Measure to be addressed Thursday would create parity with banks in handling lawyer trust accounts.
NAFCU's caucus speakers on Wednesday included a call to credit unions to do their own lobbying and not just rely on the trades.
Measure similar to proposed legislation in House, would raise cap to 27.5% of assets.
Tax reform debate began in earnest for credit unions April 11, when representatives from CUNA and NAFCU were called to Capitol Hill to plead their case for preserving the industry’s tax exemption before a House Ways and Means Committee working group.
ABA, ICBA in town for conferences that have taxing credit unions high on the agenda.
Surrounding the chocolates, roses and love-filled greeting cards that made the rounds in Washington on Valentine’s Day, was an announcement from Rep. Ed Royce (R-Calif.) re-introducing a bill that would increase the member business lending cap from 12.25% of assets to 27.5%.
Participation loans also seen as way to boost business as member business lending cap hike reintroduced again in Congress.
California Republican Ed Royce and co-sponsoring Democrat Carolyn McCarthy of New York bring MBL cap-raising bill back for 2013 session.
Sen. Mark Udall (D-Colo.), primary sponsor of S.2231, which would increase the member business lending cap to 27.5% of assets, received loud cheers as he spoke in favor of the legislation to about 500 gathered in Washington Nov. 27 to hike the hill in favor of the bill.
Texas Republican called CFPB, Dodd-Frank "legislative drive-by shooting" at NAFCU Congressional Caucus earlier this year.