Sept. 6, 2012 – Sen. Rand Paul, R-Ky., and Rep. Scott Garrett, R-N.J., are the latest lawmakers to join an impressive list of speakers for NAFCU’s 2012 Congressional Caucus, which takes place next week in Washington.
Paul made news when he spoke at last year’s Caucus by announcing his support for legislation raising credit unions’ member business lending from the current 12.25 percent of assets to 27.5 percent if certain requirements are met. Paul made the declaration in response to a question from a Caucus attendee. True to his word, Paul officially signed on to the legislation a few weeks later.
Garrett, who has also participated in NAFCU’s Caucus in the past, is a key member of the House Financial Services Committee and currently chairs the Capital Markets and Government Sponsored Enterprises Subcommittee with jurisdiction over Fannie Mae and Freddie Mac. In addition, Garrett serves on the House Budget Committee.
NAFCU is reminding members that this year’s Caucus is happening not only in a presidential election year but just a week before Congress breaks for recess. With so many issues occupying lawmakers’ time and attention, Caucus is an important way for credit unions to ensure their voices are heard about the issues that matter most.
The NAFCU Congressional Caucus, headquartered at the Mayflower Renaissance Hotel, runs Sept. 11-14. The event is open to members and non-members.