Federal Legislative Week in Review

Interchange. Great news: Another Northwest delegation member has co-sponsored the House Interchange bill, H.R. 1081. Congressman Peter DeFazio (D-OR) from the 4th Congressional District has added his support. Thank you for your grassroots outreach—no doubt these efforts impacted his decision. Please help us thank Congressman DeFazio for his leadership and support by emailing him, either through the Grassroots Action Center or through the Congressman’s website: https://forms.house.gov/defazio/IMA/contact.html.

Nationally, credit unions have generated more than 85,000 grassroots contacts on interchange over the past three weeks. While this is significant, additional grassroots efforts are being rolled out to advance this issue even further. Tomorrow, April 13 at 12:00 p.m. PST, CUNA CEO Bill Cheney will host a national conference call to outline the latest legislative and political developments as well as ways to activate credit unions’ membership. The call should take no more than 30 minutes and will not include Q&A. There is no charge to participate. You will need to register in advance by clicking here or going to www.cuna.org. You can find additional resources to help you involve your members on NWCUA’s website at http://nwcua.org/index.php/Advocacy/LegislativeAffairs/CallOnCongress/.

In other news from Capitol Hill. We are excited to report that a Member Business Lending bill was introduced in the House last week by Congressman Ed Royce (R-CA) and Congressman Carolyn McCarthy (D-NY). H.R. 1418, the Small Business Lending Enhancement Act, is the companion to S. 509, Senator Mark Udall’s (D-CO) Member Business Lending Bill.

Since the interchange issue is the most critical to credit unions right now and we want to keep all attention focused on the interchange bills, a Call to Action has not been released on H.R. 1418. We will work behind the scenes with our federal delegation to let them know of this bill’s introduction and ask for their consideration. We will let you know when a decision is made to focus our grassroots efforts on the MBL House bill.

Congress is in session this week, but many hearings were cancelled due to the threat of a government shutdown. It appears the majority of this week will be focused on finalizing the rest of the budget deal and making good on promises made during the budget negotiations.

Questions about the interchange issue? Contact a member of the Association’s Legislative Affairs team:

Jennifer Wagner, Director of Legislative Advocacy
Mark Minickiello, Vice President, Legislative Affairs
Stacy Augustine, Senior Vice President & General Counsel

Posted in Advocacy News, Federal, Industry Insight.