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Missouri Capitol Report – State of the State and Legislative Business

Nixon Delivers State of the State Address

Governor Jay Nixon's (D) State of the State address on January 21 has dominated discussions in Jefferson City.  During his address on Tuesday evening, the Governor outlined his legislative priorities for the year.  Those include more education funding, Medicated expansion, anti-discrimination protections for LGBT Missourians, and tax credit reforms.  Governor Nixon also presented his budget for fiscal year 2015.

House Speaker Tim Jones (R-District 110) delivered the Republican’s official response.  The Speaker reiterated the agenda he rolled out in his opening day speech, including tax reform and right-to-work legislation.  The Speaker also criticized Governor Nixon’s budget, remarking his revenue increase estimate is about $310 million more than the estimates agreed on by the House and Senate.

Key Committees Update

Members of the House Financial Institutions Committee met on Wednesday, January 22.  The following bill of interest was discussed:

  • HB 1270 - requires specified disclosures on new credit card processing service contracts. The provisions do not apply to credit unions or credit union associations that offer a credit card processing service.  HB 1270 was heard during committee and a vote is expected next week.

Looking ahead:

  • HB 1374 - this is the bad faith assertions of patent infringement bill (patent trolls).  This bill sets clear criteria to help judges distinguish legitimate from illegitimate patent assertions, and gives businesses affected by patent trolling the option to seek restitution through the circuit court.
    •  HB 1374 is expected to be heard in the House Financial Institutions Committee on Wednesday, January 29.  Missouri Credit Union Association's Advocacy staff will be on hand to testify in support of this bill.

The Senate Financial Institutions Committee is scheduled to meet for the first time on Monday, January 27.  The committee is not expected to hear any bills dealing with credit union issues.

Bills You Want to Know About

Click here for an overview of the bills with potential impact to credit unions.  MCUA will provide this information each week.  It will be updated regularly as more bills are introduced and tracked.

Financial “Tip of the Week” - Who Pays for Retail Data Breaches?

During the 2014 legislative session, MCUA will provide lawmakers a financial “Tip of the Week” to share with their constituents.  On January 23, MCUA provided consumer tips to better understand retail data breaches and how it impacts financial institutions.  Read the full tip here.

The week prior, MCUA provided timely tips to help lawmakers and their constituents protect themselves against retail data breaches.  Read the full tip here.

If you have any specific examples to share with legislators on either of these topics, please contact  Amy McLard or David Kent and we will be happy to help you get that information in to the hands of the right lawmakers.  MCUA advocacy also welcomes suggestions for timely financial education/news topics with a consumer focus to share with lawmakers.

Events Calendar

  • 1-25 - Paul Wieland Faith and Freedom Dinner – Eagles – Crystal City – 6 p.m.
  • 1-28 - Missouri Propane Gas Association Lobby Day – Jefferson City
  • 1-29 - Inner Circle “Dancing with Dems” – American Legion Hall – Jefferson City – 4:30 p.m.
  • 1-29 – Reception for Paul Fitzwater, Craig Redmon and Lyndall Fraker – Mo Credit Union Association – 5:30 p.m.

For more information, please contact Amy McLard or David Kent.

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