Sen. Ricketts touts legislation to benefit credit unions

Senate Banking Committee member Sen. Pete Ricketts, R-Neb., detailed several bills he has championed to help “remove red tape” and allow credit unions to serve their members without unnecessary regulatory burdens.

Ricketts co-sponsored the Expanding Access to Lending Options Act and the Credit Union Board Modernization Act—two bills that would provide needed modernizations. He also discussed the benefits of the GENIUS Act, passed last year as part of H.R. 1, which provided parity for credit unions.

Detailing his support for the Renewing Opportunity in the American Dream (ROAD) to Housing Act, Ricketts noted the committee voted on it Monday night. The bill is designed to boost housing supply, improve housing affordability, and increase oversight and efficiency of federal regulators and housing programs.

Ricketts shared that addressing housing affordability is a bipartisan priority for lawmakers and acknowledged the housing finance system as an area where credit unions “help out a lot.”

In closing, he thanked credit unions for all they do to help everyday Americans achieve their dreams. “What you do is very important. It’s part of what continues to make our country great and continues to grow our nation.”

GAC concludes tomorrow. Stay tuned to our Daily News and follow along on social media for highlights of the industry’s largest advocacy event.