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ICBA called on the House Ways and Means Committee to take up ICBA-advocated legislation to support lending in rural communities.
ACRE Act: Introduced by Sens. Jerry Moran (R-Kan.) and Angus King (I-Maine) and Reps. Randy Feenstra (R-Iowa) and Wiley Nickel (D-N.C.), the Access to Credit for our Rural Economy (ACRE) Act (H.R. 3139/S. 2371) would make interest income on farm real estate and rural mortgage loans tax-exempt.
ICBA Statement: In a statement for the record for a field hearing in Scottsdale, Ariz., ICBA said the bill would promote the availability of affordable homes in rural communities.
Be Heard: Community bankers can use ICBA’s Be Heard grassroots resource center to connect with their lawmakers and urge support for the bill.