House Financial Services Committee Chairman Spencer Bachus and House Minority Whip Steny Hoyer are scheduled to address CUNA's Governmental Affairs Conference next month.

Bachus (R-Ala.) chairs the panel that has primary jurisdiction over issues related to credit unions and has held the post since last year.

Although he has said favorable things about credit unions he isn't a cosponsor of legislation to raise the cap on member business loans and was one of eight lawmakers who voted against HR 1151 in 1998.

Bachus is the subject of an investigation by the House's Office of Congressional Ethics for possible insider trading but predicted Friday he would be exonerated. He announced that he won't seek reelection to the post next year, in light of the rules of House Republicans that limit someone to six years as chairman or ranking Republican on a committee.

Hoyer (D-Md.) is the No. 2 ranking member of his party's leadership. He has been a strong supporter of maintaining the credit union tax exemption. Bachus and Hoyer join a roster of other lawmakers and outside speakers at the conference. CUNA's GAC is scheduled to take place from March 18-22.

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