Archive

Go to:

October 2017
SMTWTFS
1234567
891011121314
15161718192021
22232425262728
293031
< Sep Nov >
Leaguer Email Subscription

You are not currently subscribed. Click Subscribe below to receive the Leaguer email.

CUNA Urges Enactment of Senior$afe Act as Congress Wraps Up
Tuesday, December 6, 2016 6:50 AM

This week is likely the last time the 114th Congress is in session, and its one pressing priority is funding the federal government past midnight on Dec. 9, when current funding expires. Reports in recent weeks indicate that Congress will vote to maintain current government funding levels into spring 2017, when the new Congress hopes to enact a more long-term measure.

The House and Senate will look at several bills this week, and Credit Union National Association will closely watch any movement on the Senior$afe Act (S. 2216). The Senate bill would protect seniors from financial exploitation by providing limited immunity for properly trained financial employees who disclose concerns to appropriate authorities.

The Senate could choose to “hotline” the bill, which would allow the body to pass the bill as long as there is unanimous consent among members.

“We’re hoping to get this bill on the president’s desk [to be signed into law] before the end of the session,” said CUNA Chief Advocacy Officer Ryan Donovan. “If we’re not able to get it that far, we’ll continue to work on the legislation in the next Congress, both as a standalone measure and in the context of broader regulatory relief.”

CUNA attended a hearing last week on the bill, and submitted a letter for the record stating its support of the legislation.