Keeping harmful provisions out of FY27 NDAA

The process for the FY27 National Defense Authorization Act (NDAA) is underway, and the House Armed Services Committee is expected to begin marking up its bill today. Urging Congress to reject any potential amendments that could harm the relationship between members and their credit union, America’s Credit Unions submitted a letter to the committee in advance of the hearing.

“Preserving service members’ access to their trusted financial partners throughout all stages of life is essential,” the letter reads. “Credit unions look forward to working with the Committee on programs to help improve financial literacy and the financial condition of those serving, and who have served, our country.”

The committee should avoid any language that would:

• Alter the current nominal land lease process for credit unions on military bases, especially following a 2022 report from the Department of Defense that found it does not cause any lack of financial access for servicemembers;
• Would alter the current payments system, including the Credit Card Competition Act, which would function as a backdoor price control on credit card transactions affecting financial institutions of all sizes.

Read the full letter