The House version of member business lending cap legislationpicked up two new cosponsors this week, growing that list to 130lawmakers.
Rep. Mazie Hirono (D-Hawaii) and Lucille Roybal-Allard (D-Calif.)signed on this week to H.R.1418, which like S. 2231 in the Senate, would raise the creditunion MBL cap from 12.25% of assets to 27.5% for credit unionsmeeting safety-and-soundness requirements.
Brad Thaler, NAFCU's vice president oflegislative affairs, said much of the industry's lobbying effortshave been concentrated in the upper house since Senate MajorityLeader Harry Reid announced S. 2231 will go to a vote in March.
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