ICBA and other groups urged Congress to include language in the next stimulus package exempting the third round of Economic Impact Payments from garnishment.
ICBA urges garnishment exemption for EIPs
February 24, 2021 / By ICBA
ICBA and other groups urged Congress to include language in the next stimulus package exempting the third round of Economic Impact Payments from garnishment.
ICBA and other groups urged Congress to include language in the next stimulus package exempting the third round of Economic Impact Payments from garnishment.
Background: Unless this language is included, depository institutions will be obligated to comply with court orders and forced to pay some creditors who attempt to garnish and freeze bank accounts.
More: This language mirrors ICBA-supported language included in the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 affecting the second round of EIPs.
Take Action: With Congress considering the next pandemic relief package, ICBA is calling on community bankers to urge lawmakers to make needed improvements to the Paycheck Protection Program. Contact Congress today.
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