With the Washington State Legislature scheduled to complete its regular session Thursday, six policy bills of interest to credit unions are still on the table.
Northwest Credit Union Association-backed bills on credit freezes, foreclosure, and mortgage fraud are progressing in the Washington legislature. Expect to see a flurry of activity in the final three weeks of the session.
As Wednesday’s house of origin deadline approaches, most bills being tracked by the Northwest Credit Union Association remain in committee—but a pair of key bills are moving toward passage.
The bill’s signing marks a successful legislative season for Northwest credit unions and makes a number of strategic enhancements to the Oregon Credit Union Act.
Prize-linked savings bill signed into law as the update to the Oregon Credit Union Act moves to the House floor for a final vote.
If the bill passes the Senate, it will be sent to Governor Kate Brown to be signed into law.
Federal Legislative Update: Regulatory Relief Bills Move Through the House, Senate Action Should Follow Shortly
Regulatory relief and data security are getting attention in Congress. Credit unions also focused on tax reform and charter updates. Two Northwest Members of Congress add their names as co-sponsors of credit unions’ MBL bill.
Credit union bills are headed to the governor as the legislative session comes to an end. A special session may be necessary to pass a budget.
Companion bills addressing credit union corporate governance and investments continue to move forward.
The Washington State Legislature is just past the midway point of its 105-day session. A flurry of activity in the last week impacts some legislation of interest to credit unions.
Priority bills addressing credit unions’ corporate governance and investments passed the Washington State House and Senate.
Both NWCUA-sponsored bills to amend the Washington Credit Union Act are up for hearings this week.
With the final deadline for considering bills from the opposite house now behind them, lawmakers will focus during this final week of the legislative session on initiatives, budgets and matters related to implementing budgets. They’ll also work on negotiating differences between bills passed by the House or Senate.
Bills that aren’t considered in their house of origin by Feb. 18 will not advance in this year’s 60-day Washington legislative session.
Bills that fail to clear committees today and those that aren’t considered in their house of origin by Feb. 18 will not advance in this year’s 60-day Washington legislative session. But HB 2140, the NWCUA-sponsored credit union merger bill, has already been unanimously approved by the House.
As Washington’s politically divided Legislature enters the third week of its 60-day session, the Northwest Credit Union Association is keeping a close watch on bills of interest to its members. Here’s what’s currently on the NWCUA’s radar.
A bill that would amend the Gramm-Leach-Bliley Act by eliminating costly and repetitive privacy notice mailing requirements passed the House of Representatives Tuesday, marking another step toward lessening the compliance burden.
Companion bills in the Washington State Legislature sponsored by the NWCUA have each been scheduled for committee hearings on March 14 after both passed out of their house of origin by unanimous votes in advance of tomorrow’s deadline.