Congressional negotiators have dropped a provision from the annual defense authorization bill that would have made it easier for banks to acquire rent-free space on military bases—a benefit already provided to credit unions.
House and Senate conferees announced earlier this week that they had reached agreement on the 3,076-page annual measure that authorizes defense programs.
When the Senate passed its version of the bill, Sen. James Inhofe (R-OK) successfully pushed an amendment that would have made it clear that banks are eligible to receive the same benefits on military bases that credit unions already enjoy.
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