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Credit Union Legislation Continues Journey Through General Assembly; Senate Committee Passes House-Approved Measures

UPDATE: (Feb. 6, 2013) (4:40 pm) – HB 1351 and HB 1686 have passed the Senate! They are off to the governor for his signature, something which could occur before the end of the General Assembly session, but certainly no later than July 1.

SB 905 and SB 769 are on the House Commerce and Labor Committee docket for Feb. 7.

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Good news from the General Assembly as our credit union bills continue to advance. The Senate Commerce and Labor Committee unanimously passed HB 1351 and HB 1686 16-to-0 on Monday and both bills have received a second reading on the Senate floor.

So, we’re set for passage and one step closer to ensuring our bills reach the governor’s desk. 

We’ve reached crossover, when each chamber of the legislature considers bills passed by the other. This is one more important step toward passage of our bills. We expect the House Commerce and Labor Committee to take up consideration of SB 905 and SB 769 this week. These are companion bills to HB 1351 and HB 1686, identical to the House versions, so we expect quick passage of both!

We want to thank the 180 credit union supporters who participated in our Chapter Credit Union Day at the General Assembly events. With visits over the course of three weeks, you were all wonderful ambassadors for the credit union system and showed our lawmakers that you are an active and engaged constituency.

Tags: General Assembly 2013, HB 1351, HB 1686, SB 905, SB 769

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