This week, the House Banks & Banking Committee held a hearing on our CBA driven legislation— SB 157. Sen. John Kennedy (R), Macon, did a great job presenting our bill. While the committee agenda showed that there was a hearing only for our bill, the committee actually decided to take action on the bill. SB 157 passed unanimously! Rep. Dale Washburn (R), Macon, will be carrying the bill in the House. Now, the bill is in the House Rules Committee. House Rules sets the calendar for House Floor votes. Members of the House
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.
EVP, Chief of Staff, Government & Regulatory Relations