WASHINGTON (5/6/14)--The U.S. House returns today and, as reported by News Now, it will consider several bills under suspension of the rules, including the CFPB Rural Designation Petition and Correction Act(H.R. 2672), the Credit Union Share Fund Insurance Parity Act (H.R. 3468), and the Capital Access for Small Community Financial Institutions Act of 2013 (H.R. 3584).
Use the resource link to read more about these Credit Union National Association-backed bills that will bring regulatory relief to credit unions, if passed.
CUNA sent a letter to all members of the House Monday urging passage of the legislation. Regulatory relief for credit unions is a top CUNA legislative and regulatory priority.
CUNA also has stated its strong support for additional credit union relief bills to be considered Wednesday at the committee level. The House Financial Services Committee is scheduled to vote on a series of bills, including:
The markup could extend over days.
Also important to credit unions, the Senate Judiciary Committee has rescheduled its markup on the Patent Transparency and Improvements Act of 2013 (S. 1720), which was postponed last week. CUNA and credit unions are strong proponents of this bill intended to help credit unions and other businesses fight predatory practices of patent "trolls" who manipulate the patent system for their own gain.
CUNA also is closely monitoring the Housing Finance Reform and Taxpayer Protection and when the Senate Banking Committee reschedules its delayed vote on the bill.
Also on CUNA's radar this week:
Use the first resource link to access CUNA's most recent letters of support for this week's regulatory relief bills.