September 23, 2020

House passes deal to avert gov't shutdown

Capitol domeAfter House Democrats' short-term funding proposal released earlier this week received pushback, Speaker of the House Nancy Pelosi, D-Calif., and Treasury Secretary Steven Mnuchin – who's leading the administration's funding negotiations – continued negotiations and reached a bipartisan deal Tuesday evening to fund the government through Dec. 11. The House passed the measure last night; the Senate is expected to approve it later this week.

The package cleared by the House on a 359-57-1 vote includes an administration-sought provision to provide assistance to farmers – with some stipulations about how it can be used – that was originally left out of the proposal, as well as $8 billion for pandemic-related nutrition assistance. It also extends the National Flood Insurance Program (NFIP) through Sept. 30, 2021.

The measure must be passed by the Senate and signed by the president before midnight Sept. 30 to avert a federal government shutdown.

NAFCU will continue to monitor funding discussions and advocate for full funding for credit union priorities.