STATE GOVERNMENT RELATIONS
Fast-paced session continues: Key bills IBA is watching
The legislative session continued this week at the Statehouse, with lawmakers now in week three of the eight-week session. Activity remains fast-paced as committees work through a high volume of bills ahead of upcoming deadlines. Below is a shortened list of legislation the IBA Government Relations team has been actively monitoring this past week:
- Senate Bill 289 - Public Depositories
- House Bill 1215 - Regulation of Interchange Fees
- Senate Bill 197 - Garnishment
- House Bill 1217 - Regulation of Stablecoin
- House Bill 1153 - Auto Dealer Matters
- House Bill 1116 - Virtual Currency Kiosks
As always, members are encouraged to contact Dax Denton and Connor Wong with any questions or to provide feedback.
FEDERAL GOVERNMENT RELATIONS
Trump directs agencies to restrict housing ownership by large investment firms
President Trump signed an executive order directing federal agencies to cease activities that facilitate the sale of single-family homes to large institutional investors and to take possible legal action against those firms.
Democratic senators introduce bill to lower credit card late fee cap
Three Democratic senators have introduced legislation to revive a Biden-era rule that would lower the cap on credit card late fees to $8.
Congress budgets $324M for CDFI Fund in 2026
Lawmakers have agreed to budget $324 million for the Community Development Institutions Fund in fiscal year 2026, which would maintain the program’s funding at current levels, according to a conference report released by the Senate Appropriations Committee.
Gould suggests easing bank resolution planning requirements
Comptroller of the Currency Jonathan Gould said he sees no benefit in the Federal Deposit Insurance Corp. continuing to require filings from large banks that detail their suggested orderly resolution in case of a bank failure, known as CIDI plans. He also suggested dialing back the scope of resolution plans for the largest banks.
State legislatures enter their busy season
Bank advocates expect 2026 to be a hectic year for state legislation, with possible bills on interchange fees, fraud, AI and more.