Reconciliation bill markup continues; 1 p.m. ET webinar to provide update

The House Ways and Means Committee began its markup of its reconciliation bill Tuesday afternoon and, as of 6:30 a.m. Eastern, remain in session debating amendments on various issues.

No amendment has been offered to change the credit union tax status.

Registration is now open for America’s Credit Unions' advocacy update webinar, today at 1 p.m. Eastern. America's Credit Unions President/CEO Jim Nussle and Chief Advocacy Officer Carrie Hunt will lead a discussion on the latest developments, next steps, and more.

America’s Credit Unions’ advocacy team was on-site for the markup, and closely monitored the discussion through the night for amendments that may impact to credit unions. Industry-wide advocacy efforts helped secure credit unions' tax status in the draft reconciliation bill currently being considered by the committee. Credit unions continue to urge lawmakers to keep it intact to preserve the credit union difference.