WASHINGTON — Entering its fifth year of gestation, the Credit Union Regulatory Improvements Act (H.R. 1537) is closer than ever to becoming reality.

CURIA 2007 has reached 138 co-sponsors in addition to primary co-sponsor House Capital Markets Chairman Paul Kanjorski (D-Pa.), representing nearly one-third of the House, CUNA Senior Vice President of Legislative Affairs John Magill said. Not only are there a lot of sponsors but many are subcommittee chairs or other higher ranking members. A hearing had been promised for this session of Congress but as they recessed at the end of last week, chances were decreasing but in the crazy business at the end of an extended congressional session, lobbyists said anything could happen.

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