This week: Senate begins votes on H.R. 1

The Senate began procedural votes on H.R. 1 Sunday and is expected to pass the bill as soon as today. Both chambers were scheduled to be on recess this week, but remain in Washington, D.C., in an attempt to meet President Donald Trump’s call for a final bill by July 4.  

Once the bill is passed by the Senate, it returns to the House for consideration and Congress must reconcile the chambers’ two bills. The process may extend beyond the president’s July 4 timeline. Advocacy efforts continue with lawmakers to protect the credit union tax status until the bill is signed by the president.  

Of note, America’s Credit Unions’ offices are closed Friday in observance of the Independence Day holiday.