White House Confirms, IRS Proposal Omitted from Framework
FOR IMMEDIATE RELEASE
October 28, 2021
Credit Union National Association (CUNA) President/CEO Jim Nussle issued the following statement after the White House confirmed that the Internal Revenue Service (IRS) reporting proposal has been dropped from the latest reconciliation framework:
“We’re extremely pleased to see the White House has heard the hundreds of thousands of credit union advocates who expressed strong opposition to this anti-consumer proposal,” said CUNA President/CEO Jim Nussle.
“There is still a chance it could be inserted into the legislation as it moves forward, but at the moment we’re confident that bold, fierce 360-degree advocacy from CUNA, Leagues, credit unions, and their members has kept this proposal out of the initial framework.”
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 120 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.