2019 Legislative Agenda

The TBA Board of directors adopted the 2019 State and Federal Legislative Agenda recommended by the Government Relations Council.

Federal Issues

The TBA Government Relations Council recommends that the TBA Board of Directors oppose H.R. 4058, legislation that would create a dealers trust for livestock transactions.

The TBA Government Relations Council recommends that the TBA Board of Directors supports efforts to reduce the burden of the Bank Secrecy Act/AML, including Congressman Vicente Gonzalez’s effort to engage the State Department to vet trusted foreign customers.

The TBA Government Relations Council recommends that the TBA Board of Directors direct staff to pursue federal legislation creating a five-member Commission to head the Consumer Financial Protection Bureau.

The TBA Government Relations Council recommends that the TBA Board of Directors direct staff to pursue federal legislation limiting the sharing of information on interest earned on the depository accounts of non-resident aliens.

The TBA Government Relations Council recommends that the TBA Board of Directors, pursuant to the ratification by the TBA Agriculture and Rural Affairs Committee, direct staff to pursue amendments to federal regulations to permit sending electronic notices for farm product liens.

The TBA Government Relations Council urges the TBA Board of Directors to direct staff to file a comment letter in response to the ANPR on the Community Reinvestment Act and to develop a basic outline and template TBA members can use in developing their own response letters.

State Issues

The TBA Government Relations Council recommends that the TBA Board of Directors direct staff to work to ensure that the Finance Commission’s Sunset bill maintains the Texas Department of Savings and Mortgage Lending as a separate agency and ensures any administrative penalties collected by the financial regulatory agencies are not swept to the General Revenue Fund.

The TBA Government Relations Council recommends that the TBA Board of Directors, subject to the ratification by the TBA Agriculture and Rural Affairs Committee, directs staff to pursue legislation creating a central filing system for agriculture liens in compliance with the Federal Food Security Act of 1985.

The TBA Government Relations Council recommends that the TBA Board of Directors direct staff to oppose legislation creating a Residential PACE lending program in the State of Texas.

The TBA Government Relations Council recommends that the TBA Board of Directors direct staff to advocate for legislation that would minimize the negative effects of tax lien lenders on properties where preexisting mortgage loans exist.