Rep. Charles W. Boustany (R-La.), chairman of the Subcommittee on Oversight of the Committee on Ways and Means, announced Thursday that the panel will hold a hearing examining operations and oversight of tax-exempt organizations.
The hearing has the potential to reignite the debate over the tax-exempt status of credit unions, which banks claim give the cooperatives an unfair advantage. However, representatives from both CUNA and NAFCU say credit unions are not a direct target.
Brad Thaler, NAFCU's vice president of legislative affairs, said his team has been in touch with all 12 members of the committee since the hearing was announced, and said there doesn't appear to be an "appetite" to bring credit unions into the debate.
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