Photos Day Three: Onsite at GAC
WASHINGTON – Speakers who represented influential members of Congress for credit unions closed out the final day of CUNA's Governmental Affairs Conference here Wednesday morning. Most speakers were either sponsors of credit union legislation or leaders of financial committees.
Rep. Shelley Moore Capito (R-W.V.) is chairwoman of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit. She could gain even more clout on Capitol Hill later this year if she is successful in her run for the U.S. Senate, attempting to fill the seat left vacant by longtime Sen. Jay Rockefeller, who announced his retirement in late 2012.
Sen. Mark Udall (D-Colo.) has sponsored legislation to raise the member business lending cap for a few years, without success. However, he told his GAC audience Wednesday morning he will not give up on passing the bill.
Udall also said credit union executives and volunteers should be proud of their business model, because it's an important contributor to local economic strength.
Rep. Bruce Braley (D-Iowa) said he's proud to stand with credit unions.
"The four most terrifying words in Washington are where do you stand?" he told his Wednesday morning GAC audience.
Rep. Derek Kilmer (D-Wash.) said he's seen first hand how credit unions provide capital to small businesses.
Two years ago, the congressman was working with a local manufacturing business that needed additional capital to expand.
Longtime credit union supporter Rep. Brad Sherman (D-Calif.) has sponsored and co-signed several credit union bills over the years; most notably, he has spearheaded efforts on Capitol Hill to allow credit unions to invest in supplement capital.