Rep. Gary Miller (R-Calif.), vice chairman of the HouseFinancial Services Committee, scolded credit unions for not doingenough of their own lobbying, and leaving it only to their tradeassociations. He also reviewed the positive and negatives ofgovernment- sponsored entities in the secondary mortgagemarket.

On June 28, Miller introduced H.R. 2572, The Regulatory Relief for Credit Unions Act, whichwould establish a risk-based capital system for credit unions,authorize the NCUA to delay or modify CFPB regulations and provideadditional regulatory relief measures.

Next Page: Introduced by Jan Roche

NAFCU Board Member Jan Roche, president/CEO of the $1.5 billionState Department Federal Credit Union in Alexandria, Va.,introduced Rep. Gerry Connolly (D-Va.)

Next Page: Rep. Gerry Connolly

Rep. Gerry Connolly (D-Va.) was very well received aftertelling his NAFCU Congressional Caucus audience that banks have noleverage with him. In fact, he said he would double down andsupport credit union legislative priorities over banks'. And, hesaid the idea creditunions are a threat to banks “doesn't even pass the giggletest.”

Next Page: Rep. Ed Royce

Rep. Ed Royce (R-Calif.) held up an ad placed by the bankinglobby advocating against credit unions. That money would be betterspent making bank loans to small businesses, he said. In February,Royce introduced H.R. 688, which would raise the member business lending cap to27.5% of assets.

Next Page: Rep. Ed Perlmutter

Rep. Ed Perlmutter (D-Colo.) said the economy could be affectedby budget delays and deficit debate in Washington. The country'sdeficit is just half of what it was two years ago, he added.

Next Page: Sen Rand Paul

Sen. Rand Paul (R-Ky.) brought his signature smaller governmentmessage to the NAFCU stage, saying suspicious activity reportsviolate the 4^th Amendment. Paul is a co-sponsor ofS. 968, which would raise the member business lending cap to 27.5%of assets.

(Photos by John Cooke)