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House-Senate Defense Conferees Will Have to Resolve Dispute Over Free Rent

The Association of Military Banks of America has been pushing for the benefit, saying that providing banks with free rent would simply level the playing field.

U.S. Capitol building The U.S. Capitol building. (Photo: Shutterstock)

The House passed its version of the annual defense authorization legislation last week and the measure now goes to a conference committee, where the issue of whether banks and credit unions should receive free benefits on military bases is a tiny one, but extremely important to the institutions involved.

The House version of the massive defense bill does not include a provision that would provide banks with the same free rent benefit that credit unions now receive.

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David Baumann

 

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