Legislative Update with Jay Kruse

​CUNA News features ND Senators calling on NCUA for proper asset recovery; and Congress is indistrict until September 13 – just in time for our fall Hike the Hill event. 

Good Morning!
Things are currently very quiet on the political front across the board. Both the House and Senate continue their August recess, spending their time in-district this week. In fact, they will continue their in-district work period for another week and a half before returning to session on September 13th. If you have been paying attention to The Memo, you know this also coincides with a very important annual DakCU event, our Fall Regulatory/Legislative Hike the Hill. So, it won’t just be our Dakotas’ congressional delegation flying back to Washington DC on September 12th – a group of 15 credit union professionals from North and South Dakota will also be wheels up!

We are very excited for our HTH trip and looking forward to having some productive discussions with our delegation before Congress again heads to recess prior to the November midterm elections. Here are a couple numbers I want you to remember as we navigate the second half of the year and prepare for the midterms:
11 and 17.

11 – The number of days Congress will be in session between now and the midterms.
17 – The number of days Congress will be in session after the midterms.

What will Congress get accomplished during that time? Your guess is as good as mine, considering the makeup of both the House and Senate has the potential to look much different following the election. Will the democrats look to try to push some of their top priorities during the lame-duck period if they don’t fare well on November 7th?
Stay tuned.

CUNA NEWS: N.D. Senators, credit unions call for proper asset recovery
Finally, ND credit unions will want to check out the article included in today’s CUNA News highlighting the support North Dakota credit unions have received from Senators Hoeven (R-ND) and Cramer (R-ND) calling on the NCUA to help recover assets from the failed U.S. Central Corporate FCU, including a quote from Jeff Olson. We continue to work on your behalf to get this issue settled.
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Don’t hesitate to contact me with any advocacy concerns or questions.