A bevy of bills were voted on this week, including the Prize-Linked Savings Accounts and Foreclosure bills.
It was another busy week in Washington, D.C. We continue to see action and movement on two of our key issues at the federal level.
Activity on Legislation afftecting Washington State credit unions.
The latest news about NWCUA efforts int eh Washington State Legislature
The latest news about NWCUA efforts in Washington D.C.
The Northwest Credit Union Association’s Prize Linked Saving bill on Wednesday passed a Senate floor vote 46-2. The legislation will now move to the House State Government & Tribal Affairs Committee, a body that has already heard and passed a companion measure to the legislation
Senator Mark Udall (D-CO) has introduced the Small Business Lending Enhancement Act, which would raise the credit union member business lending cap to 27.5% of assets. This could provide up to $13 billion to small businesses in the first year alone and create over 140,000 new jobs at no cost to taxpayers.
Congressman Rick Larsen (D-WA) agreed to co-sponsor H.R. 1081, the Consumers Payment System Protection Act, which would delay implementation of the proposed interchange rule for one year while the impact is studied.