Legislative Update with Kenley

Your association continues to monitor key legislation and engage with our congressional delegation on issues impacting Dakota credit unions.

By Kenley Lamberty, DakCU Director of Political Strategy and Engagement

The 101st Legislative Session Updates
The South Dakota Legislative Session is in full swing, and your association has been actively engaged in Pierre tracking key bills, meeting with lawmakers, and advocating on behalf of Dakota credit unions. Below is a current snapshot of the measures we are supporting, opposing, and monitoring this session.
 
Support:
Senate Bill (SB) - 98 Crypto Kiosk

Oppose:

• House Bill (HB) 1026 - Licensing and Regulation of Property Data Collectors and Companies Moved to the 41st Day

​Monitoring:

• SB 6 - Reduction of Maximum Reemployment Benefits Duration
• SB 12 - Refund of Property Taxes for Qualifying Veterans and Surviving Spouses
• SB 18 -repeal income modifications for the bank franchise tax pertaining to bad debts
• SB 20 -make an appropriation for tax refunds for elderly persons and persons with a disability, and to declare an emergency
• SB 23 - include certain types of vehicles in the unpaid repair bill titling process
• SB 43 - address search and seizure provisions applicable to digital currency
• SB 112 - Creating a currency based on gold and silver
• HB 1061- Cash transaction
• HB1033 - Update to Internal Revenue Code Reference for Higher Education Savings Plans

You can view a complete list of South Dakota bills and follow their progress throughout the session here. If you have questions about these or any other bills please feel free to reach out to me.
 
Letter on Credit Card Competition Act (CCCA) and Credit Card Cap
The Dakota Credit Union Association recently sent a letter to South Dakota and North Dakota’s congressional delegations in Washington, D.C., outlining credit unions’ concerns with the Credit Card Competition Act (CCCA). We heard back from every member of our two-state delegation, each of whom shared their perspectives on the bill and its potential impact on credit unions, consumers, and the broader financial system.
 
After reviewing the feedback and engaging in further discussions, Sen. Roger Marshall of Kansas ultimately withdrew his amendment related to the CCCA. We appreciate the willingness of our delegation to engage on this issue and value the thoughtful dialogue that helped inform this outcome.  Your Association will continue to stay closely involved as the legislation evolves and will keep members informed of any significant developments.
 
Event Reminder: South Dakota Credit Union Legislative Day – February 11
Join us in Pierre on February 11 for South Dakota Credit Union Legislative Day —an important advocacy event designed specifically for South Dakota credit unions! We’ll start the morning at the Capitol with coffee and donuts for legislators, followed by the SD GAC annual meeting, a group photo in the Rotunda, and formal introductions on the House and Senate floors. Later in the day, we’ll host a Legislative Leadership Panel and wrap up with a networking social to strengthen relationships with lawmakers and fellow credit union advocates. This is a free event for DakCU members, but we do ask you to kindly register by February 4, so we can plan accordingly.

Please note: The room block at the ClubHouse Hotel and Suites is now full. If you still need a room, please reach out to me directly at [email protected] and I will help secure an additional room.

Stay Connected
For more information or to share your perspectives, feel free to contact me. ​