Advocacy News

E-News 10-13-23 FEDERAL GOVERNMENT RELATIONS Bowman: Capital Requirements ‘No Substitute’ for Strong Supervision Policymakers should carefully consider whether a proposed increase in capital standards is efficient and appropriately targeted, as regulatory reform in the banking sector can pose potential financial stability risks if the reforms in question fail to account for the potential consequences, Federal Reserve Governor Michelle Bowman said Wednesday during an economic conference in Morocco.  “Regulatory capital requirements, no matter how conservatively calibrated they may be, are simply...
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E-News 10-6-23 STATE GOVERNMENT RELATIONS Lawmakers May Nix State's Income Tax Indiana lawmakers are considering eliminating the state individual income tax as part of its review of Indiana's tax structure. Lawmakers are already phasing down the state income tax – by 2027, Hoosiers will pay 2.9% on earned income, down from the current 3.15% rate. But someone making $50,000 a year would save an additional $1,450 a year if income tax was thrown out altogether. It also would mean Indiana could lose out on the almost $8 billion annually. That’s more than a third of the state's total tax revenue. If...
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E-News 9-29-23 STATE GOVERNMENT RELATIONS Probate Code Commission Votes Down 2 Drafts of Proposed Legislation The Interim Committee on Probate Code Study Commission voted to include in its final report eight of the 10 proposed pieces of legislation included in the commission's Tuesday meeting agenda. The pair of preliminary drafts omitted from the commission's final report – preliminary drafts 3100 and 3110 – can still be considered by the General Assembly. Read preliminary draft 3100 Read preliminary draft 3110 INPRS Says China Divestments 'Ahead of Schedule' Indiana's Public Retirement...
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E-News 9-22-23 FEDERAL GOVERNMENT RELATIONS ABA, ICBA: Keep Credit Card Routing Bill Out of Defense Spending Bill The American Bankers Association, Independent Community Bankers of America and nine other associations representing banks and credit unions urged lawmakers last Friday to reject another attempt to attach the Credit Card Competition Act as an amendment to an unrelated defense spending bill.  Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kan., reintroduced the retailer-supported CCCA earlier this year after failing to generate enough support for the legislation during the previous...
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