WASHINGTON–Members of the House of Representatives are on their way back to Washington where a vote on legislation to end the government shutdown and fund the federal government through Jan. 30 of 2026 could take place as early as Wednesday night.
As the CU Daily reported earlier, the Senate has already voted 60-40 to advance the continuing resolution (CR) on the funding, as well as to move forward on three other bills that would fund the Department of Veterans Affairs, the FDA, the Department of Agriculture (which would include funding for the SNAP program and for WIC), military construction and the executive branch of government.
For credit unions, it would mean paychecks for hundreds of thousands of members and the ability to repay emergency loans that were taken out to bridge the gap.
‘Trusted Partner’
“We are encouraged by discussions that indicate a bipartisan agreement to reopen the government has been reached, and we urge Congress to swiftly pass the funding bill to restore stability across our country,” America’s Credit Unions’ President and CEO Scott Simpson said in a statement. “In what is now the longest shutdown in history, spanning seven weeks, millions of households have had to worry about how they will make ends meet. Throughout this shutdown, credit unions embodied their ‘people helping people’ mission to ensure those facing financial hardships had a trusted partner by their side, throwing out every lifeline available. It’s time to end the shutdown and put people first—the same way that credit unions do every day.”
About the Package
As the CU Daily has previously reported, the House will be voting on a Senate package that would:
- Reverse the reductions in force that have taken place during the shutdown, including at Treasury’s Community Development Financial Institutions (CDFI) Fund. Restoration of staff would allow for the processing of CDFI Fund applications and the disbursement of CDFI funds. More than 400 credit unions are CDFIs.
- Provide federal workers with backpay from the six-week shutdown.
- Make increased funds available for Small Business Administration programs, including the 7(a) program
- Extend authorization of the Cybersecurity Information Sharing Act until Jan. 30.
