Hoosier Banker 23 Each session comes with challenges in the form of bills or legislative ideas that would disrupt the banking industry, but the IBA was successful in advocating to prevent several troubling bills from passing. Most notably, IBA efforts were central to the defeat of HB 1224, a bill that would have disallowed state government from investing or contracting with companies that are perceived to “boycott” energy companies. HB 1224 would have created a significant risk to financial institutions of being labeled as boycotting the fossil fuels industry based on business decisions. The IBA also fought back against similar legislation, HB 1409, that applied the fossil fuels framework to gun dealers and manufacturers. It is expected that both approaches to forced financing will return next session. The IBA faced a serious debate regarding a new concept of establishing special tax or special assessment districts. These districts would use super liens to sell bonds and apply the proceeds to fund general development, both for infrastructure and broader development. Senate Bill 370 is expected to be brought back next session, and creating a lien priority for these assessments will be central to the debate. Other problematic issues are expected to return in coming years, including bills focused on creating new penalties for lenders related to discrimination in lending, such as HB 1326, and an extension of sales tax to services, as seen with HB 1083. The IBA opposed both of these bills as they were drafted. Thank you to the many legislators and bankers who worked toward satisfactory outcomes on issues of concern to the banking industry. Special thanks also go to the hundreds of member bankers for their grassroots engagement in the fight against HB 1224. Your voice was heard and made a difference. The effort and engagement put forward by so many will ensure that Indiana continues to be a state in which banks can serve their customers well and positively impact Hoosier communities and the broader economy. HB 1 IN 5 CUSTOMERS USE PREPAID CARDS ON A MONTHLY BASIS Don’t miss an opportunity to better serve your customers and attract new customers. Community Prepaid through Bankers’ Bank is a new solution that allows community banks to provide reloadable and gift cards to your customers. Don’t be fooled, not all prepaid programs are the same. With Community Prepaid, you’ll have: • No upfront costs — no charge even for the plastics • No compliance concerns — Bankers’ Bank owns the assets • No complicated balancing or accounting issues — offset load amounts and be paid your revenues directly into your Bankers’ Bank DDA account • No reason to not add this to your product set Visit BankersBank.com to learn how our new prepaid SURJUDP FDQ EHQH¾W \RXU EDQN DQG FXVWRPHUV Join with peers to make the Indiana banking industry’s voice heard at our nation’s capital. Click on the icon in HB Digital for more information and latest updates, or go to: indiana.bank/calendar IBA Annual Washington Trip Washington, D.C. JULY 1113
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