CU Contributions Help CUNA Build Up CURIA Sponsors

WASHINGTON - Campaign contributions from CUNA continued to find their way to key sponsors of CURIA-the CU Regulatory Improvements Act-as the credit union lobby works to convince Congress to move the five-year-old bill to a hearing or vote. To date, there has been no hearing scheduled on the bill, even as more than 125 House members have signed on as sponsors during this Congress, the third try for the bill.

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Despite the growing interest in the House, a companion bill has yet to be introduced in the Senate, and sources on the Senate Banking Committee said last week they know of no efforts to do so.

CUNA reported it made campaign contributions in June to Ed Royce, the California Republican who helped draft the bill ($5,000), as well as California Democrat Brad Sherman, a major supporter of the effort ($2,500), along with CURIA co-sponsors: Reps. Brad Miller (D-NC), $1,000; Brian Bilbray (R-CA), $500; Carolyn Kilpatrick, (D-MI), $4,000; John Larson (D-CT), $6,500; Chris Carney (D-CT), $4,100; Darrell Issa (R-CA), $1,000; Jo Baca (D-CA), $1,000; George Miller (D-CA), $1,000; Jesse Jackson Jr., (D-IL), $1,000; Gregory Meeks (D-NY), $1,000; and Gus Bilirakis (R-FL), $1,000.

CUNA, which is trying to convince Rep. Carolyn Maloney, chairman of the House Financial Services Subcommittee on Financial Institutions, to hold a hearing on CURIA, contributed $8,500 to the New York Democrat.

Contributions also went to several so-called leadership PACs, including a new PAC known as the Tuesday Group PAC, named for a weekly session held by moderate Republicans ($5,000).

Other leadership PACs getting CUNA funds were: Virginia Victory PAC, for Republicans ($1,000); and two Democrat PACs, Democrats Win Seats ($1,500) and Reuniting Our Country PAC ($5,000).

Several newcomers to national politics also received CUNA PAC funds, including Democrat Jenny Oropeza, a California state legislator running for the House ($5,000) and Jim Whitehead, a Georgia Republican running for the House ($5,000).

CUNA's PAC raised $111,000 for the month of June and spent $172,000, leaving it with $242,000 of cash on hand. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com


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