WASHINGTON – The pace of congressional deliberations on CURIA, a regulatory relief bill for credit unions, could pick up even more with the possible introduction of a Senate version of the bill by week’s end.
The Senate Banking Committee could see a version of CURIA in the coming days, adding to the progress of the bill, Capitol Hill sources told The Credit Union Journal yesterday. CURIA has been languishing in the House Financial Services Committee for five years, but its prospects picked up this week with the introduction of a similar bill in the House and the onset of hearings on the two bills, scheduled for tomorrow.
But the bill has lacked a Senate companion, a key component of most successful legislative initiatives, something that may be remedied any day.
In addition, Sen. Elizabeth Dole yesterday said she has introduced a new regulatory relief bill for financial institutions. That bill also could be a vehicle for the CURIA provisions, the sources said.
The flurry of activity surrounding CURIA comes as more than 4,000 credit union executives and directors are visiting Washington for their annual lobbying pilgrimage in conjunction with CUNA’s Government Affairs Conference.
