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April 27, 2017
Congress primed to pass spending bill by tonight
House Appropriations Chairman Rodney Frelinghuysen, R-N.J., introduced a one-week federal spending bill that would prevent a government shutdown from occurring at midnight tonight. Senate Majority Leader Mitch McConnell, R-Ky., said Thursday that the Senate will also pass the bill.
The short-term spending bill would fund the government through May 5. The Hill newspaper reported that top Republican appropriators in both chambers of Congress say lawmakers continue to work on an agreement to fully fund the government through September, but need a little more time to finalize the details.
NAFCU is following developments regarding a federal spending bill for any discussion of the Community Development Financial Institutions Fund program, which President Donald Trump proposed eliminating in his draft budget released in March; and for regulatory relief-related legislation being wrapped into any future spending bill.
NAFCU will keep its members apprised of any actions taken by Congress that will have an impact on the credit union industry. A government shutdown would impact many credit unions that have facilities in federal government buildings and on military installations. Also, millions of credit union members are also paid by the federal government, either as agency workers, under contract or as members of the military.
The short-term spending bill would fund the government through May 5. The Hill newspaper reported that top Republican appropriators in both chambers of Congress say lawmakers continue to work on an agreement to fully fund the government through September, but need a little more time to finalize the details.
NAFCU is following developments regarding a federal spending bill for any discussion of the Community Development Financial Institutions Fund program, which President Donald Trump proposed eliminating in his draft budget released in March; and for regulatory relief-related legislation being wrapped into any future spending bill.
NAFCU will keep its members apprised of any actions taken by Congress that will have an impact on the credit union industry. A government shutdown would impact many credit unions that have facilities in federal government buildings and on military installations. Also, millions of credit union members are also paid by the federal government, either as agency workers, under contract or as members of the military.
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