President Signs Bill Avoiding Shutdown, Funding Government through September

President Donald Trump signed a bill Friday funding the federal government through Sept. 30, the end of fiscal year 2019. The bill fully funds several credit union loan and grant funds, and report language addresses several ongoing advocacy priorities.

It funds the Treasury’s Community Development Financial Institutions (CDFI) Fund at $250 million. The CDFI Fund makes capital grants, equity investments and awards for technical assistance to certified CDFIs, 285 of which are credit unions.

It also funds NCUA’s Community Development Revolving Loan Fund at $2 million, the same as previous years. The fund functions as revolving loan program and a technical assistance program for credit unions.

CUNA-requested language in the legislation includes calling on:

  • The Department of Justice to clarify standards for Web site accessibility under the Americans with Disabilities Act;
  • The Federal Communications Commission to clarify aspects of the Telephone Consumer Protection Act, including reviewing the definition of an automatic dialer and how businesses should treat re-assigned numbers; and
  • The Secretary of State to expand opportunities for cooperatives and other small businesses to compete for State Department contracts. CUNA worked with the World Council of Credit Unions to secure inclusion of this language.

detailed look at provisions in the bill that are of interest to credit unions can be found at CUNA’s Removing Barriers Blog.