ICBA on American Banker podcast: New IRS reporting still a threat

ICBA continues its battle against the IRS bank reporting proposal, ICBA’s Paul Merski says on a new American Banker podcast.

Podcast: Appearing on an episode of Bankshot that emphasizes the campaign is not over, Merski spotlights how ICBA and community bankers uncovered the proposal earlier this year and began alerting customers, which ignited widespread public opposition.

Ongoing Threat: Treasury Secretary Janet Yellen recently told Congress policymakers continue working to narrow the proposal, while several senators keep it in play, even after ICBA and community bankers successfully kept it out of the House-passed reconciliation bill.

Grassroots: With the IRS reporting plan still alive in Washington, ICBA is encouraging community bankers to continue weighing in on the reconciliation debate with ICBA grassroots resources:

• Urging Congress to oppose the IRS reporting plan.

• Rallying consumers against IRS bank reporting.

• Opposing SBA 7(a) direct lending.