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CUNA to Tout Benefits of CU Tax Status for Reform Hearing
Wednesday, May 17, 2017 6:20 AM

Credit Union National Association will be closely engaged with a House Ways and Means Committee hearing this week on tax reform, and will submit a letter for the record. CUNA’s letter will urge Congress to retain and reaffirm the credit union tax status.

The hearing, titled “How Tax Reform Will Grow Our Economy and Create Jobs,” will take place Thursday at 10 a.m. (ET), and will be streamed live on the committee’s website.

Rep. Jeb Hensarling’s Financial CHOICE Act (H.R. 10), which passed the House Financial Services Committee earlier this month, is not on the House schedule for this week.

“We’re closely following negotiations in the House on the CHOICE Act, which could make it to the House floor as early as next week,” said CUNA Chief Advocacy Officer Ryan Donovan.

CUNA is also engaged with the following events in Congress this week:

  • Wednesday, 11 a.m. (ET), House Small Business Committee hearing titled “Small Business Administration’s 7(a) Loan Program: A Detailed Review”; and
  • Thursday, 10 a.m. (ET), Senate Banking Committee will conduct a hearing on domestic and international policy with Treasury Secretary Steven Mnuchin.

Source: CUNA News Now