC, OCC (Regulator advocacy for community banks with National Credit Union Administration and Farm Credit Administration)

Action Alerts -

H.R. 1314 - Bipartisan Budget Act of 2015 (two year budget) (Title II - Agriculture, Section 201- $3 billion crop insurance reduction) (House)

Miscellaneous -

Regarding - Testimony before House Agricultural Committee hearing on the Farm Credit System (House)","Federal Deposit Insurance Corporation (FDIC),Federal Reserve System,HOUSE OF REPRESENTATIVES,Office of Management & Budget (OMB),Office of the Comptroller of the Currency (OCC),SENATE",,50000,0,0,2016-01-18T12:59:15.390000-05:00