Municipal Deposit Legislation

This week, the House Banks & Banking Committee was scheduled to have a hearing on our CBA driven legislation—SB 157.  Unfortunately, the Committee was cancelled at the last minute as the Senate was still in session debating the voting machine bill.  The next meeting has been re-scheduled for 2:30PM on Monday, March 18th.  This will be a hearing only for the bill, no vote will be taken.  If the bill passes Committee, Rep. Dale Washburn (R), Macon, has agreed to carry the legislation for Sen. John Kennedy (R), Macon, in the House.
 
Members of the House Banks & Banking Committee that will be hearing/voting upon the bill are as follows: 
 
Morris, Greg, Chairman
Ridley, Jason, Vice Chairman
Nix, Randy, Secretary
Alexander, Kimberly, Member 
Allen, Erick E., Member
Dickey, Robert, Member
Douglas, Demetrius, Member
Dunahoo, Emory, Member
Frazier, Gloria, Member
Hawkins, Lee, Member
Houston, Penny, Member
Knight, David, Member
Marin, Pedro "Pete", Member
Mitchell, Billy, Member
Moore, Beth, Member
Morris, Marc, Member
Parrish, Butch, Member
Pirkle, Clay, Member
Rhodes, Trey, Member
Washburn, Dale, Member
Williamson, Bruce, Member
 
We urge you to contact your Representative 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.

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