With only 13 working days remaining in the 2014 legislative session, a number of bills supported by the Missouri Credit Union Association (MCUA) took a step forward in the legislative process this week. One bill was sent to the Governor, while others were voted out of their respective committees. Bills voted out of committee are expected to make it to the floor in time for debate and a vote.
Below is a brief overview of bill actions of interest this week:
The process for enacting a bill into law can be confusing. Here is a chart that illustrates the legislative process.
Other Bills of Interest
Click here for an overview of the bills that could potentially impact credit unions. MCUA continues to track and monitor a number of bills – whether moving or not – and watch for amendments to bills. This list is updated regularly.
Update on the General Assembly
Over the course of the week, the House and Senate primarily continued to perfect their own bills. On Tuesday, the Senate Third Read several bills which were noncontroversial. This week should be the end of the House and Senate working on their own bills as focus now shifts to bills which have been sent to them by the other chamber.
Next week, it's expected that the Senate will take up the state’s operating budget. Once it is passed by the Senate, all of the budget bills will then go to a conference committee comprised of both House and Senate members to work out differences between the two versions.
As we move closer to the end of session on May 16, many bills that were killed in committee will now resurface as potential amendments to other bills. We also expect to see a number of ideas that have not previously been discussed in hearings in either the House or Senate to appear in either substitutes created in committee or as amendments.
Many of the key issues discussed at the very beginning of session - the school student transfer bill, the proposed transportation sales tax increase and Medicaid expansion - remain unresolved. It's expected they will all be discussed in the closing weeks.
Financial “Tip of the Week” – Creating and Sticking to a Budget
During the 2014 legislative session, MCUA provides lawmakers with a financial “Tip of the Week” to share with constituents. This week, MCUA provided tips on how to create and stick to a budget. Credit unions are welcome to share these tips with members. Read the full tip here.
If you have any specific examples to share with legislators on this topic, 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.
April/May Events Calendar