House Democrats set aside seniority today and chose Rep. Sander Levin (D-Mich.) to chair the Ways and Means Committee.
Levin, who chairs the panel's Subcommittee on Trade, has been a friend of credit unions, though he is not a cosponsor of the legislation to raise the cap on member business lending from 12.25% to 25%.
His committee has jurisdiction over tax and health policy, including whether credit unions can keep their tax-exempt status.
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