{"database": "lobbying", "table": "lobbying_activities", "rows": [[2463309, "9cb68f06-72f0-48da-8cec-798acdce2c74", "Q2", "COMMUNITY BANKERS ASSOCIATION OF ILLINOIS", 400531588, "COMMUNITY BANKERS ASSOCIATION OF ILLINOIS", 2020, "second_quarter", "SMB", "Legislation and Regulation -\n \nCoronavirus Aid, Relief, and Economic Security (CARES) Acts Paycheck Protection Program (PPP), and the Treasury and SBA implementation - \ninterest rate below break-even, \nshort PPP loan terms, \nrestricted use of PPP loan proceeds, and\nlender liability, and \na PPP related liquidity facility\n(Treasury, SBA, House, Senate and Federal Reserve)\n\nCoronavirus Aid, Relief, and Economic Security (CARES) Acts Paycheck Protection Program (PPP), and the Treasury and SBA implementation -\nlender participation in the PPP, \ngeneral availability of SBA forms, \naccess to the SBAs portal, \nobtaining log-in credentials, \nSBA forms to obtain approval to become certified, \nSBA website list of active SBA lenders, \nSBA website list of PPP lenders, \nSBA call center access, \nlate release of rules prior to the PPP going live, \nconfusion surrounding the guaranteed portion of the PPP loans, \nbank board members not eligible to apply for PPP loans at their bank, \nPPP related liquidity facility, \naccess to the SBA for answers to questions about the PPP, \nconflicting messaging from the SBA, and \nconsistent need for additional guidance from the SBA and Treasury on various aspects of the PPP \n(House and Senate)\n\nCoronavirus Aid, Relief, and Economic Security (CARES) Acts Paycheck Protection Program (PPP), and the Treasury and SBA implementation - \nSBA technology supporting the PPP including delays in accessing E-Tran and the Lender Gateway, \nadditional funding for (replenishing) the PPP, \nallocation of 25% of future PPP funds for banks under $50 billion in assets, and \nthe creation of a Federal Reserve facility to support lending by providing term financing backed by PPP loans \n(Treasury, SBA, Federal Reserve, House and Senate)\n \nCoronavirus Aid, Relief, and Economic Security (CARES) Acts Paycheck Protection Program (PPP), and the Treasury and SBA implementation - \nallocation of 25% of future PPP funds for banks under $50 billion in assets,\nmore workable loan terms - interest rates below funding costs,\nmore flexible timing for loan disbursements\nexpanding the program to meet non-payroll expenses,\nlender safe harbor, and\nsuspending the beneficial ownership rule for non-current customers\n(House and Senate)\n\nCoronavirus Aid, Relief, and Economic Security (CARES) Acts Paycheck Protection Program (PPP), and the Treasury and SBA implementation - \nallocation of future PPP funds for banks between $10 - $50 billion in assets,\nSBA system crashes,\ndifficulty inputting loans,\nlarge bank preferential access to the SBA for inputting their loans,\nautomated bots overwhelming SBA system, \nslow processing times to input loans,\nexhaustion of the under $10 billion in bank asset funding tranche,\nloan forgiveness, and\npayment of PPP fees to the originating bank\n(House, Senate, FDIC, OCC, Federal Reserve, CFPB)\n\nCoronavirus Aid, Relief, and Economic Security (CARES) Acts Paycheck Protection Program (PPP), and the Treasury and SBA implementation - \ndifference in taxing origination fee income from PPP loans between tax paying community banks and tax-exempt credit unions\n(House)\n\nCoronavirus Aid, Relief, and Economic Security (CARES) Acts Paycheck Protection Program (PPP), and the Treasury and SBA implementation - \nrequirement that 75% of loan proceeds must be spent on retaining payroll,\nstraight-forward approach to loan forgiveness,\nloan forgiveness calculator,\npresumption of borrower compliance for loans of $1 million and under, and\nquestions related to loan forgiveness\n(House and Senate)\n\n\nLetters -\n\nComment Letter to the Office of Comptroller of the Currency (OCC) regarding: Joint Notice of Proposed Rulemaking - Request for Comment on Community Reinvestment Act Regulations - Office of Comptroller of the Currency, Docker ID OCC-2018-0008 and RIN 1557-AE34; Federal Deposit Insurance Corporation, RIN 3064-AF22 (OCC and FDIC)\n\nLetter to the Federal Deposit Insurance Corporation (FDIC), OCC and Federal Reserve regarding providing financial services to non-customers and the unbanked during the COVID-19 crisis (FDIC, OCC, Federal Reserve and House)\n\nLetter to House and Senate regarding Coronavirus Aid, Relief, and Economic Security (CARES) Acts Paycheck Protection Program (PPP), and the Treasury and SBA implementation -\nthe process for submitting closed loans to the SBA,\nborrower forgiveness,\nsubmitting SBAs form 1502,\namount of the loan to be forgiven, \nforgiveness calculator,\npercentage of proceeds used for payroll versus non-payroll expenses,\nconsequences of not spending 75% of loan proceeds on payroll, \nwhat constitutes full-time staff and new hires,\nare payments made in the 8 week period limited to cash payroll versus accrued and the impact on forgiveness,\nform of proof or documentation to qualify for forgiveness,\npayroll and forgivable expenses for the self-employed, \nself-rental income qualifying for forgiveness,\nintended way to remit forgiveness amounts to lenders,\ndifference in taxing origination fee income from PPP loans between tax paying community banks and tax-exempt credit unions, and\neligibility for employee retention credit (ERC)\n(House and Senate)\n\nLetter to House and Senate regarding Coronavirus Aid, Relief, and Economic Security (CARES) Acts Paycheck Protection Program (PPP), and the Treasury and SBA implementation -\nflexible spending of loan proceeds - 75%/25% split,\nflexible options for the 8 week period to spend funds,\npresumption of borrower compliance for loans under $1 million,\neasy to apply approach to loan forgiveness,\nloan forgiveness calculator,\nstreamline form for self-employed and independent contractors, and\npreserve payroll and other business expense deductions for PPP loan recipients\n(House and Senate)\n\nComment Letter to the NCUA regarding proposed rule about combination transactions with non-credit unions, credit union asset acquisitions - RIN 3313-AF10 (NCUA)\n\n\nAction Alerts -\n\nAction Alert regarding replenishing the SBAs small business loan fund (PPP) (Phase 2) (House and Senate)\n\nAction Alert regarding fixing various problems with the SBAs PPP (House and Senate)\n\nAction Alert regarding recommendations for improvement and answers to questions about the SBAs PPP loans (House and Senate)\n\nAction Alert regarding passing necessary SBA PPP reforms (Senate and House)\n\nAction Alert regarding NCUA proposal to increase transparency of credit unions acquiring community banks, allowing the largest credit unions to issue subordinated debt, holding hearings on credit unions weaponizing their tax-exempt status to purchase community banks (NCUA, House and Senate)\n\n\n\nMiscellaneous -\n\nJoint (OCC and FDIC) Notice of Proposed Rulemaking on Community Reinvestment Act [CRA] Regulations, the modernization of the CRA (House)\n\nOn-line lender versus community bank lender performance during the COVID-10 crisis (House and Senate)", "Consumer Financial Protection Bureau (CFPB),Federal Deposit Insurance Corporation (FDIC),Federal Housing Finance Agency (FHFA),Federal Reserve System,HOUSE OF REPRESENTATIVES,Natl Credit Union Administration (NCUA),Office of the Comptroller of the Currency (OCC),SENATE,Small Business Administration (SBA),Treasury, Dept of", null, 60000, 0, 0, "2020-07-10T11:51:26.777000-04:00"]], "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": ["2463309"], "units": {}, "query_ms": 42.92630997952074, "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"}