Tuesday, October 11, 2011 11:30:00 AM
WASHINGTON - Congress is back in Washington this week to consider such things as foreign trade agreements in the House, and judicial nominations in the Senate.
The centerpiece of the week as far as credit unions are concerned is tomorrow's hearing on MBL reform. CUNA will provide testimony.
At 2 p.m. the House Financial Services Committee subcommittee on financial institutions and consumer credit is scheduled to conduct a hearing, focusing on the Small Business Lending Enhancement Act of 2011 (H.R. 1418), the MBL reform bill. Jeff York, President/CEO of California's Coasthills FCU will testify on behalf of CUNA and his testimony will be available on the CUNA Web site after it has been transmitted to the committee.
Earlier in the day, the same subcommittee will conduct a hearing entitled "Regulatory Impediments to Job Growth."
When the House completes its business for the week, it will stand in recess until the week of Oct. 24.
The NJCUL has scheduled a special Hike-the-Hill for Tuesday, October 25 to recruit additional co-sponsors and press the case for MBL reform. Anyone interested in participating should email NJCUL Director of Government Affairs Chris Abeel at firstname.lastname@example.org.
The League is also launching MBL reform radio and Web ads beginning Thursday. An example of a Web ad is below.
Credit union professionals, volunteers, and members are encouraged to visit the League's Online Grassroots Action Center (http://www.capwiz.com/cuna/nj/home) where they can easily participate in the MBL Call-to-Action by sending a quick email to N.J.'s two senators and congressmen. It takes only a few minutes.