{"database": "lobbying", "table": "lobbying_activities", "rows": [[2061521, "565218c8-6b0c-4492-bda0-5c925fa9c59a", "Q4", "COMMUNITY BANKERS ASSOCIATION OF ILLINOIS", 400531588, "COMMUNITY BANKERS ASSOCIATION OF ILLINOIS", 2017, "fourth_quarter", "SMB", "Regulatory relief for community banks in the 115th Congress\n\nTiered regulation and supervision for community banks as contained in the Independent Community Bankers of Americas (ICBA) Plan for Prosperity\n\nThe ICBAs Plan for Prosperity contains the following issue areas and recommendations.\n\nAccess to Capital\nRestore the original intent of the Basel III rule\nCreate a more accurate identification of systemic risk\nSpur additional capital for small bank holding companies by modernizing the Federal Reserves policy statement\nRelieve community banks from excessive Securities and Exchange Commission rules\nRepeal the Collins Amendment for non-SIFIs\nAddress minority bank capital challenges\nRegulatory Relief\nBalance consumer regulation through more accountable Consumer Financial Protection Bureau governance\nEliminate arbitrary disparate impact fair lending lawsuits\nEnsure the viability of mutual banks through new charter and capital options\nSupport rigorous cost-benefit analyses of all new rules to determine if they are justified and indeed needed\nModernize the Bank Secrecy Act (BSA)\nCut the red tape in small business lending by eliminating burdensome data collection\nTarget the Volker Rule on a banks individual risk\nPreserve access to investment advice for middle-class savers\nTax Relief\nLower marginal rates needed for individuals, corporations and businesses\nIncentivize credit for low- and middle-income customers and American agriculture \nModernize Subchapter S constraints\nCreate limited liability corporation (LLC) option for community banks\nRepeal the estate tax\nUpdate the bank qualified (BQ) bond issuer limitation\nSupport a five-year loss carryback that encourages lending during economic downturns\nCreate a tax credit for Bank Secrecy Act (BSA) compliance costs\nAgriculture and Rural America\nAddress arbitrary agricultural loan concentration limits\nInstitute tax relief for rural lending \n\n(House, Senate, OCC, FDIC, CFPB)\n\n\nCBAI 2017 Federal Policy Priorities\n\nRegarding the implementation of regulatory initiatives -\n\nSpecial purpose fintech national bank charters by the OCC to financial technology companies  \n\n\nTaxation of credit unions and their expansion of powers -\n \nOutdated original business model, straying from their founding mission, ignoring field of membership or common bond requirement, now provide the same financial services as community banks, expansionist agenda, cheerleader regulator - National Credit Union Administration, justification for federal tax-exempt status, blatant discrimination against tax-paying community banks, eliminate subsidies or pay fair share of income taxes. \n \nEnhanced data, cyber and payment card security (data security) -\n \nWide-scale data security breaches at national retail chain stores and other entities, far-reaching and costly incidents resulting in reissuing credit and debit cards at a considerable cost.\n\nCommunity banks defense against cyber security threats, their role in securing data and personal information as a matter of good business practice and to comply with legal and regulatory requirements.  \n\nData security principals include the cost of data breaches borne by that party that caused the breach, all participants should be subject to verifiable 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 standard proposals should ensure that community banks are not burdened with having to reassess existing critical systems, and implement and comply with new regulations.  \n\nCommunity banks reliance  on third party service providers (core data processors and subcontractors of technology service providers for example), broadening the regulatory supervision of these service providers to ensure they comply with nondisclosure and confidentiality requirements similar to existing requirements for community banks. \n\n (House, Senate, OCC, FDIC, CFPB)\n\n\nLegislation -\n\nH.R. 2133 - Commercial Lending Enhancement and Regulatory Relief Act of 2017 (CLEARR Act of 2017) - (regulatory relief) (All Sections) (House, OCC, CFPB, FDIC)\n\nS. 1002 - Commercial Lending Enhancement and Regulatory Relief Act of 2017 (CLEAR Relief Act of 2017) (regulatory relief) (All Sections) (Senate, OCC, CFPB, FDIC)\n\nS. 2155 - The Economic Growth, Regulatory Relief and Consumer Protection Act (All sections except those regarding prudential standards applicable solely to banks over $10 billion in assets (Section 401) and credit unions (Section 105) (Senate and House)\n\nH.R. 1 - The Tax Cuts and Jobs Act (Sections particularly concerning the individual rate, corporate rate, Subchapter S pass through rate, mortgage servicing assets (13221), business interest deduction, mortgage interest deduction, state and local taxes (SALT), estate taxes, corporate Alternative Minimum Taxes (AMT), non-qualified deferred compensation plans, and deductions for FDIC premiums) (House and Senate)\n\n\nAction Alerts -\n\nAction Alert regarding Subchapter S (pass through rate) in tax reform legislation - H.R. 1, the Tax Cuts and Jobs Act (House and Senate)\n\nSecond Action Alert regarding Subchapter S (pass through rate) in tax reform legislation - H.R. 1, the Tax Cuts and Jobs Act (House and Senate)\n\n\nMiscellaneous -\n\nPrincipals of Tax Relief and Reform (House, Senate, OCC, CFPB, FDIC)\n\nSupport for Agricultural and Rural America (House, Senate, OCC, CFPB, FDIC)\n\nExpansionist Agenda of Credit Unions and the Farm Credit System (House, Senate, OCC, CFPB, FDIC)", "Consumer Financial Protection Bureau (CFPB),Federal Deposit Insurance Corporation (FDIC),Federal Reserve System,HOUSE OF REPRESENTATIVES,Office of the Comptroller of the Currency (OCC),SENATE", null, 55000, 0, 0, "2018-01-12T17:21:24.200000-05:00"]], "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": ["2061521"], "units": {}, "query_ms": 14.436193043366075, "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"}