MBL Bill: Trades Sticking to Plan A
Even after news that a vote on S. 2231 won’t happen as quickly as hoped, credit union trade associations say they aren’t pursuing a Plan B to promote legislation that would raise the member business lending cap to 27.5% of assets.
Passing legislation is a process, not an event, stressed NAFCU President/CEO Fred Becker. Credit unions must remain unrelenting in their support of this legislation, he said, and not give up or walk away.
S. 2231 sponsor Udall said he still believes his bill will come to a vote this year.
“Sen. Reid has promised a vote on this bill, and I’m committed to making that vote happen,” Udall said. “There is a busy Senate calendar this year, as I understand Sen. Schumer–a co-sponsor of the bill–was pointing out, but this will come to the floor for a vote.”