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View from the Capitols: News from Jefferson City, Topeka and Washington D.C.

What's happening in Jefferson CityTopeka and Washington D.C.? Our advocacy team shared updates from the national and state capitols this week. 

Economic Snapshot Survey Responses Needed in Advance of GAC

Do you make an economic impact in your community? Provide financial education to kids and adults alike? Make a difference in helping improve lives? If so, tell us about it! Credit union responses are needed to compile the Kansas and Missouri Economic Snapshots. This information reflects how credit unions are making a difference in their communities and state. The Missouri and Kansas Economic Snapshots are shared with our federal delegations at Hill visits during the CUNA Governmental Affairs Conference on March 1-2. Currently, the Heartland Credit Union Association has responses from 12 Kansas credit unions and 15 Missouri credit unions. The more responses we have, the more accurate and robust the information we provide to lawmakers. 

Please submit your responses by February 17. Questions? Contact Amy McLard

FEDERAL

Jim Nussle with U.S. Rep. Blaine Luetkemeyer

Leadership on House Financial Services Committee
U.S. Rep. Blaine Luetkemeyer (R-MO District 3) is now serving as chairman of the Financial Institutions Subcommittee for the House Financial Services Committee, while U.S. Rep. William “Lacy” Clay (D-MO District 1) is the ranking Democrat on the subcommittee. U.S. Rep. Ann Wagner (R-MO District 2) is chairman of the Oversight and Investigations Subcommittee of the House Financial Services Committee. U.S. Rep. Emanuel Cleaver (D-MO District 5) also serves on the House Financial Services Committee.

CUNA President/CEO Jim Nussle met one-on-one with Congressman Luetkemeyer on February 1. The two discussed regulatory reform and efforts to pass the Financial CHOICE Act, which addresses changes for the Consumer Financial Protection Bureau (CFPB) and the Dodd-Frank Act. Regulatory reform is a top priority for credit unions in this Congress. Credit unions in Kansas and Missouri are encouraged to take part in the Middle Class Campaign for Common-Sense Regulation and sign up to the Member Activation Program to reach out to your members.

MISSOURI

Missouri Rep.
Sandy Crawford

House FI Committee Chair Wins Nomination to Run for Senate District 28 Seat
Missouri State Representative Sandy Crawford (R-Buffalo), who currently serves as Chair of the House Financial Institutions Committee, was chosen by party leaders February 4 to be the Republican nominee in a special election for Senate District 28. The seat was vacated by the election of Mike Parson (R) to the office of Lieutenant Governor.

Crawford will face Democratic opponent Al Skalicky from Bolivar in the special election, which will take place on Tuesday, August 8, 2017. The candidate who prevails will finish the two years remaining in Parson's four year term in the Senate and will face re-election in 2018

The 28th Missouri Senate seat encompasses Benton, Cedar, Dallas, Hickory, Laclede, Pettis, Polk and St. Clair counties. According to Project Zip Code, there are 17,812 credit union members who live in the district.

KANSAS

HCUA Submits Testimony in Support of Digital Assets Legislation
HCUA’s advocacy team submitted testimony before the Senate Judiciary Committee regarding Senate Bill 63 on January 31. This bill enacts the revised Uniform Fiduciary Access to Digital Assets Act, which would modernize state law regarding the management of digital assets. The act has been adopted by 21 other states and is being considered by 11 more states this session.

“SB 63 recognizes the growing number of Kansans who electronically manage some or all aspects of their personal finances online or through a mobile app provided by their financial institution,” said Stephanie Mullholland, director of legislative and political affairs for HCUA, in the testimony. “When a person dies or is no longer able to manage their affairs, this legislation would allow their designated fiduciary the authority to manage assets like online checking and savings accounts.” Read HCUA’s testimony

House Committee Security Briefing Testimony Features Financial Institutions
The Kansas House Government, Technology & Security Committee held a hearing on February 1 regarding information technology and security procedures related to financial institutions and the state agencies that regulate those institutions. Jerel Wright, administrator of the Kansas Department of Credit Unions, and Judi Stork, acting commissioner of the office of the bank commissioner, appeared before the committee, which is chaired by Rep. Pete Degraaf (R-Mulvane). Read KDCU’s testimony

Kansas House Committee Passes Resolution Urging Congress to Support Regulation Freedom
The House Federal & State Affairs Committee passed out a resolution that would urge Congress to propose the regulation freedom amendment to the U.S. Constitution. HCR 5003 states: “Whenever one quarter of the members of the United States House of Representatives or the United States Senate transmits to the President their written declaration of opposition to a proposed federal regulation, it shall require a majority vote of the House of Representatives and the Senate to adopt that regulation.” The concurrent resolution, proposed by Rep. Steven Johnson (R-Assaria), will next go before the full Kansas House for consideration.

View a complete list of bills with potential impact to credit unions that HCUA is monitoring and tracking.