Advocacy News

E-News 3-1-24 STATE GOVERNMENT RELATIONS Two IBA Priority Bills Pass Final House Votes House Bill 1284 and Senate Bill 188, two key IBA priority bills, both passed this week on final votes in the House. HB 1284 (Deposit Account Agreements) is legislation that addresses the recent Indiana Supreme Court rulings that created significant challenges to financial institutions as it relates to making ongoing changes to account agreements. SB 188 (Actions on Deposit Accounts) reduces the statute of limitations for actions upon deposit accounts from six years to two years.  HB 1284 required a...
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E-News 2-23-24 STATE GOVERNMENT RELATIONS Lt. Gov. Crouch, OCRA Announce $8M in Federal Block Grant Funding Lt. Gov. Suzanne Crouch and the Indiana Office of Community and Rural Affairs announced in a Thursday news release that 13 rural Indiana communities will receive more than $8 million in federal grant funding to create and expand community facilities, remove blight and improve water infrastructure. Read the news release The IBA is tracking several bills as the 2024 legislative session progresses, including: Senate Bill 188 – Actions on deposit accounts. House Bill 1284 – Deposit...
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E-News 2-16-24 STATE GOVERNMENT RELATIONS A number of bills saw legislative action this week. The following list contains a few bills the IBA continues to monitor: SB 65 – Salvage Motor Vehicles HB 1332 – Department of Insurance Regulatory Matters HB 1328 – Department of Local Government Finance HB 1284 – Deposit Account Agreements FEDERAL GOVERNMENT RELATIONS Lawmakers Worry AI Could Fuel Future Bank Runs During the hearing on the Fed discount window, subcommittee members voiced concern that the rise of new artificial intelligence technologies could exacerbate the speed of future...
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E-News 2-9-24 STATE GOVERNMENT RELATIONS Bill Limiting Foreign Ownership of Hoosier Ag Land Passes House A bill to limit who can buy agricultural land in Indiana advanced Monday with bipartisan support. House Bill 1183, authored by Rep. Kendell Culp, R-Rensselaer, would prohibit purchasers from “adversarial countries” from owning or leasing Hoosier farmland. A list of those countries is kept by the U.S. Department of Commerce and currently includes six nations: Russia, China, North Korea, Iran, Cuba and Venezuela. The proposal builds on a previous measure passed in the 2022 session, which...
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