WASHINGTON -- The Credit Union Regulatory Improvements Act (H.R. 1537) recently gained three more co-sponsors bringing the total to 107.
Edolphus Towns (D-N.Y.), Kenny Marchant (R-Texas), and Sander Levin (D-Mich.) have signed up to co-sponsor the bill; all three had been co-sponsors in the previous Congress. The bill has a total of 107 legislative co-sponsors, including primary sponsor Congressman Paul Kanjorski (D-Pa.).
CURIA has continued to gain steam over the 110th Congress and lobbyists are hoping for a hearing sometime this session. The bill would provide credit unions expanded business lending powers, permit all federal credit unions to adopt underserved areas, create a risk-based capital system comparable to the banks', and increase voter participation requirements in mutual savings bank conversions.