Capital Access for Small Business and Jobs Act, H. R. 719
Representative Peter King (R-NY) and Brad Sherman (D-CA) recently introduced the Capital Access for Small Business and Jobs Act, H. R. 719, which would provide credit unions with the ability to raise capital from alternative sources. These other sources of capital would still maintain the “one member, one vote” principal that is fundamental to the credit union structure. This common sense legislation enhances safety and soundness and ensures that consumer and their communities will continue to receive support from their credit unions in the future. Please contact your Representative today and urge them to support H.R. 719.