FOR IMMEDIATE RELEASE
May 12, 2020
Credit Union National Association (CUNA) Chief Advocacy Officer Ryan Donovan released the following statement after Speaker of the House of Representatives Nancy Pelosi unveiled the Democratic majority’s next phase COVID-19 policy proposal—titled the HEROES Act—on Tuesday.
“This draft legislation makes it clear that there is a lot more work for Congress to do to ensure that as the economy reopens, consumers and small businesses have what they need to recover. The good news is that this is the first step, not the last word.
There are a number of provisions that will help in the recovery, like the $1 billion appropriations for the Community Development Financial Institution Fund. However, those provisions are offset by ones that are steps backwards, not to mention the beneficial policy proposals left on the table robbing small businesses of critical access to credit. We look forward to working with Congress to enact a bill that will do what needs to be done to help consumers, small business and the economy recover.”
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 115 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.