S. 2155 gains momentum in House

CUNA President/CEO Jim Nussle thanked House Financial Services Chairman Jeb Hensarling (R-Texas) for his Thursday remarks that he would be willing to support the Senate-passed Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155). Hensarling said Thursday at the U.S. Chamber of Commerce that he’s open to pathways that involve passing S. 2155 and […]

CUNA President/CEO Jim Nussle thanked House Financial Services Chairman Jeb Hensarling (R-Texas) for his Thursday remarks that he would be willing to support the Senate-passed Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155). Hensarling said Thursday at the U.S. Chamber of Commerce that he’s open to pathways that involve passing S. 2155 and tackling additional regulatory relief in separate legislation.

“We are pleased to learn of Chairman Hensarling’s willingness to compromise and come to a final consensus on this legislation,” Nussle said. “S. 2155 includes several provisions found in the Financial CHOICE Act, which was first introduced by the House, and we are confident it is an effectively bicameral bill.”

House Chief Majority Whip Patrick McHenry (R-N.C.) and Sen. Mark Warner (D-Va.) also discussed the bill this week, during a conference. McHenry said there are a few options the House could take to consider the bill, and he expected Speaker of the House Paul Ryan (R-Wis.) and Senate Majority Leader Mitch McConnell (R-Ky.) to work out the specifics.

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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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