NDAA Gets Final Legislative Approval, Heads to President

The Senate yesterday passed (86-8) the National Defense Authorization Act (NDAA) for Fiscal Year 2020 (S.1790) that does not include a credit union-opposed provision concerning bank leases. The measure received House approval (377-48) last week and now heads to President Trump who is expected to sign it into law.

The credit union movement achieved a notable win when the final version of the bill was released from conference committee without the provision contained in the Senate-passed version that would have allowed certain banks to obtain cost waivers to operate on military installations.

CUNA and the state leagues successfully fought against inclusion of a similar provision in last year’s NDAA.