Trade Associations
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MGMA Supports Policies Advancing the Next Generation of America's Health Care Workforce
WASHINGTON, March 7 -- The Medical Group Management Association issued the following letter on March 6, 2026:
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MGMA Supports Policies Advancing the Next Generation of America's Health Care Workforce
MGMA applauds the Subcommittee on Health for convening this important hearing on strengthening the healthcare workforce and for its focus on addressing shortages in rural and underserved communities.
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To: The Honorable Vern Buchanan, Chairman, Committee on Ways and Means Subcommittee on Health, U.S. House of Representatives, 1139 Longworth House Office Building, Washington D.C. 20515
The
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WASHINGTON, March 7 -- The Medical Group Management Association issued the following letter on March 6, 2026:
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MGMA Supports Policies Advancing the Next Generation of America's Health Care Workforce
MGMA applauds the Subcommittee on Health for convening this important hearing on strengthening the healthcare workforce and for its focus on addressing shortages in rural and underserved communities.
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To: The Honorable Vern Buchanan, Chairman, Committee on Ways and Means Subcommittee on Health, U.S. House of Representatives, 1139 Longworth House Office Building, Washington D.C. 20515
TheHonorable Lloyd Doggett, Ranking Member, Committee on Ways and Means Subcommittee on Health, U.S. House of Representatives, 1139 Longworth House Office Building, Washington D.C. 20515
Re: Statement for the Record- Committee on Ways and Means Subcommittee on Health Hearing on Advancing the Next Generation of America's Health Care Workforce
Dear Chairman Buchanan and Ranking Member Doggett,
On behalf of the Medical Group Management Association (MGMA), which represents medical group practices across all specialties and care settings, including over 70,000 practice leaders responsible for delivering care to more than 350,000 physicians. MGMA members are responsible for delivering care to hundreds of millions of patients annually, spanning primary care, specialty services, and rural health. They are at the forefront of improving access, efficiency, and quality of care in the U.S. healthcare system.
MGMA applauds the Subcommittee on Health for convening this important hearing on strengthening the healthcare workforce and for its focus on addressing shortages in rural and underserved communities, modernizing graduate medical education (GME), and ensuring the long-term sustainability of the healthcare workforce pipeline. Across the country, medical groups are facing challenges in recruiting and retaining physicians, advanced practice clinicians, and other essential staff. Healthcare workforce shortages undermine access to care, limit practice capacity, and strain the physicians who remain. We appreciate the opportunity to provide a statement for the record, highlighting some of our priorities and concerns regarding the healthcare workforce.
Support for GME and Rural Residency Training Expansion
As physician shortages deepen, with projections showing a shortfall of 86,000 primary care and specialty physicians by 2036/1, expanding training capacity is essential, but increasing the number of residency slots alone will not fully resolve the challenge. Many new physicians are choosing higher-paying subspecialties over primary care, often driven by significant student debt and the financial incentives of extended specialty training, making it increasingly difficult for rural and underserved communities to recruit and retain clinicians. MGMA strongly supports efforts such as the Resident Physician Shortage Reduction Act of 2025 (H.R.4731/S. 2439), which expands Medicare-supported GME positions with targeted distribution to high need communities, and the Rural Residency Planning and Development Act of 2025 (H.R. 6468), which provides dedicated, sustained funding to build and expand rural residency programs, and thanks members of the Committee for sponsoring these important legislations. By supporting rural pathways in primary care and other high need specialties, including family medicine, internal medicine, preventive medicine, psychiatry, general surgery, and maternal health, these bills will help ensure that rural practices can recruit, train, and retain physicians, strengthening long-term access to care across underserved regions.
Immigration Pathways
MGMA is concerned that the President's September 19, 2025 proclamation, Restriction on Entry of Certain Nonimmigrant Workers, which implements a $100,000 H-1B application fee, will further increase healthcare workforce shortages./2 Physicians have historically been shielded from key H-1B constraints through cap exemptions and public-interest waivers because of their essential role in the nation's public health and persistent health care workforce shortages. Therefore, maintaining an exemption from the new application fee would be consistent with prior immigration and health policy precedent.
The Department of Homeland Security (DHS) issued a clarification on October 20, 2025, which limits the $100,000 H 1B fee to applicants outside the United States, offering only narrow relief for J 1 physicians already in the country who transition to H 1B status through programs such as Conrad 30. Because most H 1B physicians and healthcare workers apply from abroad, the fee still applies to the majority of applicants. Rural and underserved communities, in particular, rely heavily on the H 1B pathway, including through the Conrad 30 program, which has placed more than 18,000 physicians in shortage areas over the past two decades./3
Beyond physicians, medical group practices rely on a broad range of professionals, including nurses, nurse practitioners, physician assistants, laboratory scientists and technicians, imaging and radiology technologists, respiratory therapists, pharmacists, and other specialized clinicians.
The Department of Labor (DOL) data shows that non-physician clinicians collectively account for more H-1B certifications than physicians in healthcare. In fiscal year 2024, more than 9,300 physician applications were certified, but more than 10,000 applications came from nurses, therapists, lab and imaging technicians, behavioral health clinicians, dentists, and other specialized health workers./4 Without a categorical exemption for healthcare workers, these barriers will exacerbate staffing shortages, impede recruitment across essential clinical roles, and ultimately restrict patient access to timely, high-quality- care. MGMA appreciates members of Congress's efforts to raise these concerns with DHS and request exemptions for healthcare workers from the application fee.
Educational Financing
Along those same lines, federal student loan borrowing limit provisions within the One Big Beautiful Bill Act risk undermining the pipeline of health care professionals that medical group practices rely on. Beginning July 1, 2026, students in graduate programs would be limited to $20,500 per year with a $100,000 lifetime cap, while students in designated professional degree programs could borrow up to $50,000 annually with a $200,000 aggregate limit. To implement these changes the Department of Education (ED) is operating with a definition of "professional degree" that includes physicians but excludes other critically needed healthcare roles central to the functioning of medical group practices, such as nurses and physician assistants. These programs require postgraduate education, clinical rotations, and licensure, yet would be subject to the significantly lower borrowing caps under the graduate student definition. These limits would increase out of pocket costs for students and deter qualified applicants from entering essential clinical professions.
MGMA supports efforts on behalf of members of Congress to advance legislation to adopt a more inclusive definition of "professional degree" that incorporates other vital healthcare professions, and the bipartisan letter from lawmakers to the ED, urging the reversal of restrictions on student loans for advanced nursing degrees.
Administrative Burden
While MGMA strongly supports initiatives to grow the physician pipeline, it is equally important to address the administrative and regulatory pressures that are driving burnout in the current workforce. Reducing these burdens would help retain the physicians already in practice and slow the accelerating shortages. MGMA has long advocated for significant reforms to prior authorization processes and continues to hear from practices that these burdens are a top cause of workforce dissatisfaction and early career departure. We thank members of the subcommittee for sponsoring the bipartisan and bicameral Improving Seniors' Timely Access to Care Act of 2025 (H.R. 3514/S.1816), which will streamline prior authorization within the Medicare Advantage program. Administrative simplification is a workforce policy, and meaningful reform will help retain clinicians and improve patient care. Rural facilities face unique challenges with prior authorization because they are more likely to be understaffed, financially strained, and to lack the administrative capacity to manage these requirements. Rural residents also experience higher rates of chronic diseases and face significant transportation barriers, which exacerbate delays and interruptions in care due to prior authorization.
Conclusion
MGMA thanks the subcommittee for its bipartisan focus on advancing the next generation of America's healthcare workforce. MGMA stands ready to work with members of the subcommittee to advance policies that expand GME capacity, modernize rural residency training infrastructure, strengthen workforce immigration pathways, protect educational financing, and reduce administrative burden. We appreciate the opportunity to submit this statement and look forward to continued collaboration. If you have any questions, please contact Hannah Grow, Associate Director of Government Affairs, at hgrow@mgma.org or 202-293-3450.
Sincerely,
/s/ Anders Gilberg
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Footnotes:
1/ Association of American Medical Colleges. (2024). The complexities of physician supply and demand: Projections from 2021 to 2036. https://www.aamc.org/media/75236/download?attachment.
2/ The White House. Restriction on entry of certain nonimmigrant workers. Published September 19, 2025. Accessed September 19, 2025. https://www.whitehouse.gov/presidential-actions/2025/09/restriction-on-entry-of-certain-nonimmigrantworkers/.
3/ Abughanimeh O, Abu Ghanimeh M. H 1B Visa Program and Implications for Health Care. JAMA. 2025;334(22
4/ Zionts A, Reese P. Rural Health Providers Could Be Collateral Damage From $100K Trump Visa Fee. KFF Health News. December 9, 2025
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Original text here: https://www.mgma.com/advocacy-letters/march-6-2026-mgma-supports-policies-advancing-the-next-generation-of-americas-healthcare-workforce
[Category: Medical]
U.S. Chamber Welcomes Tariff Refund Proposal
WASHINGTON, March 6 [Category: Business] -- The U.S. Chamber of Commerce posted the following news release:
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U.S. Chamber Welcomes Tariff Refund Proposal
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WASHINGTON, D.C. - In response to a tariff refund proposal submitted by U.S. Customs and Border Protection (CBP) to the Court of International Trade today, U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley released the following statement:
"The Chamber was pleased to see the constructive and practical proposal put forward by the administration this morning on how to administer refunds efficiently
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WASHINGTON, March 6 [Category: Business] -- The U.S. Chamber of Commerce posted the following news release:
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U.S. Chamber Welcomes Tariff Refund Proposal
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WASHINGTON, D.C. - In response to a tariff refund proposal submitted by U.S. Customs and Border Protection (CBP) to the Court of International Trade today, U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley released the following statement:
"The Chamber was pleased to see the constructive and practical proposal put forward by the administration this morning on how to administer refunds efficientlyand expeditiously. Most importantly, this proposal would spare the hundreds of thousands of small businesses who are owed refunds from having to litigate to obtain them. We encourage continued work to refine and implement this proposal within the 45 day timeline identified by the administration."
Earlier this week, the Chamber and the Consumer Technology Association filed an amicus brief with the Court of International Trade calling for an orderly, efficient process to refund tariffs without the need for litigation.
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Original text here: https://www.uschamber.com/international/u-s-chamber-welcomes-tariff-refund-proposal
Missouri's Rural Health Transformation Team Seeks Feedback On Hub Design
JEFFERSON CITY, Missouri, March 6 [Category: Health Care] -- The Missouri Hospital Association posted the following news:
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Missouri's Rural Health Transformation Team Seeks Feedback On Hub Design
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Missouri's Rural Health Transformation Team released a survey to help design the Rural Health Transformation Program's multicounty Hub structure. This effort reflects Missouri's commitment to partner closely with local providers as the state builds the future of rural health care.
The Missouri Department of Social Services, through MO HealthNet, is requesting input from hospitals and other
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JEFFERSON CITY, Missouri, March 6 [Category: Health Care] -- The Missouri Hospital Association posted the following news:
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Missouri's Rural Health Transformation Team Seeks Feedback On Hub Design
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Missouri's Rural Health Transformation Team released a survey to help design the Rural Health Transformation Program's multicounty Hub structure. This effort reflects Missouri's commitment to partner closely with local providers as the state builds the future of rural health care.
The Missouri Department of Social Services, through MO HealthNet, is requesting input from hospitals and otherrural health partners to inform the Transformation of Rural Community Health Care (ToRCH Care) program. Regional Hubs, which will comprise of about three to five counties each, will coordinate clinical and nonclinical services among hospitals, clinics, pharmacies, EMS and community-based organizations.
To ensure these Hubs align with how communities naturally collaborate across county lines, DSS is gathering perspectives through the short survey. Responses are due by Thursday, March 12.
Hospital leaders are encouraged to share the survey with staff across clinical locations in the identified rural counties. Your insight is essential to shaping Missouri's rural health future.
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Original text here: https://www.mohospitals.org/newsroom/missouris-rural-health-transformation-team-seeks-feedback-on-hub-design
ICBA and Holtmeyer & Monson Mark 20th Anniversary Serving Community Banks
WASHINGTON, March 6 [Category: Financial Services] -- The Independent Community Bankers of America posted the following news release:
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ICBA and Holtmeyer & Monson Mark 20th Anniversary Serving Community Banks
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San Diego, Calif. (March 6, 2026) -The Independent Community Bankers of America (ICBA) today recognized the 20th anniversary of its strategic relationship with Holtmeyer & Monson (H&M) during its annual convention, ICBA LIVE, in San Diego. An ICBA Preferred Service Provider since 2006, H&M supports community banks with a full range of services related to government-guaranteed lending,
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WASHINGTON, March 6 [Category: Financial Services] -- The Independent Community Bankers of America posted the following news release:
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ICBA and Holtmeyer & Monson Mark 20th Anniversary Serving Community Banks
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San Diego, Calif. (March 6, 2026) -The Independent Community Bankers of America (ICBA) today recognized the 20th anniversary of its strategic relationship with Holtmeyer & Monson (H&M) during its annual convention, ICBA LIVE, in San Diego. An ICBA Preferred Service Provider since 2006, H&M supports community banks with a full range of services related to government-guaranteed lending,including SBA loan packaging and closing, securitization and sale, and portfolio management.
"For two decades, Holtmeyer & Monson has been a valued ally helping community banks expand their lending capabilities and better serve their customers," ICBA Senior Vice President of Innovation Programs Adam Mahone said. "Their expertise in government-guaranteed lending gives community banks access to specialized resources that strengthen their ability to grow small businesses, support local economies, and diversify revenue streams."
Holtmeyer & Monson brings more than 40 years of expertise to financial institutions, enabling community banks to offer government-guaranteed lending programs without adding staffing resources or operational overhead. The company's outsourced services help banks efficiently manage the lifecycle of SBA and USDA loans while generating non-interest income through the sale of loan guarantees in the secondary market. Holtmeyer & Monson is SOC 2 Type II certified.
"Our relationship with ICBA has always been grounded in a shared belief in the power of community banking," said Co-Founder and President Arne Monson. "For more than two decades, we've worked together to help community banks access SBA and USDA lending opportunities that deliver vital capital to small businesses while driving profitable growth for their institutions. We look forward to continuing this collaboration and helping banks build even stronger lending programs in the years ahead."
About ICBA
The Independent Community Bankers of America(r) has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation's community banks through effective advocacy, education, and innovation.
As local and trusted sources of credit, America's community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers' financial goals and dreams. For more information, visit ICBA's website at icba.org.
About Holtmeyer & Monson
Holtmeyer & Monson Headquartered in Memphis, Tennessee, Holtmeyer & Monson provides community lenders with comprehensive, outsourced services and the high level of expertise required for SBA and USDA lending. The company helps institutions offer small businesses access to capital while benefiting from a profitable source of non-interest fee income. For more information about the Holtmeyer & Monson program, visit www.icba.org/psp
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Original text here: https://www.icba.org/w/icba-and-holtmeyer-monson-mark-20th-anniversary-serving-community-banks
Global Semiconductor Sales Increase 3.7% Month-to-Month in January
WASHINGTON, March 6 [Category: Computer Technology] -- The Semiconductor Industry Association posted the following news release:
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Global Semiconductor Sales Increase 3.7% Month-to-Month in January
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Friday, Mar 06, 2026, 5:00pm
by Semiconductor Industry Association
Worldwide chip sales increase 46.1% year-to-year
WASHINGTON-March 6, 2025-The Semiconductor Industry Association (SIA) today announced global semiconductor sales were $82.5 billion during the month of January 2026, an increase of 3.7% compared to the December 2025 total of $79.6 billion and 46.1% more than the January
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WASHINGTON, March 6 [Category: Computer Technology] -- The Semiconductor Industry Association posted the following news release:
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Global Semiconductor Sales Increase 3.7% Month-to-Month in January
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Friday, Mar 06, 2026, 5:00pm
by Semiconductor Industry Association
Worldwide chip sales increase 46.1% year-to-year
WASHINGTON-March 6, 2025-The Semiconductor Industry Association (SIA) today announced global semiconductor sales were $82.5 billion during the month of January 2026, an increase of 3.7% compared to the December 2025 total of $79.6 billion and 46.1% more than the January2025 total of $56.5 billion. Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.
"Following the semiconductor industry's highest-ever sales total in 2025, the global chip market continued to grow in January of this year, topping December's results and far outpacing sales from January of last year," said John Neuffer, SIA president and CEO. "Sales into the Asia Pacific region and China were major drivers of year-to-year growth, and global sales are projected to reach roughly $1 trillion in 2026."
Regionally, year-to-year sales in January were up in Asia Pacific/All Other (82.4%), China (47.0%), the Americas (34.9%), and Europe (26.1%), but declined in Japan (-6.2%). Month-to-month sales in January increased in China (5.8%), Asia Pacific/All Other (5.0%), Europe (5.3%), and the Americas (1.2%), but were down in Japan (1.7%).
For comprehensive monthly semiconductor sales data and detailed WSTS forecasts, consider purchasing the WSTS Subscription Package. For detailed historical information about the global semiconductor industry and market, consider ordering the SIA Databook.
[ January 2026 chart and graph ]
Media Contact
Dylan Peterson
Semiconductor Industry Association
812-679-8952
dpeterson@semiconductors.org
About SIA
The Semiconductor Industry Association (SIA) is the voice of the semiconductor industry, one of America's top export industries and a key driver of America's economic strength, national security, and global competitiveness. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. Through this coalition, SIA seeks to strengthen leadership of semiconductor manufacturing, design, and research by working with Congress, the Administration, and key industry stakeholders around the world to encourage policies that fuel innovation, propel business, and drive international competition. Learn more at www.semiconductors.org.
About WSTS
World Semiconductor Trade Statistics (WSTS) is an independent non-profit organization representing the vast majority of the world semiconductor industry. The mission of WSTS is to be the respected source of semiconductor market data and forecasts. Founded in 1986, WSTS is the singular source for monthly industry shipment statistics.
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Original text here: https://www.semiconductors.org/global-semiconductor-sales-increase-3-7-month-to-month-in-january/
California High School Produces Both First- and Second-Place Winners in National Lights, Camera, Save! Video Contest
WASHINGTON, March 6 [Category: Financial Services] -- The American Bankers Association posted the following news release:
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California High School Produces Both First- and Second-Place Winners in National Lights, Camera, Save! Video Contest
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WASHINGTON - The American Bankers Association Foundation has announced the national winners of the Lights, Camera, Save! teen video contest, a nationwide competition that encourages teens ages 13-18 to create a 30-second or less video educating their peers on the importance of smart money management.
This year's first place winner is Adam Costa,
... Show Full Article
WASHINGTON, March 6 [Category: Financial Services] -- The American Bankers Association posted the following news release:
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California High School Produces Both First- and Second-Place Winners in National Lights, Camera, Save! Video Contest
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WASHINGTON - The American Bankers Association Foundation has announced the national winners of the Lights, Camera, Save! teen video contest, a nationwide competition that encourages teens ages 13-18 to create a 30-second or less video educating their peers on the importance of smart money management.
This year's first place winner is Adam Costa,representing Montecito Bank & Trust in Santa Barbara, Calif., for his video " It All Adds Up!", earning a $10,000 grand prize. Costa's video was selected from a record number of entries after two rounds of national judging, including public voting on ABA's Instagram page.
"Each year, we are inspired by the creativity and enthusiasm students bring to this contest," said Lindsay Torrico, executive director of the ABA Foundation. "Adam's video offers an engaging and memorable reminder that consistent, thoughtful financial habits truly do add up over time. We congratulate Adam and all of this year's national finalists for their outstanding work and commitment to helping their peers build lifelong financial skills."
For the first time in the contest's history, both the first- and second-place national winners hail from the same school-Dos Pueblos High School in Goleta, Calif. - although they each won local competitions at different California banks. Second-place honors went to Ethan Gardiner representing American Riviera Bank in Santa Barbara, Calif. for his video, "Climbing the College Mountain," which earned him a $5,000 prize.
Third place in this year's competition was awarded to Logan Ivory who represented AmeriServ Financial in Johnstown, Pa., for his video, "Don't Fall Prey to the Debt Trap."
This year's Lights, Camera Save! competition was made possible through the generous support of Visa. Visa's partnership enabled the ABA Foundation to offer the program at no cost to participating banks nationwide. Visa's contribution also powered exciting enhancements to the contest, including a new teacher recognition component and increased cash prizes for teen filmmakers.
"Community financial institutions are often the first place young people learn how money actually works," said Celeste Schwitters, senior vice president, community accounts and digital sales at Visa. "Through Lights, Camera, Save!, teens aren't just learning financial concepts, they're applying them, sharing them, and shaping how their peers think about money. Visa is proud to support the ABA Foundation and the local institutions helping make financial education practical, engaging, and accessible in communities across the country."
This free competition is one of ABA Foundation's most popular financial education initiatives. Thousands of teens participate annually through local contests hosted by banks across the country, with finalists advancing to the national round. The contest helps young people develop and share their understanding of budgeting, saving, avoiding debt, and other key financial concepts.
National Winners
1st Place - $10,000
"It All Adds Up!"
Adam Costa
Montecito Bank & Trust -Santa Barbara, Calif.
2nd Place - $5,000
"Climbing the College Mountain"
Ethan Gardiner
American Riviera Bank -Santa Barbara, Calif.
3rd Place - $2,500
"Don't Fall Prey to the Debt Trap"
Logan Ivory
AmeriServ Financial -Johnstown, Pa.
In addition to the national Lights, Camera, Save! contest, the ABA Foundation also honors a "Bankers' Choice" winner that was voted on by attendees at ABA's Conference for Community Bankers in Orlando. This year's Bankers' Choice winner was Micah Hill, representing Burke & Herbert Bank in Alexandria, Va., for his video, "Declined and Confused."
Since 1997, the ABA Foundation's financial education initiatives have reached millions of people through its banker presentations. Current Foundation programs include:
* Teach Children to Save
* Lights, Camera, Save!
* Get Smart About Credit
* Safe Banking for Seniors
Participation in all of the ABA Foundation programs is available free of charge to ABA member banks and non-member banks.
Note to Editors: Click here to view the grand prize announcement video and national finalists.
About the ABA Foundation
Through its leadership, partnerships, and national programs, ABA's Community Engagement Foundation (dba ABA Foundation), a 501(c)3, helps bankers provide financial education to individuals at every age, elevate issues around affordable housing and community development, and achieve corporate social responsibility objectives to improve the well-being of their customers and their communities.
About the American Bankers Association
The American Bankers Association is the voice of the nation's $25.3 trillion banking industry, which is composed of small, regional and large banks that together employ over 2 million people, safeguard $20.1 trillion in deposits and extend $13.5 trillion in loans.
About the ABA Foundation
Through its leadership, partnerships, and national programs, ABA's Community Engagement Foundation (dba ABA Foundation), a 501(c)3, helps bankers provide financial education to individuals at every age, elevate issues around affordable housing and community development, and achieve corporate social responsibility objectives to improve the well-being of their customers and their communities.
In Depth
* Financial Literacy
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Original text here: https://www.aba.com/about-us/press-room/press-releases/lights-camera-save-winners-2026
Bill aims to boost Missouri's film and TV industry
JEFFERSON CITY, Missouri, March 6 [Category: Business] -- The Missouri Chamber of Commerce and Industry posted the following news:
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Bill aims to boost Missouri's film and TV industry
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Lawmakers are considering legislation that would keep the cameras rolling in Missouri and bring more movie and TV productions to the Show Me State.
SB 1079, sponsored by Sen. Kurtis Gregory (R-Marshall), would strengthen Missouri's motion media production tax credit program.
Under current law, $8 million annually is allocated for film productions and $8 million for television series. Gregory's bill would
... Show Full Article
JEFFERSON CITY, Missouri, March 6 [Category: Business] -- The Missouri Chamber of Commerce and Industry posted the following news:
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Bill aims to boost Missouri's film and TV industry
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Lawmakers are considering legislation that would keep the cameras rolling in Missouri and bring more movie and TV productions to the Show Me State.
SB 1079, sponsored by Sen. Kurtis Gregory (R-Marshall), would strengthen Missouri's motion media production tax credit program.
Under current law, $8 million annually is allocated for film productions and $8 million for television series. Gregory's bill wouldcombine those amounts into a single $16 million annual cap, eliminating the separate limits for film and TV series projects and allowing greater flexibility to attract productions of all kinds.
The bill would also extend the program's sunset date from December 31, 2029, to December 31, 2035 -providing longer-term certainty for the industry and helping Missouri remain competitive for future film and television investments.
During a hearing before the Senate Economic and Worforce Development Committee, film producer Cole Payne told lawmakers that thanks to this incentive, he was able to stay in his home state to make movies.
"I've brought six productions to Missouri and spent millions of dollars here," Payne said. "This incentive also equalizes the state, not just one area. I've shot films in Branson, Westphalia, Folk, High Point and California. Thanks to this tax credit, apprentice training programs are being done here, and I've hired people directly out of those programs to work on my productions."
Missouri Chamber Director of Government Affairs Chance Hepola said the Missouri Chamber was proud to support the creation of the Motion Media Production Tax Credit program in 2023 and is even more proud of the impact it's delivering.
According to the Missouri Film Office and the Department of Economic Development's Business Opportunities Division, 54 productions qualified for the program in 2025, investing $40.7 million in Missouri's economy. This money supported hundreds of Missouri vendors and small businesses that served the productions. The projects also employed 2,154 Missouri residents in cast and crew positions.
"Filmmakers and producers are looking for new opportunities outside of traditional hubs like Hollywood, so we understand Missouri is on the cusp of something great with this opportunity," Hepola said.
Similar legislation has been filed in the House with HB 2058, sponsored by Rep. Jeff Vernetti (R- Camdenton), and HB 2142, sponsored by Rep. Colin Wellenkamp (R- St. Charles).
For more information, contact Hepola at chepola@mochamber.com or call (573) 634-3511.
Topics:
Chamber & Capitol News | Missouri Chamber of Commerce Economic Development
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Original text here: https://mochamber.com/news-archive/bill-aims-to-boost-missouris-film-and-tv-industry/
