Help us keep the pressure on
Published by: Andrew Canan
September 22, 2021 | Regulatory
Every day we see how the cooperative model delivers incredible results for your members. That collaborative spirit also applies to advocacy. When we collectively band together, incredible results occur. This was the case last week as you collectively made your voices heard to Congress regarding the recent proposal to require credit unions and other financial institutions to report additional account holder information to the IRS.
Ohio’s credit unions sent more than 1,300 messages to Ohio’s congressional delegation asking them to allow credit unions to best serve their members rather than having to focus on burdensome reporting requirements. Nationally, we’ve seen credit unions send more than 75,000 messages. This had a direct impact as more than 140 members of Congress (including Ohio Reps. Gibbs, Jordan, Gonzalez, Davidson, Wenstrup, Latta, and Balderson) signed onto a letter opposing the provision.
This provision was omitted from the bill during its markup in the House Ways & Means Committee. However, we can’t let up as this provision could reappear at any time before the legislation is enacted. Therefore, if you have not yet done so, please take action now by submitting or customizing a pre-written email to Congress to oppose this damaging proposal.
If you have any questions about the program or process, please reach out to the League’s Senior Manager of Political and Grassroots Affairs, Andrew Canan.
Contact Andrew Canan for questions or assistance.
