WASHINGTON, D.C, – Today, Senators Jim Banks (R-Ind.) and Catherine Cortez Masto (D-Nev.) introduced the Curbing Unreasonable Renumeration at Banks Act. This bipartisan legislation grants the Director of the Federal Housing Finance Agency the authority to set reasonable compensation levels for senior executives. Over the years, the Federal Home Loan Banks’ mission of supporting affordable housing and community lending has taken a back seat to incentivizing profit-driven behavior. As government-sponsored enterprises, FHLBs operate with public backing, including access to low-cost borrowing through government-implied guarantees, which gives them a unique responsibility to prioritize public interest over private gain. However, a 2023 report from the FHFA indicated that executives earned bonuses tied to financial

WASHINGTON, D.C, – Today, Senator Jim Banks (R-Ind.) led a delegation of Indiana agriculture leaders in a meeting with President Trump’s United States Department of Agriculture (USDA) Secretary Brooke Rollins to strengthen the collaboration between Indiana’s farmers, producers, and agricultural innovators and the USDA. Senator Banks was joined by representatives from the Indiana State Department of Agriculture, Purdue University, AgriNovus Indiana, Corteva Agriscience, Elanco, and Beck’s Hybrids. Click Here to Download Photos Senator Jim Banks (R-Ind.): “I’m grateful for President Trump and Secretary Rollins’ strong support of Indiana farmers. Indiana’s agriculture industry plays an important role in feeding our nation, and I’ll continue working with the USDA to help

WASHINGTON, D.C, – Today, Senator Jim Banks introduced the Visa Overstay Penalties Act. This legislation closes a dangerous loophole in U.S. immigration law by classifying visa overstays as a criminal offense—on par with illegal border crossings. The bill imposes up to six months of jail time for first-time offenders and up to two years for repeat offenders, while dramatically increasing civil fines from as little as $50 to up to $1,000, with penalties doubling for repeat violations. It ensures that unlawful presence is treated as the serious national security threat it is. Senator Jim Banks (R-Ind.): “The Boulder terrorist and 9/11 hijackers didn’t sneak in, they overstayed visas.