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ABA: The American Bankers Association
Issue

ECORA Enactment

ABA Position

ABA supports policy initiatives that create equitable, sustainable opportunities in all communities. The bipartisan Enhancing Credit Opportunities in Rural America (ECORA) Act (H.R. 1977), co-sponsored by Rep. Ron Kind and Rep. Randy Feenstra, is intended to lower the cost for farmers and ranchers to acquire credit in rural America. It would create equity in agricultural real estate and lower costs for farmers to acquire credit.

ABA encourages members of Congress to:

Cosponsor ECORA. Attainable credit options for farmers and ranchers is a bipartisan priority.

Hold Hearings on ECORA. The House of Representatives Agriculture and Ways and Means Committees and the Senate Agriculture and Finance Committees have jurisdiction over this legislation. The committees should hold hearings on the value of ECORA to farmers and ranchers and give financial institutions the opportunity to explain the benefits of this legislation.

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Our Experts

Edwin Elfmann

SVP, Agricultural & Rural Banking Policy

Agricultural Banking

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Sarah Grano

(202) 663-5470

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