WASHINGTON—With Congress in recess, the credit union trade groups are focused on reaching representatives while they are at home, while not expecting new attention on gun legislation to delay priorities when Congress returns.
NAFCU’s Brad Thaler told CUToday.info that when Congress does return potential new legislation or hearings related to guns, such as expanded background checks or bans on assault rifles, could require time on Congress’ agenda, but he does not expect those discussions to dominate discussions or derail legislation currently before the institution.
Meanwhile, Stephen Fitzmaurice, CUNA’s director of public affairs, said, “While things are more behind the scenes than in front, we are continuing to work with the leagues and our credit union members to engage with members of Congress as they are home for recess,” explained Stephen Fitzmaurice, CUNA director of public affairs. “We are working not only to underscore the credit union difference but are engaging with lawmakers on our three big priorities for the summer.”
Three Primary Areas of Focus
Fitzmaurice said those main areas are the National Defense Authorization Act (NDAA), cannabis banking and creating a national cybersecurity platform.
“Our credit unions and leagues will be engaging with lawmakers around these things in August and CUNA will engage with Congress face-to-face on these issues once they return from recess,” Fitzmaurice added.
NAFCU said it is reviewing the House and Senate's selection of conferees who will reconcile the fiscal year 2020 NDAA.
“The Senate-passed version included a NAFCU-opposed provision that would treat big banks the same as a military installation's local, not-for-profit credit union; NAFCU efforts kept this provision out of the House bill. The association's advocacy team is sharing credit unions' concerns about this potential change and will work to ensure it is not included in the final version of the bill,” NAFCU said.
NAFCU said it also continues to gather support for legislation that would give the NCUA greater flexibility in setting loan maturity limits under the Federal Credit Union Act, and another bill that would exclude veterans' loans from credit unions' member business lending cap.