CUNA wrote to House leadership Friday morning with feedback on the HEROES Act of 2020, the latest proposed phase of COVID-19 relief legislation. The bill was introduced earlier this week, and a vote is expected as early as Friday afternoon.
“As we hopefully enter a new phase in this crisis, it is important that all who are helping the economy recover have the tools they need to do that critical job,” the letter reads. “Further, it will be critical that we bring to the table all available resources to help get our communities, their small business, and consumers across the country back on their feet…Credit unions’ interest in the legislation falls into essentially three buckets: provisions that would help credit unions do more for their members, small businesses, and communities; provisions that would make economic recovery more difficult; and suggestions for additional policy changes that would assist credit unions in doing more to solve the problems we face in the coming months and years.”
CUNA supports the following provisions:
CUNA is also concerned with: