Advocacy News

E-News 5-30-25 FEDERAL GOVERNMENT RELATIONS Report: Treasury to stop producing new pennies next year The Treasury Department will stop putting new pennies into circulation early next year, the Wall Street Journal reported.  Read more Trump vows to end GSE conservatorship President Donald Trump said he is working to take Fannie Mae and Freddie Mac out of conservatorship while maintaining an implicit government guarantee on their obligations and securities. On Truth Social, Trump said the government-sponsored enterprises “provide a vital service to the nation.” Read more...
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E-News 5-23-25 FEDERAL GOVERNMENT RELATIONS House passes tax, spending package in narrow vote The House passed the Republican tax and spending package by 215 to 214 votes early Thursday. The bill, which seeks to extend 2017 tax cuts and implement other priorities, now heads to the Senate. Read more from the Wall Street Journal Trump considers taking Fannie, Freddie public President Donald Trump is considering taking Fannie Mae and Freddie Mac public, consulting with Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Federal Housing Finance Agency Director William Pulte...
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E-News 5-16-25 FEDERAL GOVERNMENT RELATIONS Key legislative priorities included in House tax proposal The House Ways and Means Committee’s “One, Big, Beautiful Bill” legislative package includes many industry-advocated tax policies. Notable examples include:  An ACRE Act policy to make 25% of interest income on agriculture and ranch real estate loans exempt from federal taxation. Increasing the Section 199A deduction from 20% to 23% and making it permanent, which would support Subchapter S community banks and other pass-through businesses. Making permanent lower individual rates, a...
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E-News 5-9-25 FEDERAL GOVERNMENT RELATIONS Federal Reserve leaves key interest rate unchanged The Federal Reserve announced on Wednesday that it is maintaining a benchmark overnight borrowing rate between 4.25% and 4.5% amid persistent uncertainty about the impact of the Trump administration's trade policy. The Federal Open Market Committee's "statement in effect warns that a large trade shock is still set to hit the economy in spite of efforts by the Trump administration to deescalate, with the Fed ... not providing any early dovish lean in favor of a June rate cut," wrote Krishna Guha of Evercore...
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