CUNA wrote to U.S. House leadership Wednesday, urging the legislative body to pass the Financial Services and General Government (FSGG) Act of 2017 (H.R. 5485). The House will likely begin considering amendments Wednesday evening, with the bill likely to be voted on this week.
“This legislation appropriately funds programs that help credit unions better serve their members, like the Community Development Revolving Loan Fund and the Community Development Financial Institution Fund, and includes provisions that will help address the extraordinary regulatory burden that impedes credit union service to their members,” wrote CUNA President/CEO Jim Nussle to Speaker of the House Paul Ryan (R-Wis.) and House Minority Leader Nancy Pelosi (D-Calif.).
In the letter, Nussle urged swift passage of the legislation due to its: