WASHINGTON (1/9/14)--New York Rep. Carolyn McCarthy (D), who has represented Long Island's 4th Congressional District since 1996, will reportedly not seek reelection this year. She plans to retire at the end of her current term.
McCarthy is a chief co-sponsor of Credit Union Small Business Jobs Creation Act (H.R. 688), which would increase the credit union member business lending cap to 27.5% of assets, from the current 12.25%-of-assets level. She was also a key player in the 2010 passage of the Dodd-Frank Wall Street Reform Act.
Speaking at the Credit Union National Association's 2012 Governmental Affairs Conference, McCarthy supported credit unions work to support their communities, help small businesses and "get the economy going."
The congresswoman is a Financial Services Committee member, is the ranking Democrat on the international monetary policy and trade subcommittee, and also serves on the financial institutions and consumer credit subcommittee.