Today, we sent a letter in support of H.R. 4950, the “Small Institution Advisory Committees Act,” which would establish advisory committees within the Treasury Department. The bill was introduced by Representatives Mike Quigley (D-Ill.) and Robert Pittenger (R-NC).  

The bill would create a Credit Union Advisory Committee and a Community Bank Advisory Committee within the Treasury Department. We believe this could help ensure that policymakers within the federal government understand the credit union difference, as well as the impact of regulatory decisions on credit unions.