WASHINGTON — Time is ticking away before Congress' Thanksgiving recess, but another co-sponsor has been added to the Credit Union Regulatory Improvements Act (H.R. 1537) in time.
Representative Shelley Berkley (D-Nev.), who co-sponsored the bill during the 109th Congress, signed onto the bill again as the 137th co-sponsor. Including primary sponsor Paul Kanjorski (D-Pa.), Berkley makes 138 members of Congress officially behind CURIA.
CURIA would expand credit union business lending opportunities, establish a risk-based capital framework, and allow all federal credit union charter types to adopt underserved areas. A hearing had been discussed on CURIA-related issues this year before the full House Financial Services Committee, but it is not expected to meet on legislation prior to the two-week recess that was scheduled to begin last weekend. The leadership has said the House will likely meet for two weeks in December and then go back out for Christmas until January.
Recommended For You
In related news, the Senate has asked interested parties–including NCUA, CUNA, and NAFCU–to submit their regulatory relief priorities in preparation for what may become overall financial services regulatory relief legislation.
© 2025 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.
