Capitol Report - Key Bills Move Forward
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:
- HB 1218, a bill that protects a credit union’s lien priority over a condo association’s special assessment, was sent to the Governor’s desk after being voted out of the Senate 30-0 on Wednesday. Governor Jay Nixon (D) can either sign, veto or allow the bill to become law. The bill is sponsored by Rep. Tony Dugger (R-District 141) and previously passed the House 142-0.
- HB 1374 and SB 706 are companion bills and will protect businesses, including credit unions, from patent trolls. Both bills were voted out of their respective committees Wednesday. HB 1374 is sponsored by Rep. Stan Cox (R-District 52) and was voted out of the Senate Judiciary Committee after passing the House 142-3. SB 706, sponsored by Senator Mike Cunningham (R-District 33), was voted out of the House Financial Institutions Committee. It was previously voted out of the Senate 32-0.
- HB 1999 & SB 954, also companion bills, will allow the Department of Revenue to set up an electronic lien release system. HB 1999, sponsored by Rep. Dugger, is expected to be heard in the Senate Transportation and Infrastructure Committee next week after passing the House 148-2. SB 954 is sponsored by Sen. Cunningham and was already voted out of the Senate Transportation and Infrastructure Committee, but has not moved forward. The benefit, however, is since the bills are identical the Senate committee is already familiar with the language of the bill – hopefully making it easier to pass the House bill out of committee and move it forward.
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
- 28 - John Diehl Reception – J.C. Country Club – 7-8:30 p.m.
- 28 - Ken Wilson, TJ Berry & Ron Hicks Reception – Gumbo Bottoms – 6:30-8 p.m./adjournment
- 29 - Charity Event I-70 Grudge Match (Boxing & MMA) – Capitol Plaza – 7:30 p.m.
- 29 - Dave Schatz Reception – Gumbo Bottoms – 5-6 p.m.
- 29 - Rick Stream Reception – Gumbo Bottoms – 6:30-8 p.m./adjournment
- 30 - Mo Democratic State Committee – Senate Project Reception – Cork – 5-7 p.m.
- 30 - Glen Kolkmeyer & Kathy Swan Reception – 221 Madison St. – 6:30-8 p.m./adjournment
- 05 - Fraker, Houghton, Hurst Reception – Gumbo Bottoms – 6:30-8 p.m./adjournement
- 05 - Michael Frame Cinco de Mayo Reception – 223 Madison – 1:30-3:30 p.m.*
- 09 - Appropriation bills must be TAFP by 6 p.m.
- 16 - Session adjourns at 6 p.m.
- 30 Genise Montecillo Golf – Crescent Farms Golf Course – Eureka – lunch/reg. at noon, 1 tee-off