MBL: The Next Political Round
Now comes the hard part.
As tumultuous as the House subcommittee hearing on raising the cap on member business lending was, the really difficult battle will take place in the months ahead.
It is also possible that an increase in the MBL cap could be paired with a tax and regulatory relief bill for banks, sponsored by Sen. Jerry Moran (R-Kan.) and Rep. Blaine Luetkemeyer (R-Mo.).
The tax provisions in the measure include the exclusion of income from agricultural real estate and mortgage loans from taxable income and extend and extend the five-year net operating loss carry-back provision through 2011 for community banks with $15 billion or less in assets.