Alabama Delegation Report Card House of Representatives Member (District)
Co Sponsor HR 1081 (Interchange)
Co Sponsor HR 1418 (MBL)
Co Sponsor HR 1697 w/o HR 1418
Co Sponsor HR 3461 Exam Fairness
Co Sponsor HR 3993 CU Capital
Co Sponsor HR 4367 ATM Disclosure
Vote HR 4367 ATM Disclosure
Jo Bonner (1)
Y
Y
N
Y
N
N
N/A
Martha Roby (2)
N
N
N
N
N
N
Y
Mike Rogers (3)
N
N
N
N
N
N
Y
Robert Aderholt (4)
N
N
Y
N
N
N
Y
Mo Brooks (5)
N
N
Y
N
N
N
N/A
Spencer Bachus (6)
N
N
Y
Y
N
N
Y
Terri Sewell (7)
N
N
N
N
N
N
Y
U.S. Senate Member
Co Sponsor Vote S 575 S 575 (Interchange) (Interchange)
Co Sponsor S 2231 (MBL)
Co Sponsor S 1600 w/o S 2231
CoSponsor S.2160 (Exam Fairness)
Senator Richard Shelby
N
Y
N
N
N
Co Sponsor S. 3204 (ATM Disclosure) N
Senator Jeff Sessions
Y
Y
N
N
N
N
Florida Delegation Report Card House of Representatives Co Sponsor HR 1081 (Interchange)
Co Sponsor HR 1418 (MBL)
Co Sponsor HR 1697 w/o 1418
Co Sponsor HR 3461 Exam Fairness
Co Sponsor HR 3993 CU Capital
Co Sponsor HR 4367 ATM Disclosure
Vote HR 4367 ATM Disclosure
Jeff Miller (1)
Y
Y
N
Y
Y
N
Y
Steve Southerland (2)
N
N
N
Y
N
N
Y
Corrine Brown (3)
N
Y
N
Y
N
N
Y
Ander Crenshaw (4)
N
N
Y
Y
N
Y
Y
Richard Nugent (5)
N
N
N
Y
N
Y
Y
Cliff Stearns (6)
Y
N
N
Y
N
N
Y
John Mica (7)
N
N
N
N
N
N
Y
Daniel Webster (8)
N
N
N
N
N
Y
Y
Gus Bilirakis (9)
N
Y
N
Y
N
Y
Y
Bill Young (10)
N
Y
N
N
N
N
Y
Kathy Castor (11)
N
Y
N
Y
N
N
Y
Dennis Ross (12)
N
Y
N
Y
N
Y
Y
Vern Buchanan (13)
N
N
N
Y
N
N
Y
Connie Mack (14)
N
N
N
N
N
N
Y
Bill Posey (15)
N
Y
N
Y
Y
Y
Y
Member (District)
Co Sponsor HR 1081 (Interchange)
Co Sponsor HR 1418 (MBL)
Co Sponsor HR 1697 w/o 1418
Co Sponsor HR 3461 Exam Fairness
Co Sponsor HR 3993 CU Capital
Co Sponsor HR 4367 ATM Disclosure
Vote HR 4367 ATM Disclosure
Tom Rooney (16)
N
N
N
Y
N
Y
Y
Fredrica Wilson (17)
N
Y
N
N
N
N
Y
Ileana Ros-Lehtinen (18)
N
N
N
Y
N
N
Y
Ted Deutch (19)
N
N
N
N
N
N
N/A
Debbie W – Shultz (20)
Y
N
N
Y
N
N
Y
Mario Diaz-Balart (21)
N
N
N
Y
N
Y
Y
Allen West (22)
Y
Y
N
Y
N
N
Y
Alcee Hasting (23)
Y
Y
N
N
N
N
Y
Sandy Adams (24)
N
N
N
Y
N
N
Y
David Rivera (25)
Y
N
N
Y
N
N
Y
Co Sponsor SB 509 (MBL)
Co Sponsor S 1600 w/o S 509
Co Sponsor S. 3204 (ATM Disclosure) Y Y
Member (District)
U.S. Senate Member
Co Sponsor Vote S 575 S 575 (Interchange) (Interchange)
Senator Bill Nelson
Y
Y
Y
N
CoSponsor S.2160 (Exam Fairness) N
Senator Marco Rubio
N
Y
N
N
N
KEY Y/N - Voted with or took action requested in support of the credit union position Y/N - Either voted against the credit union position or has not cosponsored requested legislation - The issue has not gone before the lawmaker and available for the lawmaker to support or fail to support the credit union position Explanation of Issues Reported: Cosponsor HR 1081/SB 575 – HR 1081 and S 575 are legislative remedies to the Interchange Provision of the Dodd-Frank Act. Both of these bills would place a moratorium on the Federal Reserve Issuing final Interchange Regulations and require a study of the impact. The League strongly supports this legislation. A Y on co-sponsorship is support of the credit union position. Vote on SB 575 – A Y vote in favor of HR 1081 / S 575 will be a vote to delay implementation and study the impact of the Interchange Regulations of Dodd-Frank, a and is a vote in support of the credit union position. The bill did not come to the House, so there was not an opportunity for House members to vote for or against it. Cosponsor HR 1418/S509 – Under current law, the ability of credit unions to make small business loans to their members (Member Business Loans) is limited to 12.25% of the assets of the credit union. This unnecessarily and artificially limits the ability of credit unions to serve the loan needs of many small businesses within their fields of membership and their geographic areas. Allowing credit unions to double their current legal limit would inject $14 billion in new small business capital, creating over 100,000 new jobs, in the first year of having increased lending authority. HR 1418 and S509 increase the current limit from 12.25% to 27.5% of assets. This legislation is supported by credit unions and numerous small business groups. A Y on co-sponsorship indicates support of the credit union position. Cosponsor HR 1697/S1600 Without HR 1418/S509 – HR 1697 / S 1600 gives banks significant regulatory relief to banks, including an expansion of Subchapter S status, which gives certain banks greater tax advantages, and reduces the aggregate tax for other banks. In addition it gives banks relief from numerous reporting and accounting requirements. While credit unions do not oppose this legislation for banks, we do oppose members of Congress supporting greater powers and regulatory relief for banks without also supporting the ability of credit unions to serve their members, including small business owners, under the provisions of HR 1418. Y indicates that a member of Congress co-sponsored regulatory relief for banks but not for credit unions. Cosponsor HR 3461/S 2160 – HR 3461, the Financial Institution Exam Fairness Act, helps ensure a fair examination process by regulators. The bill gives financial institutions like credit unions the right to see the information that regulators use to make decisions, establish an appeals process before an independent Administrative Law Judge, and establishes an ombudsman to which financial institutions could raise concerns with respect to their examinations. Credit Unions strongly support this bill, and a Y indicates that the member of Congress has signed on as a co-sponsor of the bill. This House bill was introduced on 2/1/2012 and the Senate bill was introduced on 3/6/2012.
Cosponsor HR 3993 – Credit unions are the most heavily regulated of all deposit taking institutions. Unlike banks, the required net worth of credit unions is set by law, not regulations, and is higher than for other types of institutions to be considered “well capitalized.” Under current law, only HR 3993, the Capital Access for Small Business and Jobs Act, will allow credit unions to raise additional forms of capital, while still maintain the unique structure and nature of credit unions. While credit unions generally remain well capitalized, economic downturns can lead to some credit unions falling below the required amount and triggering regulatory action. HR 3993 will ensure that credit unions have options and maintain the ability to grow and serve their members. Credit unions strongly support this bill and a Y indicates that the member of Congress has co-sponsored the bill. This bill was introduced on 2/9/2012 and has not received as much of a co-sponsorship push as older bills. Cosponsor HR 4367/S3204 – This legislation would amend the Electronic Funds Transfer Act by removing the requirement that a physical sign be placed on an ATM by the owner/operator that informs the user of the machine that he/she may be charged a fee. An on-screen disclosure requiring the user to affirmatively accept or decline the charge is still necessary, and thus the consumer is still protected. By removing this duplicative disclosure requirement, frivolous class action lawsuits due to removal of the physical sign will be eliminated. Credit unions strongly support this bill and a Y indicates the member of Congress has co-sponsored the bill. Credit unions strongly support this bill and a Y indicates that the member of Congress has co-sponsored the bill. The House bill was introduced on 4/26/12 and the Senate bill was introduced on 5/17/12. The House bill passed the floor by a 371-0 vote on 7/10/12.