The Senate has agreed to vote on several House bills that offer regulatory relief for financial institutions, Rep. Jeb Hensarling (R-Texas) said this week, according to Bloomberg. The chair of the House Financial Services Committee earlier said the House would move forward on the CUNA-supported S. 2155, and was open to pathways that involve passage of additional regulatory relief legislation.
“CUNA is always encouraged when regulatory relief is on the minds of Congress, and we’re especially encouraged that Rep. Hensarling has been in contact with the Senate to advance bipartisan legislation that has come from his committee,” said CUNA President/CEO Jim Nussle. “We look forward to continuing our advocacy on behalf of legislation we know will directly benefit credit unions and help them serve their 110 million members even more efficiently than before.”
Hensarling also said his goal is to get as many “pro-growth” measures to President Donald Trump as possible.
As the House moves toward S. 2155 consideration, CUNA has issued several action alerts to stakeholders, urging them to contact their members of Congress to support S. 2155 through CUNA’s Campaign for Common-Sense Regulations website.