In separate testimony on Wednesday at the first House Small Business Committee hearing of the 119th Congress, ICBA called on lawmakers to advance regulatory and tax relief that will further enhance small-business lending.
Details: At the “Hope on the Horizon” hearing, ICBA Vice Chair Alice Frazier—the president and CEO of Bank of Charles Town, W.Va.—advocated policies to spur economic growth and job creation in local communities.
Expanding Capacity: “While we are ready to lend today to all qualified borrowers, our capacity could be yet further enhanced by regulatory and tax relief that would allow us to direct more resources toward helping our customers,” Frazier said.
More: Frazier encouraged policymakers to pass Chairman Roger Williams’ 1071 Repeal to Protect Small Business Lending Act, preserve and expand a pro-growth tax environment by extending Section 199A of the Tax Cuts and Jobs Act for pass-through business, and more.
Access: Frazier’s complete testimony is available on the ICBA website, and video of the hearing is posted on YouTube.
