S. 2155: How we did it
The strategy and story behind historic regulatory relief.
(America's Credit Unions photo)
Our Campaign for Common-Sense Regulation had one goal: Deliver real regulatory relief for credit unions. By now, you know we succeeded.
On May 24, President Donald Trump signed into law S. 2155—The Economic Growth, Regulatory Relief and Consumer Protection Act. But we haven’t talked much about how we helped pass this historic legislation.
With Republicans controlling the House, Senate, and White House, and 11 Democratic senators up for re-election in states Trump won—making them amenable to compromise—we knew we had favorable conditions for reg relief.
We also knew it wouldn’t be easy. To win, we knew CUNA and our league partners would need to coordinate our efforts to separate credit union and small-bank issues from large-bank relief and control the narrative.
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