The Independent Community Bankers of America (ICBA) has introduced a new plan titled "Repair, Reform, and Thrive" aimed at addressing the nation's banking regulations. This initiative is set against the backdrop of the 119th Congress and the incoming Trump administration.

ICBA's plan seeks to address key policy challenges faced by community banks and their local communities. The organization has communicated these legislative elements in an open letter to Congress. ICBA President and CEO Rebeca Romero Rainey stated, “ICBA and the nation’s community bankers recognize the magnitude of the opportunity we face in 2025 to make needed changes to excessively burdensome banking regulations that will amplify the positive economic impact of community banks across America.”

The plan addresses issues such as reducing unnecessary regulations from agencies like the Consumer Financial Protection Bureau, leveling regulatory fields with other financial entities, implementing supportive tax policies, and removing barriers for new bank formation.

To access more details about "Repair, Reform, and Thrive: ICBA's Plan for Powering Local Economies," visit ICBA’s website.