WASHINGTON—As the final week of the 118th Congress arrives, both the defense Credit Union Council and America’s Credit Unions continue to pay close attention to the progress of the National Defense Authorization Act (NDAA), and any potential amendments that might be added to the legislation that could be detrimental to credit unions.
DCUC Chief Advocacy Officer Jason Stverak said the Senate is expected to vote on the NDAA Monday afternoon.
“We are looking for the Senate to begin consideration of the NDAA, which passed the House on a large bipartisan vote last week,” Stverak said. “It's expected the Senate will process the bill and move it forward to the President's desk for signature.”
Stverak reiterated that DCUC has heard rumors that senators Roger Marshall (R-KS) and Dick Durbin (D-IL) will attempt, or are trying to attempt, to force the vote to include their interchange language.
“We continue to reiterate to every office, specifically the chairman and ranking member of the Banking and Armed Services committees, to not include this language and leave the NDAA clean. We're happy the House, once again, passed the bill without any changes that would impact credit unions—specifically no opening up of the Federal Credit Union act to provide Share Insurance coverage for non-members. We encourage the Senate to follow suit and get this to the president's desk as soon as possible to be signed into law.”
Separately, Congress has until Friday to pass a government funding bill to avoid a government shutdown. Both ACU and DCUC stated they are confident a bill will be passed.