WASHINGTON --After months of political wrangling, the House isscheduled to vote Tuesday on a measure that would give creditunions some of the regulatory relief they have been seeking.

The Credit Union Bank and Thrift Regulatory Relief Act (H.R.6318) also grandfathers in existing designations of underservedareas and allows federal credit unions to apply to serveunderserved areas outside their field of service. Loans in thosecommunities and to religious non-profit institutions would notcount against their Member Business Loan cap.

The bill is being considered on an expedited schedule and beingplaced on the Suspension Calendar, which means it could pass byvoice vote. If a recorded vote is taken, it must pass by atwo-thirds vote in the 435-member chamber. The measure's fate inthe Senate is unclear.

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