ICBA Pleased House Passes New Farm Bill

Washington, D.C. (Jan. 29, 2014)—Bill Loving, chairman of the Independent Community Bankers of America® (ICBA) and president and CEO of Pendleton Community Bank in Franklin, W.Va., said ICBA is pleased that the U.S. House of Representatives voted to approve a new farm bill (H.R. 2642, the Agricultural Act of 2014). 

“ICBA is pleased the House today passed a new farm bill. Adopting this compromise legislation has amounted to a herculean effort over the past couple of years. The legislation will provide a long-term framework for agricultural and rural policies that will benefit rural America, our farmers and ranchers, and the community banks that serve them.

“ICBA appreciates the farm bill’s strengthening of crop and revenue insurance programs, removal of term limits on USDA guaranteed farm operating loans, and other federal policies important to rural America.

“ICBA urges the Senate to quickly follow the House’s action and adopt the farm bill so that it can be signed into law in the next few days.”

For more information, visit www.icba.org.

About ICBA

The Independent Community Bankers of America®, the nation’s voice for nearly 7,000 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit www.icba.org.