WASHINGTON-The Veterans Affairs, Housing and Urban Development, and Independent Agencies Appropriations bill could be passed outside of an omnibus appropriations bill expected for this year. According to NAFCU Director of Legislative and Political Affairs Brad Thaler, “The Senate has a possibility that they could take up their version of the VA-HUD appropriations bill and try to move that forward.” The VA-HUD bill includes funding for Treasury’s Community Development Financial Institutions Fund and NCUA’s Central Liquidity Facility borrowing authority and the budget for the Community Development Revolving Loan Fund. The House has already approved their version of the bill. While both bills include a $1.5 billion cap on the CLF, the numbers vary on the CDFI and CDRLF. If the Senate does not pass the bill soon, it is likely to be wrapped up in an omnibus appropriations bill at the end of the session. “They’re trying to complete as many individual appropriations bills as possible, but as I said, I think everyone recognizes that there will be several at least rolled into one overall bill that they pass before they adjourn for the year,” Thaler concluded. Congress is scheduled to adjourn Nov. 7, but many inside the Beltway believe the session could go on until Thanksgiving.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.