{"database": "lobbying", "table": "lobbying_activities", "rows": [[1922763, "eb5b645c-a614-4dee-a74e-764a4b1dcda1", "Q4", "COMMUNITY BANKERS ASSOCIATION OF ILLINOIS", 400531588, "COMMUNITY BANKERS ASSOCIATION OF ILLINOIS", 2016, "fourth_quarter", "SMB", "Community Bankers Association of Illinois (CBAI) 2016 Federal Policy Priorities (House and Senate, OCC)\n\nTiered Regulation and Supervision for Community Banks - \n\nThe Independent Community Bankers of Americas Plan for Prosperity-\n\nOutsized risks taken by TBTFs during the financial crisis - different/modest risks posed by community banks - regulations reflecting those differences - regulatory burden on community banks - one-size-fits-all approach - disproportionate burden of banking laws and regulations on community banks  \n\nCredit unions, Farm Credit System lenders and other non-bank financial service providers not subject to the same laws and regulations as community banks - unlevel playing field - a significant competitive disadvantage for community banks\n\nIndependent Community Bankers of Americas (ICBA) Plan for Prosperity - a regulatory platform - community banks able to thrive and contribute to local economies\n\nAddress excessive, redundant and costly regulations - regulatory accountability - community banks dedicating resources to promoting economic growth - steady increase in regulations over many decades - regulatory threats to community banks and their communities.\n\nThe Plan for Prosperity:\nBasel III original intent.\naccurately identify Systemic Risk\nadditional capital for small holding companies - modernizing the Federal Reserves Policy Statement\nrelief from Securities and Exchange Commission (SEC) rules\nrobust housing market - reform mortgage lending\ncommunity bank mortgage servicing\naccountability in bank exams -  providing a workable appeals process\nbank oversight and examinations - better target risk\nrisk targeting in the Volker Rule\nconsumer regulation and inclusive and accountable CFPB governance\narbitrary disparate impact fair lending causes of action\nviability of mutual banks - new charter and capital options\nrigorous and quantitative cost-benefit analysis - justify new rules\n red tape in small business lending - eliminating burdensome data collection\ncredit for low and moderate income customers and American agriculture \nsubchapter S corporation constraints\nLimited Liability Corporation (LLC) option for community banks\nBank Qualified (BQ) bond issuer limitations\nfive-year loss carryback to support lending during economic downturns.\n\nTiered regulatory system based on size and risk profile - banking law, rule, and regulation distinguishing and appropriately regulating community banks. \n\nData, Cyber and Payment Card Security (Data Security)\n\nWide-scale data security breaches at national retail chain stores and other entities - community banks reissuing credit and debit cards at a significant cost - community banks on the frontline of defending against cyber security threats and strong guardians of the security and confidentiality of customer information - central to maintaining public trust and the key to long-term customer retention\n\nCore data security principals - cost of data breaches borne by that party that caused the breach - all participants in the payment system (including merchants) should be subject to Gramm-Leach-Bliley Act-like data security standards - a national data security breach and notification standard should replace the current patchwork of state laws - and any new data security standards should ensure that community banks are not burdened with having to implement and comply with new regulations to achieve the same superior results they currently attain - community banks reliance on third party service providers - delicate balance between securing/sharing appropriate customer information\n\nCredit Union Taxation and Expansion of Powers -\n\nCredit unions distinguishable from community banks - grown to control a significant share of the banking services market - outdated original business model - straying from founding purpose of serving individuals of modest means and with a common bond - same financial services as community banks - justification for federal tax-exempt status in exchange for serving their original mission - credit unions paying their fair share of income taxes - credit unions adhering to a common bond or operating within a well-defined local community, neighborhood or rural district - tax subsidy and level the playing field between credit unions and tax-paying community banks\n\nCredit unions similarity to other types of mutually owned financial institutions - savings banks (SB) and savings and loans (S&L) - the exemption for SBs and S&Ls repealed by Congress in 1951 - (reason) - active competition with taxable institutions [community banks] \n\nCredit union expansion of commercial lending powers - increasing the percentage of cap on member business lending (MBL) - loan growth at the expense of tax-paying community banks - fundamental altering the exclusive member-focused character of credit unions - condition for their original tax exemption\n\nApplying Community Reinvestment Act (CRA) requirements to credit unions - same asset size distinction as banks and thrifts - the same Call Report filing requirements for credit unions as those imposed on community banks\n\nSupport and cooperation of NCUA the cheerleader regulator of credit unions - expansion of membership proposal - weaken the common bond requirement - disregarding Congressional limits - end around Congress. \n\n\nLegislation -\n\nH.R. 1233 and S. 812 - CLEAR Relief Act of 2015 (tiered regulatory reform and relief for community banks) (All sections) (House and Senate, OCC)\n\nH.R. 1766 - Right to Lend Act (repeals new small business loan data collection requirement) (All sections) (House and Senate, OCC)\n\nH.R. 1188 -The Credit Union Business Job Creation Act (expand credit union member business lending cap) (All sections) (House and Senate, OCC) \n\n\nAction Alerts -\n\nAction Alert - Regarding Lame Duck session - Urge Illinois House and Senate members to pass regulatory relief measures\n\n\nMiscellaneous -\n\nTrade Association Industry Letter regarding enacting meaningful regulatory relief measures in the Lame Duck (All sections) (House and Senate) -\n\nRight to Lend Act (H.R. 1766) repeals new small business loan data collection requirement.", "Consumer Financial Protection Bureau (CFPB),Federal Deposit Insurance Corporation (FDIC),Federal Reserve System,HOUSE OF REPRESENTATIVES,Internal Revenue Service (IRS),Office of Management & Budget (OMB),Office of the Comptroller of the Currency (OCC),SENATE", null, 55000, 0, 0, "2017-01-19T13:09:45-05:00"]], "columns": ["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"], "primary_keys": ["id"], "primary_key_values": ["1922763"], "units": {}, "query_ms": 1.8240860663354397, "source": "Federal Register API & Regulations.gov API", "source_url": "https://www.federalregister.gov/developers/api/v1", "license": "Public Domain (U.S. Government data)", "license_url": "https://www.regulations.gov/faq"}