WASHINGTON (3/22/12)--Credit unions live by the not-for-profit-but-for-people philosophy. U.S. Rep. James Clyburn (D-S.C.), noting this point Wednesday, urged attendees of the 2012 Credit Union National Association Governmental Affairs Conference to embrace two pieces of related legislation that seek to improve the lives of U.S citizens facing financial challenges.
Clyburn sponsored the Rural Energy Program Act, which seeks to nationalize a program established in South Carolina in which rural energy customers who upgraded their homes' energy efficiency repaid the cost on their monthly utility bills.
Clyburn's Rural Energy Program Act passed the U.S. House but not the Senate. Yet, he said, he has not given up hope on the bill.
"It is the kind of legislation that can do wonders back in your respective communities," he told the audience.
Clyburn also touted a "10-20-30" policy that would direct at least 10% of rural development spending to communities with 20% poverty rates for 30 years.
Clyburn said 474 U.S counties fall into the 10-20-30 category.
"During this recovery we must make sure we do not make the same mistakes that we made last time we were here," Clyburn said. "There are still communities that have not recovered from the Great Depression."
The No. 3 Democrat in the House, Clyburn has represented South Carolina's sixth congressional district since first being elected to the House in November 1992.