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Examination fairness bills introduced in Congress

Mon, Apr 29, 2013

Washington, District Of Columbia

The Financial Institutions Examination Fairness and Reform Act (S 727 & HR 1553) has been introduced in both the U.S. Senate and the U.S. House of Representatives.  The Senate bill was introduced by Sens. Jerry Moran (R – KS) and Joe Manchin (D – WV).  The House bill was introduced by Reps. Shelley Moore Capito (R – WV 2) and Carolyn Maloney (D – NY 12), and has 64 more co-sponsors.  Both MDDCCUA and CUNA believe that these bills represent an opportunity for Congress to curtail the regulatory burdens faced by credit unions and other small financial institutions.  While no member of the Maryland and D.C. Congressional Delegations was an original co-sponsor of the legislation, MDDCCUA will be working hard to gain their support for this legislation.

For further information on this examination fairness legislation or any other credit union legislation, please contact Ricardo Pineres (rpineres@mddccua.org).