Extension Passed to Fund Government Through Dec. 21

The House and Senate have passed a two-week government spending bill that also reauthorizes the National Flood Insurance Program (NFIP) through Dec. 21. The president is expected to sign the measure, which must happen before midnight tonight to avoid a partial government shutdown.

With as few as two expected legislative weeks left in this Congress, Congress must still finish work on some government spending, including the financial services and general government (FSGG) appropriations measure.

CUNA and the state leagues have continued to press for full funding for the NCUA's Community Development Revolving Loan Fund (CDRLF) and Treasury's Community Development Financial Institutions (CDFI) fund, which is included in the Senate-passed version of the bill.

Both Senate- and House-passed bills include full funding for the Small Business Administration's (SBA) 7(a) and 504 loan programs, which are used by credit unions.