Cotton, Hill speak to credit unions
U.S. Sen. Tom Cotton and U.S. Rep. French Hill spoke last week to members of the National Association of Federally-Insured Credit Unions.
The organization held its 2017 Congressional Caucus, drawing credit union officials from across the country.
Cotton, a Republican from Dardanelle, serves on the Senate Banking Committee. Hill, a Republican from Little Rock, serves on the House Financial Services Committee and is former CEO and chairman of the board of Delta Trust and Banking Corp.
Hill said he spoke about challenges posed by the Dodd-Frank Act, which was passed after the 2008 financial crisis. He also touched on efforts to overhaul the nation’s tax laws.
The White House has announced plans to unveil new tax legislation later this month.
Credit unions are currently exempt from federal corporate income taxes. Maintaining that exemption “remains our number one legislative priority,” the association states on its website.