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Home » House, Senate overturn Trump veto of NDAA
Policy & Issues

House, Senate overturn Trump veto of NDAA

January 5, 2021
Cap1

Both chambers of Congress voted to override President Donald Trump’s veto of the fiscal year 2021 National Defense Authorization Act (NDAA).

The House voted 322-87 on Dec. 28 and the Senate voted 81-13 on Jan. 1, with both chambers securing the necessary two-thirds majority to override Trump’s veto.

The bill contains CUNA-supported language to:

  • Eliminate redundancies and unnecessary burdens while creating opportunities for efficiencies within the Bank Secrecy Act/Anti-Money Laundering statutory framework; and
  • A study to review the current thresholds for Currency Transaction and Suspicious Activity reporting.

It does not contain a provision related to leases on military bases CUNA, Leagues and the Defense Credit Union Council fought to exclude that would have expanded an exemption for certain cost waivers for financial institution branches on military installations.

Credit Union Magazine - Spring 2021

Spring 2021

Credit Union Magazine’s Spring 2021 edition features CUNA's 2021 advocacy agenda, strategic planning guidance, and labor market insights.
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Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

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