Aside from CURIA co-sponsors here is a look at some important election results for credit unions. Note that just because a member of Congress won, doesn't mean that's good news for credit unions. Won * Senator Chuck Grassley (R-Iowa), key leader in bankruptcy reform. * House Financial Services Committee Chairman Mike Oxley (R-Ohio). * House Financial Institutions and Consumer Credit Subcommittee Chairman Spencer Bachus (R-Ala.), also Judiciary committee member. * House Small Business Committee Chairman and Financial Services Committee Member Donald Manzullo (R-Ill.). * Representative Shelley Moore Capito (R-W.V.), authored Financial Services Regulatory Relief Act (H.R. 1375). * House Financial Services Committee Ranking Member Barney Frank (D-Mass.). * Senate Banking and Judiciary Committee Member Charles Schumer (D-N.Y.). His abortion amendment continues to stall bankruptcy reform. * House Ways and Means Committee Chairman Bill Thomas (R-Calif.) was uncontested in his re-election bid. He has raised the idea of tax hearing for non-profits. * Senate Banking Committee Chairman Richard Shelby (R-Ala.). Shelby came out early in favor of CU tax exemption. * Senate Banking Committee Member Mike Crapo (R-Idaho). Crapo is drafting financial services regulatory relief legislation in Senate. * House Judiciary Committee Chairman Jim Sensenbrenner (R-Wis.), a leader for bankruptcy reform. Lost * Senate Minority Leader Tom Daschle (D-S.D.) lost to former Congressman John Thune (R). Daschle was one of the more prominent Democratic bankruptcy reform supporters. * Representative Max Burns (R-Ga.), a longtime credit union member and supporter, lost to Athens-Clark County Commissioner John Barrow (D) * Long-time credit union ally Congressman Phil Crane (R-Ill.) lost to Businesswoman Melissa Bean (D).

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

  • 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.
NOT FOR REPRINT

© 2024 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.