Bipartisan reg relief package includes RBC delay

Sources close to the LSCU shared information that late Friday, an agreement was reached by Hensarling and Waters on a new bipartisan reg relief package — the Posey RBC delay legislation is one of the provisions in the bill. Click here for provisions. This House effort will be folded into an existing Senate bill, and […]

Sources close to the LSCU shared information that late Friday, an agreement was reached by Hensarling and Waters on a new bipartisan reg relief package — the Posey RBC delay legislation is one of the provisions in the bill. Click here for provisions.

This House effort will be folded into an existing Senate bill, and will likely be passed by the full House Tuesday or Wednesday.  According to Hensarling’s staff, there’s an “excellent chance“ that these provisions will be agreed to by the Senate.

RBC delay will be part of three different bills:

1.) Defense Authorization/Committee on Foreign Investment

2.) Financial Services Appropriation

3.) this Capital Reform package.

The multi-pronged approach means increased chances to get this into law sometime this fall.

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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