April 2-3, MCUA held the Annual Advocacy & Business Meeting in Jefferson City. The evening of April 2, 89 Missouri state representatives, senators and staffers attended the legislative dinner. The yearly event provides an opportunity for credit union staff and volunteers to build relationships with state lawmakers. The following day, credit unions visited the state capitol to meet with legislators in their offices and provide the credit union position on pending pieces of legislation.
SB 633, the salvage company bill that had implications regarding credit union liens, has not yet been heard in a House committee. That could come this week. Credit union representatives asked House members to support the bill, but clarified that our support was conditional on there being no amendments. In a move last week, several amendments dealing with foreclosure were brought up on the House floor. None of the amendments were successful.
This week, the Senate begins work in committee on appropriations. As is typical, this will not be a smooth process. Various groups interested in the outcome of state budget discussions are at the Capitol and pack the Senate budget hearing rooms. Since state revenues are still down and Missouri is required to have a balanced budget by state law, there is the expectation that there will be cuts to the House-passed appropriation package. Both chambers continue to hold morning and afternoon session with committee hearings during mid-day breaks. As can be expected this time of year, legislators begin to work to attach idle legislation to bills on the move. The state legislative session will end May 18.