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Home » Houses passes first set of appropriations bills with CU-supported funds
Policy & Issues

Houses passes first set of appropriations bills with CU-supported funds

July 24, 2020
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The House passed a “minibus” appropriations bill Friday, legislation containing funding for the several government agencies. The bill is the first piece of government funding legislation to pass through a chamber of Congress this year with federal funding scheduled to expire Sept. 30. 

H.R. 7608 passed with a 224-189 vote, and contains appropriations for state, foreign operations, agriculture, rural development, interior, environment, military construction and veterans’ affairs. 

This bill also includes $17 million for the CUNA-supported Cooperative Development Program, which funds initiatives run by the World Council around the globe.

CUNA is engaged with Congress on the consideration of the Financial Services and General Government (FSGG) appropriations bills in both chambers, as that legislation contains appropriations for funds such as the Treasury’s Community Development Financial Institutions (CDFI) Fund and NCUA’s Community Development Revolving Loan Fund (CDRLF).

The House FSGG bill passed committee July 15 with the CDFI Fund set at $273.5 million and the CDRLF at $2 million.

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