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New and Returning Members of Congress Sworn in Yesterday
Wednesday, January 7, 2015 6:35 AM

The new and returning members of the 114th Congress arrived in Washington, D.C. yesterday to be sworn in.  As they were arriving, the Credit Union National Association and many other credit union leagues were there to welcome them.  This year’s Congress includes 13 new senators and 58 new representatives. 

Leagues representing 15 states will be there for the swearing-in ceremonies of legislators from their respective states.  CUNA staff has already scheduled meetings with Rep. Pete Aguilar (D-Calif.), a former credit union vice president, and Rep. Denny Heck (D-Wash.) Aguilar was supported by CUNA and the California Credit Union League from his first primary in June through November's general election. CUNA President/CEO Jim Nussle stated there will be "a credit union-friendly majority" in both houses of Congress for the next two years.

The 113th Congress ended on a positive note for credit unions, with the passage of the Credit Union Share Insurance Fund Parity Act. Ryan Donovan, CUNA's senior vice president of legislative affairs, said that CUNA plans to present an "aggressive" regulatory relief agenda to the incoming Congress.

"We're looking forward to advancing more regulatory relief measures in the next Congress so that we can remove barriers that keep credit unions from serving their members," Donovan told CUNA News Now last month.

Donovan added that both chambers are expected to elect leadership this week, and are expected to spend the next several weeks scheduling hearings and potential legislation regarding items such as the Keystone XL Pipeline, immigration, the Affordable Care Act and funding the Department of Homeland Security.

"We're also expecting to see committees organizing over the next few weeks," he said. "We don't have dates and times of the first meetings of the House Financial Services Committee and the Senate Banking Committee just yet, but we expect to know before the end of the month."