Donovan: NCUA out of approps a win for 360-degree advocacy
CUNA Chief Advocacy Ryan Donovan called last week’s successful amendment keeping NCUA out of the appropriations process a great example of what’s possible with 360-degree advocacy in an interview with CUBroadcast Tuesday. Donovan, being interviewed from Madison, Wis., talked about how CUNA, leagues, credit unions and members made their voices heard during the process, as well as what comes next.
“This means we won’t be fighting a battle in the appropriations committee every year trying to make sure NCUA is funded at appropriate levels or trying to beat back banker attacks to dictate what goes on at NCUA,” Donovan said. “We want to make sure NCUA is an independent regulator that is doing well by credit unions, that it’s protecting the share insurance fund and more importantly, that the folks sending resources to fund the agency have a say in how those resources are being used.”
The original appropriations bill (H.R. 3354), contained a section that would have placed NCUA under the appropriations process, but an amendment offered by Reps. Mark Amodei (R-Nev.) and Pete Aguilar (D-Calif.) was successfully added by voice vote the day before.
Other topics Donovan covers in the interview include:
- The difference between placing the Consumer Financial Protection Bureau under the appropriations process, which CUNA supports, and placing NCUA under appropriations;
- How the bill’s passage affects the credit union industry, particularly heading into evolving discussions on tax reform and other legislative priorities;
- What the passage of the bill without the Amodei-Aguilar amendment would have meant; and
- Other items of interest to credit unions in the bill, including regulatory relief provisions related to the CFPB and mortgage lending, and funding for Community Development Financial Institutions.