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News Now

Washington
CUNA online update details post-GAC political landscape
WASHINGTON (3/12/14)--Top credit union priorities coming out of last month's Credit Union National Association Governmental Affairs Conference are detailed in the March edition of CUNA's "Legislative Update Webcast."
 
The advocacy efforts of 4,400 credit union supporters during the GAC "certainly made an impact that will last for a long time," CUNA Senior Vice President of Legislative Affairs Ryan Donovan said in this month's webinar. "As we turn the page from the GAC, several of our priorities are on the front burner of Congress," Donovan noted.
 
In the webinar, Donovan provides updates and analysis of key credit union issues, including:
  • Tax reform;
  • Merchant data breaches;
  • Housing finance reforms;
  • Patent reforms; and
  • Capital reform.
On the credit union tax status, Donovan emphasized that the recently released draft "is just the first chapter in tax reform," and groups that did not do as well as credit unions did in the first draft will be seeking to improve their own position in future drafts. Credit unions must defend their hard-earned gains in the future, he emphasized.

Donovan said CUNA does not expect the U.S. House to consider Rep.Dave Camp's (R-Mich.) tax plan this year, and it is not clear if the Senate will introduce its own tax reform document this year.

However, he added, Rep. Paul Ryan (R-Wis.), who could take on House Ways and Means Committee chairmanship, has said he would use Camp's proposal as a starting point for his own work on taxes.

Each month, CUNA's legislative update webinar breaks down vital information on top congressional concerns into an easy to access and understand format.

For the full 15-minute webinar, use the resource link.
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