Municipal Deposit Legislation

​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

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Rules Committee are as follows:  
Powell, Jay Chairman
Hatchett, Matt Vice Chairman
Smith, Richard H. Secretary
Ballinger, Mandi L. Member
Benton, Tommy Member
Beverly, James Member
Blackmon, Shaw Member
Carson, John Member
Cooper, Sharon Member
Dempsey, Katie M. Member
Drenner, Karla Member
Efstration, Chuck Member
Fleming, Barry Member
Greene, Gerald E Member
Harrell, Brett Member
Hawkins, Lee Member
Hugley, Carolyn Member
Jackson, Mack Member
Jones, Jan Member
Knight, David Member

​Lumsden, Eddie Member
Martin, Chuck Member​
Morris, Greg Member
Parrish, Butch Member
Powell, Alan Member
Rogers, Terry Member
Setzler, Ed Member
Smith, Lynn Member
Smyre, Calvin Member
Stephens, Ron Member
Tankersley, Jan Member
Tanner, Kevin Member
Taylor, Darlene K. Member
Williams, Al Member
Williamson, Bruce Member
Boddie, William Ex-Officio
Burns, Jon G. Ex-Officio
Kelley, Trey Ex-Officio
Trammell, Robert Ex-Officio

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.  ​