Legislative Bill Tracking
S.2245 (Sanders)/A.1940(Zebrowski), which would increase the number of withdrawal transactions allowed in basic banking accounts for account holders sixty-five years of age or older from eight to twelve transactions at no additional cost, moved through the Senate Banks Committee and was reported to the Senate floor. This bill has not yet moved in the Assembly, where it is assigned to the Assembly Banks Committee.
More than 100 trade associations, joined by national banking groups, are supporting H.R. 216, the Main Street Tax Certainty Act of 2019 – a bill that makes permanent the 20% deduction for Subchapter S pass-through entities that was included in the 2017 tax reform law. The House bill has a companion bill in the Senate.
For additional information on any of the State or Federal issues, please contact:
Michael P. Smith, President, NYBA, at (212) 297-1699
Clare M. Cusack, General Counsel, at (212) 297-1664
Megan Rowan McGovern, Deputy General Counsel & VP, Government Relations, at (212) 297-1669