League Outlines Priorities as General Assembly Readies for Special Session

Your League is asking Virginia lawmakers to consider three priorities when they convene Aug. 2 for a special session of the General Assembly. 

In a letter to Sen. Janet Howell and Del. Luke Torian, chairs of the Appropriations Committees in their respective chambers, the League outlined its support of the following:

• Unemployment Trust Fund – The League supports the use of an estimated $1.3 billion of federal emergency aid to replenish the state’s unemployment trust fund. 
• Department of Housing and Community Development (CDFIs) – We applaud the $10 million allocation in the biennial budget that establishes a Virginia Community Financial Institutions (CDFI) Fund.  We understand the one-time appropriation is primarily intended for commercial purposes focusing on small businesses.  There are 6 CDFI credit unions in Virginia of which the majority can benefit from additional CDFI funds or reallocated funds geared toward consumer lending such as affordable housing and transportation.
• Broadband – The League supports the Commonwealth Connect Coalition and believes access to broadband is essential for economic development, quality health care, and educational opportunity.  Credit unions and their members will benefit from universal broadband access.

Read the letter