Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Washingtons top lawmakers signing on for GAC
WASHINGTON (12/10/07)—Three of Washington’s top lawmakers recently accepted invitations to address the 2008 CUNA Governmental Affairs Conference to be held here March 2-6. Senate Finance Committee Chairman Max Baucus (D-Mont.) will address the credit union conference on Thursday morning , March 6. House Ways and Means Chairman Charles Rangel (D-N.Y.) and House Minority Whip Roy Blunt (R-Mo.) are on the schedule Wednesday morning, March 5. As minority whip, Blunt is a key figure in forming his party's responses to current legislation and in coordinating the Republican caucus. He previously has addressed CUNA's GAC in 2007 and 2002. In 1997, his first year in Congress, Blunt co-sponsored the historic CU Membership Access Act, which became law a year later. On bankruptcy reform, Blunt became personally involved in inserting CUNA-supported language protecting credit union members' right to reaffirm their debts. On retirement savings, he helped ensure that CUNA-supported provisions to expand Individual Retirement Accounts (IRAs), pensions, and Education Savings Accounts (ESAs) were included in the final 2001 tax bill. Rangel, who is serving his 19th term in the House, became chairman of the powerful tax-writing panel, the Ways and Means Committee, in January of this year, after the federal elections established the Democratic party with a slight majority in the House. Rangel succeeded Republican chairman Bill Thomas of California, who in November 2005 conducted a hearing into the tax status of federal credit unions. Rangel spoke out forcefully in support of credit unions at that hearing. Baucus was elected to the Senate in 1978, after two terms in the House of Representatives, and has served consecutive terms ever since. As chairman of the Finance Committee, Baucus was key to the deliberations regarding how financial institutions should treat Social Security and other government benefits when recouping funds or assessing fees in an overdraft situation. Baucus said he preferred a regulatory approach over a legislative one. The federal financial institution regulators, including the NCUA, have since issued guidance. The 2008 GAC will be CUNA’s inaugural event in the new Washington Convention Center. For 30 years, including 2007, the event was hosted at the Washington Hilton & Towers. Also featured on the 2008 GAC program are Gen. Colin Powell, political commentator Chris Matthews, host of MSNBC's "Hardball" and NBC's "The Chris Matthews Show," and humorist Dave Barry. New to the GAC this year is an opening kickoff concert Sunday evening, March 2, featuring the band "America" and sponsored by the CUNA Councils. Additional speakers will be announced in coming weeks as they are confirmed. Housing reservation lines opened Nov. 5. Use the link below for more information.


RSS print
News Now LiveWire
Goodwill Industries latest to report data security breach http://t.co/gIaXNsT4Bk
14 hours ago
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
16 hours ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
16 hours ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
16 hours ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
17 hours ago