Veteran lobbyist says working groups include two on credit union radar and that credit unions not stated target, so far.
These three articles offer an in-depth look at the beginning of the new year for Congress and credit unions.
According to industry veteran John McKechnie, who was working on Capitol Hill back in 1986, the last time credit union tax exemption was on the Congressional chopping block, a “volatile” environment on Capitol Hill means credit unions should be vigilant when it comes to protecting their tax-exempt status in 2013.
Tax expenditures are receiving a lot of scrutiny as Congress looks for ways to increase revenues and cut the deficit.
After seeing little to no progress on credit union legislation during the first 11 months of 2012, two regulatory relief bills advanced within 24 hours of each other, with one passing both chambers and awaiting President Obama’s signature.
Report filled with bankers' talking points, ignores bank tax breaks.
Credit unions left out on Interest on Lawyers Trust Accounts and member business lending in Transaction Account Guarantee bill.
Hope held out for packaging Transactional Account Guarantee extension with member business lending cap hike.
Credit union member business lending made a to-do list published Nov. 5 by the National Journal that originated from Senate Majority Leader Harry Reid’s (D-Nev.) office.
Credit union lobbyists agree that the way Congress approaches the post-election lame duck session will largely depend upon Tuesday’s outcomes.