Rep. Gary Miller Introduces CU Backed Relief Bill in U.S. House 

Late last week, U.S. Rep. Gary Miller, R-Calif., House Financial Services Committee vice chairman, introduced H.R. 2572, legislation that would provide regulatory relief for credit unions and community banks.

Miller's bill focuses on enhancements to NCUA authority, improved capital standards for credit unions, and cost-benefit analysis of rules, past and present. The legislation will likely be joined by other regulatory relief initiatives from Rep. Miller’s colleagues on the committee later this year. Other members are said to be preparing bipartisan regulatory relief bills, and are working to find areas where credit union and community bank interests may intersect. The MCUL has asked members of Michigan’s delegation to co-sponsor Rep. Miller’s legislation.

Submissions to Monitor may be emailed. Bryan Laviolette is the editor of Monitor. Contact him by email or call (800) 262-6285, ext. 233. The newsletter of the Michigan Credit Union League is published Monday mornings or Tuesday mornings when Monday is a holiday. There is no Monitor the week after Christmas and the week after the Annual Convention and Exposition. The MCUL reserves the right to edit submissions for clarity and space.
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