STATEMENT from America's Credit Unions on GENIUS Act passage

Jim Nussle

“America's Credit Unions thanks the U.S. Senate for passing a clean GENIUS Act. Keeping poison pill amendments out of the bill protects consumers, small businesses, and financial institutions. Credit unions are here to strengthen Main Street, and we appreciate that senators said 'no' to Senators Marshall’s and Hawley’s unrelated and unproductive amendments that did not go through proper consideration in the standard legislative process. We urge the House to pass the companion STABLE Act without any amendments. As a clean bill, this will allow consumers to enter the digital era of currency and credit unions interested in providing these services will be able to meet their members' needs. We appreciate Congress for recognizing the need for parity among financial institutions in this space.”
​– America’s Credit Unions President/CEO Jim Nussle 

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