Breaking News: House Vote on S. 2155 Expected Tuesday, May 22.
S. 2155 is credit unions’ biggest opportunity for federal common sense regulatory relief since Field of Membership legislation passed twenty years ago.
Respected Washington news outlets cite Republican leadership sources in their reports that the House will vote May 22 on the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155).
Credit union advocates are urged to contact their Members of Congress to ask for a “Yes” vote. That can be accomplished in minutes by accessing CUNA’s Take Action link.
With the vote looming large, Valerie Brooks, President/CEO of Caldwell-based Simplot Employees Credit Union, led by example crafting a strong editorial for her local paper.
Brooks doesn’t mince words when she chops up the unintended consequences of over-regulation. She told Congress to “rip the red tape off regulations hurting Main Street Consumers.”
In an Op-Ed published last week by the Idaho Press Tribune, Brooks advocated strongly for S.2155. “Regulation appropriately intended to stop the bad behaviors of Wall St. banks is handcuffing local credit unions—limiting their ability to make home and small business loans, report fraud against seniors, and more,” Brooks wrote.
She pointed out that S. 2155—introduced by Idaho Sen. Mike Crapo—passed the Senate with the support of both Republicans and Democrats, “because it makes sense for Main Street.”
Editor’s note: A delegation of Northwest advocates will accompany Your Association’s advocacy team to Washington, D.C. next week for the Spring Hike the Hill. Stay close to your Advocacy Blog for up-to-the-minute reports.