WASHINGTON (2/14/14)--House Financial Services Committee Vice Chairman Gary Miller (R-Calif.) has announced he will not seek re-election this year.
Miller is a 15-year House veteran who currently represents the state's 31st Congressional District. That district is located in the greater Los Angeles area.
A frequent credit union supporter, Miller last summer introduced the Regulatory Relief for Credit Unions Act of 2013 (H.R. 2572). That bill would enhance some National Credit Union Administration authorities, improve capital standards for credit unions, and require regulators to perform a cost-benefit analysis of rules, past and present.
When the bill was introduced, the Credit Union National Association and credit unions thanked Miller for acting on their great need for regulatory relief so fewer resources are diverted from their true business of serving their members. Miller included CUNA in the development of his legislation.
Miller also supported 2011 legislation that would have delayed Dodd-Frank interchange provisions and required regulators to study the impact of interchange rule changes.