WASHINGTON (1/6/15)--When new and returning members of the 114th Congress arrive in Washington, D.C., today for swearing in, the Credit Union National Association and many state credit union leagues will be there to welcome them. The 114th Congress features 13 new senators and 58 new representatives.
Credit union leagues representing Alabama, Arizona, Arkansas, California, Colorado, Delaware, Florida, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina, Texas and Wyoming will be here to for the swearing-in ceremonies of legislators from their respective states.
CUNA staff will be meeting with several legislators today and throughout the week, likely including Rep. Pete Aguilar (D-Calif.), a former credit union vice president, and Rep. Denny Heck (D-Wash.). Aguilar was supported by CUNA and the California Credit Union League from his first primary in June through November's general election.
Aguilar is one of the newest members of what CUNA President/CEO Jim Nussle called "a credit union-friendly majority" in both houses of Congress for the next two years.
The 113th Congress ended on a positive note for credit unions, with the passage of the Credit Union Share Insurance Fund Parity Act. Ryan Donovan, CUNA's senior vice president of legislative affairs, said that CUNA plans to present an "aggressive" regulatory relief agenda to the incoming Congress.
"We're looking forward to advancing more regulatory relief measures in the next Congress so that we can remove barriers that keep credit unions from serving their members," Donovan told News Now last month.
Donovan added that both chambers are expected to elect leadership this week, and are expected to spend the next several weeks scheduling hearings and potential legislation regarding items such as the Keystone XL Pipeline, immigration, the Affordable Care Act and funding the Department of Homeland Security.
"We're also expecting to see committees organizing over the next few weeks," he said. "We don't have dates and times of the first meetings of the House Financial Services Committee and the Senate Banking Committee just yet, but we expect to know before the end of the month."