Advocacy News

E-News 12-22-22 FEDERAL GOVERNMENT RELATIONS Durbin Amendment Expansion Out of Congressional Omnibus Congress left numerous industry-opposed legislative initiatives out of its end-of-year omnibus spending bill, including language to extend the Durbin Amendment to credit cards. Lawmakers also excluded an industry-opposed effort to impose new routing restrictions on credit cards from the spending deal. Other Key Issues: Community bank advocacy groups also helped ensure the omnibus: Leaves out other problematic issues, including establishing a postal banking pilot program, new overdraft...
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E-News 12-16-22 STATE GOVERNMENT RELATIONS Indiana Snares $22B in New Investment this Year Indiana saw a record-setting $22 billion in capital expenditure by companies this year, eclipsing last year's record total of $8.7 billion and marking an increase of more than 250% from 2021. Notable 2022 investments include: a solar company investing $1.5 billion in northwest Indiana; a $200 million auto-racing headquarters in Fishers; and Samsung SDI building a $2.5 billion electric-vehicle battery plant in Kokomo.          FEDERAL GOVERNMENT RELATIONS Chopra: 1071...
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E-News 12-9-22 STATE GOVERNMENT RELATIONS Indiana House, Senate Announce Committee Changes Both the Indiana House of Representatives and Senate recently announced leadership changes to several committees. Notably, Sen. Scott Baldwin, R-Noblesville, replaces Sen. Andy Zay, R-Huntington, as chairman of the Senate Insurance and Financial Institutions Committee.  In the House, Rep. Jeff Thompson, R-Lizton, replaces former Rep. Tim Brown, R-Crawfordsville, as chair of the Ways and Means Committee. In addition, the House has returned the combined Insurance and Financial Institutions committees into...
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E-News 12-2-22 STATE GOVERNMENT RELATIONS Pensions: State Loses $200M in Russia Divestment Indiana's pension system lost $200 million in two months after Russia invaded Ukraine in early 2022, according to Scott Davis, chief investment officer of the Indiana Public Retirement System – but that's loose change for a system with $45.8 billion in assets invested worldwide. The bulk of INPRS assets are invested in the United States, with the next-largest investments in the United Kingdom, Germany, China and Japan. It also has money in laissez-faire Hong Kong – subject of recent crackdowns by ruling China –...
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