The House Rules Committee announced it will meet on the Economic Growth, Regulatory Relief and Consumer Protect Act (S. 2155) Monday at 5 p.m. (ET), paving the way for the House to vote on the bill next week. CUNA strongly supports the bill, which contains several regulatory relief provisions for credit unions and is urging stakeholders to contact their members of Congress to support the bill.
“We thank House leadership for taking the necessary steps to get this bill on the floor for a vote, and we hope members from both sides of the aisle will support this much-needed update to the Dodd-Frank Act to benefit credit unions and the members they serve,” said CUNA President/CEO Jim Nussle. “For our leagues, credit unions and members, this is it. We have a few days left to make sure members of Congress know how important this bill is for the communities they serve, and the more that vote in favor of this bill, the better the prospect of additional regulatory relief later this year.”
S. 2155 was passed by the Senate in March with a 67-31 bipartisan vote. House leadership indicated last week it would take up the bill, and numerous reports this week stated the House could vote as early as Tuesday, May 22.
During its meeting on Monday, the House Rules Committee will decide for how long and under what rules the full House will consider the bill.