Measure similar to proposed legislation in House, would raise cap to 27.5% of assets.
CUNA announced Wednesday that House Speaker John Boehner (R-Ohio) will address the 2013 Governmental Affairs Conference in Washington on Feb. 26.
CUNA announced new legislative priorities for 2013 that include four key agenda items: preserving the credit union tax exemption, reducing regulatory burden, engaging in housing finance reform and advancing credit union charter enhancements.
Filibuster reform is behind-the-scenes force, prop in partisan debate, CUNA lobbyists note.
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.
CUANY says its hill hiking also prompted call from New York Sen. Schumer to primary sponsor Sen. Udall of Colorado.
The Tuesday night reception drew lawmakers, credit unions and business owners and kicked off CUNA’s latest Hike the Hill.
Hope held out for packaging Transactional Account Guarantee extension with member business lending cap hike.
Not so fast. After announcing Monday afternoon that a Senate vote was imminent, CUNA now says it’s not so.
CUNA announced Monday it has been told by Capitol contacts that a vote on S. 2231 could come in the next 48 hours.