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ABA: The American Bankers Association
Statement
  • For Immediate Release
  • July 19, 2023

ABA Applauds Senate Introduction of ACRE Act

“ABA and our members applaud Senators Jerry Moran (R-Kan.) and Angus King (I-Maine) on the introduction of the Access to Credit for our Rural Economy Act of 2023 in the Senate. Inflation and supply-chain disruptions are driving up the cost of running America’s farms and ranches. At the same time, rising interest rates are squeezing profitability for farmers and putting homeownership out of reach for many rural Americans. ACRE offers a simple and targeted solution that will deliver much-needed relief to farmers, ranchers and rural homeowners in more than 17,000 communities throughout the country without creating new government payments or programs. We urge all members of Congress to support this critically important legislation.”

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $24 trillion banking industry, which is composed of small, regional and large banks that together employ approximately 2.1 million people, safeguard $19 trillion in deposits and extend $12.4 trillion in loans.

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