User login

This Week at the Capitol: Credit Unions Visit JC April 2-3

Peggy Nalls's picture

As part of MCUA's Annual Advocacy & Business Meeting, representatives from Missouri’s credit unions will be hosting the annual legislative dinner on Monday and visiting lawmakers in their offices in Jefferson City on Tuesday. As the Missouri General Assembly moves into its last eight weeks of the 2012 legislative session, both the Senate and House are beginning to hear bills that were introduced in the other body, and floor time will begin to extend into the evening hours.

Like the average Missouri family, the state of Missouri faces challenges when it comes to finding the revenue to fund state programs. With little fanfare, the House sent all appropriates bills to the Senate last week. During this first week in April, most are anticipating long hours of debate once the bills reach the Senate floor. This may greatly limit floor time availability for other key measures

The Senate last week passed SB 879  to allow insurers that purchase vehicles through the claims adjustment process to obtain salvage certificate titles or junking certificates under certain conditions. The bill contains lienholder protection. SB 911 was passed out of committee in the Senate on March 27. It prohibits employers from using the last four digits of an employee’s social security number as their employee identification number.  HB 1308 was heard in the Senate Financial Institutions Committee last week. It relaxes a rating provision for Federal Home Loan Bank irrevocable standby letters of credit, which can be used as acceptable collateral for public deposits. 

On the redistricting front, state-level House and Senate maps are final. However, Missouri’s Congressional districts still face two lawsuits. In the meantime, all candidates have definitely upped their fundraising activity. Missouri’s primary is  August 7, and the general election will be held on November 6.

Vocab Legislation: