The TBA Government Relations Council recommends that the TBA Board of Directors:
Oppose H.R. 4058, legislation that would create a dealers trust for livestock transactions.
Support efforts to reduce the burden of the Bank Secrecy Act/AML, including Congressman Vicente Gonzalez’s effort to engage the State Department to vet trusted foreign customers.
Direct staff to pursue federal legislation creating a five-member Commission to head the Consumer Financial Protection Bureau.
Direct staff to pursue federal legislation limiting the sharing of information on interest earned on the depository accounts of non-resident aliens.
Pursuant to the ratification by the TBA Agriculture and Rural Affairs Committee, direct staff to pursue amendments to federal regulations to permit sending electronic notices for farm product liens.
Direct staff to file a comment letter in response to the ANPR on the Community Reinvestment Act and to develop a basic outline and template TBA members can use in developing their own response letters.