CUNA President & CEO Bill Cheney reacted to a report Monday by AmericanBanker that Sen. Charles Schumer (D-N.Y.) said a vote on S. 2231 has beendelayed until this summer.
|“If the banks want to go to sleep on this legislation, that'sfine with us,” Cheney said. “The fact is, however, Senateleadership remains committed to a floor vote on this bill, apromise Sen. Schumer reiterated again today.”
|Schumer spokesman Brian Fallon was quoted by the publication assaying the MBL vote would not come up until May or even June,because the Senate has a busy schedule. That statement echoes whatCUNA Senior Vice President of Legislative Affairs Ryan Donovansaid this morning during the trade publication's weekly presscall.
|Donovan said legislation addressing postalreform, cyber security and violence against women would likelytake priority over credit union MBL on the Senate calendar.
|“We have to be a little less concerned with when the votehappens and more concerned about winning the vote,” he said.
|Donovan added that to a certain extent, credit unions have somecontrol over when the bill goes to a vote in the Senate.
|“If we're able to say with a tremendous amount of confidencethat we have 60, that helps expedite the vote,” he told CreditUnion Times.
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