Full House Consideration of NDAA Begins Today

The House is set today to begin its consideration of its FY2020 National Defense Authorization Act (NDAA). Although more than 650 amendments were filed with the House Rules Committee, none of them would add credit union-opposed language extending to banks the rent-free access to military bases for which credit unions are eligible. The Rules Committee ultimately decides which amendments proceed to floor consideration.

The House Armed Services Committee passed the NDAA in June without the credit union-opposed provision. CUNA sent a letter for the record of the markup and selected state leagues reached out to their members serving on the committee to call for the rejection of any language that would expand the Department of Defense’s (DoD) authority to exempt financial institutions from certain costs on military installations. The NJCUL contacted Armed Services Committee members from New Jersey, Reps. Donald Norcross (D-1), Andy Kim (D-3) and Mikie Sherrill (D-11). Kim and Sherrill have defense-related credit unions in their districts,

The House is expected to vote on the NDAA legislation this week.

The Senate version of the NDAA, which passed June 27, includes language to expand this exemption to banks that meet similar standards to those placed on credit unions seeking these exemptions, which CUNA opposes.

If the House passes its different version of the NDAA as expected, the two bills will go to conference committee, where CUNA and the state leagues will continue to press for preserving of the current bank access framework.

CUNA’s and state leagues’ efforts last year led House and Senate conferees to drop the provision regarding bank leases on military installations from the FY2019 NDAA.