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View from Jefferson City: Central Chapter of CUs Welcome Lawmakers for Reception

    Pictured from left Rep. Curtis Trent, Rep. Steve Helms, and
    Ross Smith, of Missouri Credit Union.

The Central Chapter of Credit Unions welcomed nearly a dozen lawmakers for its annual legislative reception February 21. The event was an opportunity for credit union leaders, staff and volunteers to meet with lawmakers from the area or who sit on committees of interest. 

“Legislative receptions provide the opportunity for credit union staffers and volunteers to discuss important issues with lawmakers,” said Louie Delk, of River Region Credit Union. “We also have the chance to share the positive impact our credit unions have on the communities in their districts.”

Update from the Missouri Capitol
The Missouri General Assembly continues to focus on committee hearings, and several bills of interest to credit unions saw action this past week. 

Committees voted out two identical bills (HB 292 & SB 102) that authorize financial institutions, including credit unions, to charge a convenience fee for using a debit or credit card to make a loan payment online or over the phone. They currently await floor debate. HB 292 is expected to receive floor time prior to spring break, March 17-24.

HCUA Advocacy worked with a coalition in support of an amendment to a bill that establishes the offense of filing false documents with the recorder of deeds. HB 303 is intended to protect government officials from 'paper terrorism', or the use of false liens as a method of harassment. The amendment ensures the bill is limited in scope and will not apply to minor mistakes on paperwork. The bill was heard in the House Judiciary Committee on February 21.

The Senate Judiciary Committee heard SB 159, which changes the law to allow a notice of sale of real estate to be published on a website, on February 20.  The provision would still allow for notices to be published in a newspaper. The House version (HB 428) was heard in the House General Laws Committee on February 28.

Bills In Committee This Week
Senate Ways & Means Committee heard the First-Time Home Buyer Savings Account Act (SB 444) on February 28. This bill intends to serve as an incentive for first-time home buyers by creating a savings account with a corresponding tax deduction. The House version (HB 563) was voted out of its committee on February 20.

The House General Laws Committee heard the Fiduciary Access to Digital Assets Act on February 28. This bill (HB 379) permits executors and named guardians access to manage electronic assets. The Senate version (SB 129) has already been voted out of committee and currently awaits debate by the full Senate.

The legislature is expected to turn their attention away from committee hearings and start dedicating more time to floor debate as it gets closer to spring break. Legislators will also spend a significant amount of time over the next several weeks on appropriations bills, which were filed by the Budget Chair on February 21.

The deadline to file bills in both the House and Senate is March 1.

View all bills with potential impact to credit unions that HCUA is monitoring and tracking.