WASHINGTON—The Senate and the House continue to work this week, ahead of a scheduled two-week recess beginning next week.
America’s Credit Unions and the Defense Credit Union Council reminded that the main business before both bodies is to finish a compromise budget resolution, which would open the door for the reconciliation package to begin to be crafted when they return post-recess.
The House is also expected to tackle a joint resolution of disapproval on the CFPB’s overdraft rule, which the Senate cleared last month on a 52-48 vote. The House was originally scheduled to vote on the measure last week, but that vote was delayed after leadership cancelled votes for the week after a rule to proceed to business failed over a dispute about proxy voting, ACU noted.
ACU Chief Advocacy Officer Carrie Hunt emphasized that despite growing concerns over the impact of Trump tariffs, that ACU’s primary focus remains protecting credit unions’ tax exempt status. The trade group said its efforts are not slowing.
DCUC Chief Advocacy Officer Jason Stverak said DCUC will leave “no stone unturned” in its efforts to protect the credit union tax status. The trade association Monday launched a targeted advertising campaign to defend credit unions’ tax-exempt status.