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NYLIB Submits Letter to Congress Supporting Deposit Insurance Reform

On December 10, 2025, NYLIB submitted a letter to Congress in support of deposit insurance reform. The letter expresses support for the Community Bank Deposit Access Act of 2025 (H.R. 5317), the Keeping Deposits Local Act (H.R. 3234), and the Main Street Depositor Protection Act (S. 2999).

On December 10, 2025, NYLIB submitted a letter to Congress in support of deposit insurance reform. The letter expresses support for the Community Bank Deposit Access Act of 2025 (H.R. 5317), the Keeping Deposits Local Act (H.R. 3234), and the Main Street Depositor Protection Act (S. 2999). Please read the full letter below.

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NYLIB Submits Letter to Congress Supporting Deposit Insurance Reform
NYLIB Submits Letter to Congress Supporting Deposit Insurance Reform

On December 10, 2025, NYLIB submitted a letter to Congress in support of deposit insurance reform. The letter expresses support for the Community Bank Deposit Access Act of 2025 (H.R. 5317), the Keeping Deposits Local Act (H.R. 3234), and the Main Street Depositor Protection Act (S. 2999).

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NYLIB Submits Letter to New York City Council Opposing COPA
NYLIB Submits Letter to New York City Council Opposing COPA

On December 4, 2025, NYLIB submitted a letter to the New York City Council regarding the potential for the Community Opportunity to Purchase Act (COPA) to decrease access to housing and increase housing costs in New York City.

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NYLIB Submits Comment Letter to FDIC Regarding Part 363 FDICIA Thresholds
NYLIB Submits Comment Letter to FDIC Regarding Part 363 FDICIA Thresholds

On September 26, 2025, NYLIB submitted a comment letter to the FDIC in support of its proposal to raise the Part 363 FDICIA thresholds to account for historical inflation and to index those thresholds to inflation going forward.

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NYLIB Submits Letter to Congress Regarding President Biden’s Tax Reporting Proposal

NYLIB submitted a letter to New York Congressional representatives regarding President Biden’s proposal to require financial institutions to report information on gross inflows and outflows to the IRS.

NYLIB submitted a letter to New York Congressional representatives regarding President Biden’s proposal to require financial institutions to report information on gross inflows and outflows to the IRS.

Dustin Nofziger of Pryor Cashman LLP assisted NYLIB President Edward Lutz with the organization’s comment letter.

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