CCUL Headlines: Political

CCUL Advocacy: Where things stand ahead of congressional recess

Thursday, March 22, 2018   (0 Comments)
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Along with the Easter holiday comes Congress’ two-week recess, during which the momentum of key legislation the Carolinas Credit Union League is supporting are put on pause until Congress returns to session. Here’s a brief rundown on where things stand.

 

At the Federal Level

The U.S. Senate has concluded its work on S. 2155, Economic Growth Regulatory Relief and Consumer Protection Act, passing the bill with a 67-31 vote on March 14. The focus of Congress now shifts to crafting a budget agreement to replace the temporary one that expires Friday, March 23. This action is the only thing standing between legislators returning home to their districts for the recess.

“At this point, we don’t expect the House to pick up S. 2155 immediately upon their return to Washington on April 10,” explained Evelyn Hawthorne, VP of governmental affairs for the League. “Members of the House Republican leadership are reviewing the bill to determine what they may add, forcing a conference process.”

Senators—including S. 2155 co-sponsors Thom Tillis (R-NC) and Tim Scott (R-SC)—are acutely aware of the delicate balance their leaders struck to gain the necessary sixty votes across partisan lines in order to pass this bill. That effort resulted in the inclusion of several additional House measures spearheaded by Rep. Jeb Hensarling (R-TX5). The burden now falls on House Republican leaders, like Chief Deputy Whip Rep. Patrick McHenry (R-NC10), to navigate the path forward for S. 2155 if it is to be enacted during the 115th Congress.

Targeted credit union advocacy activities around S. 2155 are ongoing. To continue to voice your support for S. 2155, Take Action here.

 

In South Carolina

On March 13, the SC Senate passed S. 337, SC Credit Union Act. The League expects the House not take up the bill until their return from recess. Details on the bill hearing will be shared as they become available. Add your name in support of this bill by visiting www.mysccreditunion.com.

In the meantime, CCUL Advocacy looks ahead to hosting its annual Financial Literacy Day in SC on April 17 during Financial Literacy Month. This event welcomes legislative officials, credit union professionals, and local area high school students at the State House for two hours of financial education awareness which includes a Reality of Money simulation. 

 

In North Carolina

CCUL VP of Governmental Affairs Evelyn Hawthorne and PAC/Grassroots Specialist Maggie Ambrose are midway through credit union visits in the Piedmont Triad area, sharing updates on the League’s advocacy initiatives for the year. Also taking advantage of the approaching recess, the League in partnership with Piedmont Advantage Credit Union expects to welcome a dozen legislative officials and 50 credit union professionals for the Credit Unions Legislative Meet & Greet Thursday March 22 in Winston-Salem, NC.

Premiering last year in Raleigh, NC, this “Meet & Greet” event format provides a relaxing and cooperative atmosphere for credit union professionals in the area to learn more about their state lawmakers while in turn, helping lawmakers better understand the issues affecting this industry.

 

Sources:

The Advocate – March 19, 2018 – NC Edition

The Advocate – March 19, 2018 – SC Edition


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