CUT: Coalition of Veterans Support Senate Defense Bill

The Credit Union Times in a story Monday said amid intense lobbying by banks and credit unions, a coalition of 34 veteran and active servicemember groups has endorsed a Senate plan to give banks the same free rent benefits that credit unions have now.

The Military Coalition, which includes such groups as AMVETS, Veterans of Foreign Wars and the Wounded Warrior Project, has produced a lengthy list of areas they support or oppose in the massive defense authorization bill. The banking provision is one of many it included in a spreadsheet sent to lawmakers. House and Senate conferees are now meeting to resolve differences between the annual defense bills. The Senate version would provide banks with free rent on military bases, while the House bill is silent on the issue.

“We’re working through the conference committee process to make sure the conference report doesn’t have the Senate provision,” CUNA Chief Advocacy Officer Ryan Donovan said.

Read the CUT full story.