Ill. league joins banking orgs to push for S. 2155 support

May 18, 2018

The Illinois Credit Union League and its state baking counterparts wrote to the entire Illinois congressional delegation Thursday to urge them to support S. 2155 when it comes on the House floor. The House Rules Committee will meet on the bill Monday, setting up a likely vote in the following days.

“S. 2155 is a carefully crafted bipartisan bill that includes commonsense improvements to the nation's financial rules that will allow community banks and credit unions to better serve their customers and communities,” the letters read. “It will open doors for more creditworthy borrowers and businesses, and it will contribute to local economic growth and job creation nationwide. Banking Committee Chairman Crapo and Senators Tester, Heitkamp, Donnelly and Warner and others have worked diligently in crafting this bipartisan legislation that ultimately resulted in S. 2155 passing the Senate with 67 votes on March 14, 2018. We urge you to assist them in securing its final passage.”

The groups also highlight the bill’s benefits for small businesses, consumers, and community-based financial institutions in Illinois.

Illinois Credit Union League President/CEO Tom Kane was joined on the letters by Illinois Bankers Association President/CEO Linda Koch, Illinois League of Financial Institutions President/CEO Eric Bloxdorf and Community Bankers Association of Illinois President/CEO Kraig Lounsberry.

Credit union leagues in West VirginiaPennsylvaniaWisconsinGeorgiaWashington, Oregon, IdahoMichiganIndianaConnecticut, Maine, Vermont, New Hampshire, Delaware and Massachusetts have also joined with their state banking organizations to urge their members of Congress to support S. 2155.