At the urging of IBAT and many Texas community banker constituents, Senior Texas Senator John Cornyn has added his name to the list of co-sponsors to S. 1349, The CLEAR Relief Act of 2014.
“This is a significant development to advance our efforts in obtaining comprehensive regulatory relief for community banks,” said IBAT President and CEO Chris Williston. “This bill will provide much needed relief in restoring consumer access to credit, particularly in the mortgage markets. Senator Cornyn, as a member of the Minority Leadership, can be instrumental in helping us get the bill to the Senate floor,” Williston added.
Nineteen members of the Texas Congressional Delegation are currently co-sponsors (171 co-sponsors overall) of the companion house bill, H.R. 1750. IBAT thanks the following members of the Texas delegation for their sponsorship of this important legislation: Carter, Cuellar, Farenthold, Flores, Gallego, Gohmert, Granger, Hall, Johnson (Sam), Marchant, Neugebauer, Olson, Poe, Sessions, Smith, Stockton, Thornberry, Veasey and Williams.
The future of the bipartisan bills is uncertain as there are limited days remaining in the current Congressional year. IBAT will be in D.C. this week to push for floor time before or immediately after the August recess.
All community bankers are encouraged to meet with their elected officials during the August district work period and encourage members of the delegation to advance the measures.
Staff contact: Chris Williston, email@example.com, 512-474-6889