Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Ways & Means Committee Names Republican Subcommittee Members
WASHINGTON (2/19/13)--House Ways and Means Committee Chairman Dave Camp (R-Mich.) has announced Republican subcommittee assignments for his panel for the 113th U.S. Congress.

The oversight subcommittee and the select revenue measures subcommittee will be of most interest to credit unions. The the oversight subcommittee investigates the tax exempt sector, and the select revenue measures subcommittee is in charge of tax reform. Preserving the tax status of credit unions is a top Credit Union National Association priority.

Rep. Charles Boustany (R-La.) will lead the subcommittee on oversight, and Rep. John Lewis (D-Ga.) will serve as ranking member. The remaining Republican members of that subcommittee are:

  • Rep. Diane Black (Tenn.);
  • Rep. Lynn Jenkins (Kan.);
  • Rep. Kenny Marchant (Texas);
  • Rep. Tom Reed (N.Y.);
  • Rep. Erik Paulsen (Minn.); and
  • Rep. Mike Kelly (Pa.).
Rep. Pat Tiberi (R-Ohio) will lead the subcommittee on select revenue measures, with Rep. Richard E. Neal (D-Mass.) serving as ranking member. Marchant, Paulsen and Reed will also serve on that committee. The remaining Republican members of the subcommittee are:

  • Rep. Jim Gerlach (Pa.);
  • Rep. Aaron Schock (Ill.); and
  • Rep. Todd Young (Ind.).
Republican members for the trade, health, human resources and social security subcommittees were also named in the release. Subcommittee leadership and Democratic subcommittee rosters were announced in mid-January.

Camp congratulated the new and returning subcommittee members, adding that his committee "faces a very busy Congress as [it works] to make our economy stronger and healthier so families can find good-paying jobs and afford to save and invest for the future."

For the full release, use the resource link.

The committee last week also announced membership of 11 bipartisan groups that will craft separate areas of a tax code overhaul. The groups will focus on charitable and exempt organizations; debt, equity and capital; education and family benefits; energy; financial services; income and tax distribution; international tax issues; manufacturing; pensions/retirement; real estate; and small business and pass throughs.

Ryan Donovan, CUNA senior vice president of legislative affairs, said these groups include lawmakers with a good understanding of credit union issues and the credit union difference. "Those who understand credit unions and understand the public policy reasons for the credit union tax-exemption also know that it is something to protect for the sake of consumers," he added. (See Feb. 15 News Now story: Ways And Means Groups Include CU-friendly Members, Says CUNA)

News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda
3 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief.
5 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today:…
7 hours ago
Seriously underwater homes rise, new-home sales tumble News Now:
7 hours ago
#NewsNow Cornerstone Foundation awards $71K in grants
9 hours ago