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Washington
Green 150th co-sponsor to sign on to CURIA
WASHINGTON (6/20/08)--Rep. Gene Green (D-Texas) has signed on as a Credit Union Regulatory Improvements Act (CURIA) co-sponsor, bringing the number of supporters in the House to 150. Green’s co-sponsorship comes on the heels of a recent Hike the Hill event by the Texas Credit Union League, said Ryan Donovan, Credit Union National Association (CUNA) vice president of legislative affairs. "We are delighted that Green has read the bill and seen fit to co-sponsor it," said Dick Ensweiler, president/CEO of the Texas league. "It's a culmination of hard work by credit unions and his constituency in ensuring that our congressman understood the bill and what it will do for credit unions." CURIA was introduced in the Senate May 1 by Sen. Joe Lieberman (I-Conn.) Reps. Paul Kanjorski (D-Pa.) and Ed Royce (R-Calif.) introduced the measure in the House. Among other changes, CURIA would allow all credit unions, regardless of charter type, to serve those in underserved areas. It also would increase the current cap on member business loans to 20% from 12.25%.
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