CUNA President & CEO Bill Cheney reacted to a report Monday by American Banker that Sen. Charles Schumer (D-N.Y.) said a vote on S. 2231 has been delayed until this summer.
“If the banks want to go to sleep on this legislation, that's fine with us,” Cheney said. “The fact is, however, Senate leadership remains committed to a floor vote on this bill, a promise Sen. Schumer reiterated again today.”
Schumer spokesman Brian Fallon was quoted by the publication as saying the MBL vote would not come up until May or even June, because the Senate has a busy schedule. That statement echoes what CUNA Senior Vice President of Legislative Affairs Ryan Donovan said this morning during the trade publication's weekly press call.
Donovan said legislation addressing postal reform, cyber security and violence against women would likely take priority over credit union MBL on the Senate calendar.
“We have to be a little less concerned with when the vote happens and more concerned about winning the vote,” he said.
Donovan added that to a certain extent, credit unions have some control over when the bill goes to a vote in the Senate.
“If we're able to say with a tremendous amount of confidence that we have 60, that helps expedite the vote,” he told Credit Union Times.
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