Washington Legislative Update: Special Session Begins

A special session of the Washington State Legislature called by Governor Inslee began on April 29. The top priority for the special session is the operating budget, including an education funding plan that addresses the McCleary decision.

Legislators remain divided over taxes, spending and education finance reform. 

Currently, only budget negotiators are working in Olympia. The rest of the legislators are back in their districts, waiting to be called to Olympia once there are bills ready to be voted on.

Credit Union Bills

Two credit union priority bills already passed the legislature and were signed into law by Governor Inslee, including NWCUA-sponsored Senate Bill 5757 addressing credit unions’ corporate governance and investments, as well as Senate Bill 5300 updating the DFI’s regulatory enforcement powers regarding credit unions. Both bills take effect on July 26, 2015.

As the special session continues, Association staff will focus on remaining legislative priorities: protecting the credit union tax exemption, protecting credit unions from new and burdensome regulation, and protecting the DFI’s reserves.

Questions about this story? Contact James Pearson: 206.340.4790, jpearson@nwcua.org.

Posted in Advocacy News.