CALIFORNIA AND NEVADA CREDIT UNION LEAGUES

BAN · Banking

Preserving credit union tax exemption; Tax Cuts and Jobs Act; HR 654 (move CFPB to appropriations); HJRes 59 (repeal overdraft rule); SJRes 18 (repeal overdraft rule); expansion of CFI definition under the FHLB; S. 522, Credit Union Board Modernization Act; S. 2019, the TRAPS Act (fraud prevention); Small Business Administration lending letter; the GENIUS Act (crypto & stablecoin); H.R. 507, the veterans member business lending act; HR 1799, the Financial Reporting Threshold Modernization Act; HR 4167/S. 3616, Expanding Access to Lending Options Act; S. 2545, the Expanding NCUA Liquidity Facility Enhancements Act; National Defense Authorization Act; Credit Card Competition Act (interchange); affordable housing; budget reconciliation; CU tax exemption; H.R. 7548/S. 3674, the SCAM Act; H.R. 933, the STOP Payments Fraud Act; H.R. 7647, the Minimizing Outdated Restrictions that Exclude (MORE) Opportunities for Homeownership Act; HR 10082, the Credit Union Investment Authority Act

Literal federal measure citations: HR 654, HJRes 59, SJRes 18, S. 522, S. 2019, H.R. 507, HR 1799, HR 4167, S. 3616, S. 2545, H.R. 7548, S. 3674, H.R. 933, H.R. 7647, HR 10082

TAX · Taxation/Internal Revenue Code

Preserving the credit union model; protect credit union tax exemption; Tax Cuts and Jobs Act; HR 1105, creating a natural disaster mitigation tax credit program

Literal federal measure citations: HR 1105

FIN · Financial Institutions/Investments/Securities

HR 654 (move CFPB to appropriations); HJRes 59 & SJRes 18 (repeal CFPB overdraft rule); S. 522, the Credit Union Board Modernization Act; interchange; expansion of CFI definition under the FHLB; the GENIUS Act, developing regulatory frameworks for crypto and stablecoin; preserving the NCUA insurance fund; HR 10082, the Credit Union Investment Authorities Act; S. 3616 Expanding Access to Lending Options Act, which authorizes the NCUA to increase loan maturities for CUs

Literal federal measure citations: HR 654, HJRes 59, SJRes 18, S. 522, HR 10082, S. 3616

BUD · Budget/Appropriations

Funding and support for the CDFI Fund; funding for the NCUA; maintain NCUA independence; budget reconciliation