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Bill promotes regulatory relief for community banks

Joe Mont | April 26, 2017

The Independent Community Bankers of America is supporting recently filed legislation that it says will relieve community banks of unnecessary regulatory burdens.

The Community Lending Enhancement and Regulatory (CLEAR) Relief Act, introduced by Rep. Blaine Luetkemeyer (R-Mo.) on April 26, includes several provisions from ICBA’s pro-growth Plan for Prosperity regulatory relief platform.

“The CLEAR Relief Act would help relieve community banks of many crushing regulatory burdens that hinder access to credit, allowing community banks flexibility to meet borrower needs and freeing up resources they can use to make loans and create jobs,” ICBA President and CEO Camden Fine said in a statement.

The ICBA is a trade group that promotes the interests of the community banking industry.

The CLEAR Relief Act promotes regulations tiered to the size and complexity of regulated...

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