SB 157 is a CBA driven bill that was voted upon by the Senate on Monday with a vote of 55-0! Senator John Kennedy (R), Macon, did a great job presenting the bill and answering questions from members of the Senate. The bill crossed over to the House and was assigned to the House Banks & Banking Committee. Since this week was crossover week, no formal action was taken on the bill by the House as the House was working hard to get all of their bills crossed over to the Senate. We anticipate that the Committee will be taking up this bill sometime next week. In the House Banks & Banking Committee, Chairman Greg Morris (R), Vidalia, requires that bills be presented to his Committee for a hearing only the first time. During the hearing only session, this is when any public testimony can be made on the bill. CBA is planning to testify during this hearing just as we did during the Senate Banking & Financial Institutions Committee meeting. Chairman Morris will then put the bill on the agenda for a vote at the following Committee meeting. Members of the House Banks & Banking Committee that will be hearing/voting upon the bill are as follows:
We urge you to contact your Representatives and ask them to support SB 157! Click here for talking points that you can share with your Representative. If you need help determining who your legislator is, then please visit https://openstates.org/ga/legislators/ and input your address. Contact information for your legislators can be found on this page. Grass roots advocacy is critical to help us get this bill to the finish line! As a reminder, by utilizing this service, it will help keep local government deposits in your communities and will increase the opportunity for lending to customers and businesses. Due to the importance of this legislation, several other industry stakeholders such as NFIB (National Federation of Independent Businesses), GMA (Georgia Municipal Association), ACCG (Association County Commissioners of Georgia), and Georgia Bankers Association have agreed to support CBA’s efforts to codify this legislation.