House passes NDAA without harmful amendments

September 11, 2025

The House passed its version of the FY26 National Defense Authorization Act (NDAA) Wednesday without harmful banking provisions America’s Credit Unions fought to exclude. The organization engaged House members on the bill through the House Armed Services Committee, amendment consideration by the House Rules Committee, and through Wednesday’s floor vote. 

This included successfully working to keep any interchange bill out of the amendments process. The Credit Card Competition Act, proposed for the NDAA in previous Congresses by Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kan., would create new credit card interchange mandates that serves as nothing more than a Big Box Bailout.

The Senate is still considering amendments to its version. America’s Credit Unions has called for the Big Box Bailout and other interchange-related amendments to be left out, but for the inclusion of language to:

  1. Exempt loans made to veteran-owned businesses from the credit union member business lending cap;
  2. Increase Community Development Financial Institution (CDFI) transparency and access to long-term capital and liquidity; and
  3. Give small credit unions easier access to emergency liquidity through NCUA’s Central Liquidity Facility. 

America’s Credit Unions President/CEO Jim Nussle wrote an op-ed this week detailing why pro-credit union amendments in the NDAA would help America’s servicemembers and their families.