March 25, 2013 – As Congress heads into a two-week recess, NAFCU is urging members to contact lawmakers to help advance key priorities addressed in NAFCU’s five-point plan for broad-based regulatory relief, which could get further examination when lawmakers reconvene.
Last week, House Financial Services Chairman Jeb Hensarling, R-Texas, announced a post-recess schedule that includes Financial Institutions Subcommittee hearings April 10 and 16 on regulatory relief for small community financial institutions. NAFCU lobbyists indicate that they are optimistic that regulatory relief for credit unions will be addressed in these discussions.
“The recess will give credit unions a great opportunity to talk to their elected officials about the need for regulatory relief,” said NAFCU Vice President of Legislative Affairs Brad Thaler.
During lawmakers’ time in home districts, NAFCU is urging members to share their own stories of regulatory burden. Additionally, members are urged to press lawmakers to support several key bills that would help further the objectives of NAFCU’s five-point plan for broad-based regulatory relief. They are:
Credit unions are encouraged to contact their senators and representatives to seek their support for these bills via NAFCU’s grassroots action center.