After months of hustle and bustle in the state legislature, credit union business is beginning to head for a conclusion. The much discussed interchange legislation, thanks to so many of you, was defeated for this year in both committees of record. While it will certainly be back, its defeat allows us to focus our remaining time on passing our Homestead Exemption bill.
Homestead has now passed both committees of record and is awaiting the Committee on Calendar to schedule its time for a floor vote. This has been a multi-year effort and we will remain at it to ensure that this bill finally gets across the finish line.
We’re anticipating the General Assembly to close down in 5-6 weeks from now, though as always with legislative business, you never know what might happen next. As always, we’ll be there to keep credit unions front of mind for lawmakers.