NC primaries complete as SC, Federal credit union bills are poised for action
Thursday, May 10, 2018
The South Carolina General Assembly is scheduled to adjourn this week, North Carolina General Assembly convenes next week, and Congress has a full calendar leading up to Memorial Day. Here's what's going on and how to get involved.
Indications from House leadership are that the Senate-passed bill S. 2155, Economic Growth, Regulatory Relief, and Consumer Protection Act, will be heard by the House before Memorial Day. This common-sense legislation would protect seniors from financial abuse, make mortgage processing easier and quicker, increase affordable rental housing options, and help credit unions provide better service to their members.
Participation from all credit union supporters is vital in getting this important legislation passed. Please use the League Grassroots Action Center to contact your U.S. Representative.
North Carolina primary elections were held Tuesday, May 8 with several hotly-contested races. At the top of the defeated incumbent list is Congressman Robert Pittenger (R-NC9), who was defeated by Reverend Mark Harris. Harris will face-off against Democrat nominee Dan McCready, a marine veteran and business entrepreneur. This Washington Post article offers an interesting perspective and notes that this is the first congressional incumbent loss of the 2018 election cycle.
But there was good news for credit unions, too, as Congressman Walter Jones (R-NC3) handily won his race. Jones, who has said that this will be his final term, defeated Phil Law and Scott Dacey, who was well-funded by outside interest groups. CUNA and the League went “all in” to support both credit union friends with mailers in their districts.
These outcomes set the stage for what will surely be a volatile mid-term campaign season. The New York Times produced a concise summary of all NC congressional and legislative outcomes.
The South Carolina General Assembly worked late hours last week to prepare for the close of the 2018 session Thursday, May 10. With much to do in a short time, political games were played by both the House and Senate to get their respective bills passed.
S. 337, SC Credit Union Act, got caught up in the games, but thanks to quick action by the League and outreach from credit union representatives, the bill continued on to pass the second reading on Thursday, May 3. House Labor, Commerce, and Industry Committee Chairman Bill Sandifer's (R-SC2) request for a third and final read was successful and passed the House on Friday, May 4.
The bill now awaits ratification and will be passed to the Governor's Office to be signed into law by Governor Henry McMaster, who supports the legislation.