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NAFCU reiterates priorities as House leadership positions confirmed
NAFCU President and CEO Dan Berger sent House and Senate leaders the association’s 2023 priorities, reiterating the impact credit unions have on local communities, consumers, and small businesses. The letter follows House confirmation of Rep. Kevin McCarthy, R-Calif., as speaker and the selection of Rep. Jason Smith, R-Mo., as chair of the Ways and Means Committee yesterday by the Republican Steering Committee after a contested race.
Both McCarthy and Smith are credit union champions, supporting several industry priorities and NAFCU-sought legislation in the past; Berger congratulated McCarthy on his election and said the association looks forward to “ensur[ing] credit unions continue to have a seat at the table in Washington so in turn they can grow and thrive.”
The Ways and Means Committee has jurisdiction over tax and trade issues, and Smith has indicated his priorities will be IRS oversight and extending provisions of the 2017 Tax Cuts and Jobs Act, which preserved the credit union tax exemption. Berger and NAFCU’s advocacy team met with Smith last year to discuss credit union priorities.
In his letter to congressional leadership, Berger outlined the five tenets guiding NAFCU’s advocacy – growth, technology and innovation, regulatory relief, fair market, and data protection – and legislative ways to achieve them.
NAFCU will continue to build relationships with members on both sides of the aisle to keep credit union priorities top of mind. Stay tuned to NAFCU Today for the latest out of Washington.