The House of Representatives adopted the CUNA/League-backed Amodei-Aguilar amendment on NCUA by voice vote today. The bipartisan amendment from Reps. Mark Amodei (R-Nev.) and Pete Aguilar (D-Calif.) removed a provision placing NCUA under the appropriations process from House appropriations bill H.R. 3354, which is scheduled for a vote Thursday afternoon.
“This is a huge victory for credit unions and their member-owners. We thank Reps. Amodie and Aguilar for their steadfast leadership in keeping NCUA out of the appropriations process and the thousands of CUNA/League credit union activists who took action – these voices made all the difference on the Hill,” said Jim Nussle, CUNA president/CEO. “Placing NCUA under appropriations would be the functional equivalent of a hidden tax on credit unions and their members.”