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Statement of ABA President Re: Credit Union Share Insurance Fund Parity Act passage

Statement of ABA President Re: Credit Union Share Insurance Fund Parity Act passage

By John Glynn

WASHINGTON, May 7, 2014 — Access to justice is a cornerstone of our society. Yet for too many struggling Americans, lack of legal counsel in civil cases is a barrier to the courtroom. The Credit Union Share Insurance Fund Parity Act, which received bipartisan approval from the House of Representatives yesterday, will provide critical financial safeguards to credit union-held Interest on Lawyers Trust Accounts, which fund the delivery of civil legal services to millions of families in conflict, elderly Americans and disaster survivors rebuilding their lives.

The American Bar Association thanks the members of the House of Representatives — including Reps. Ed Royce, Gary Miller, Ed Perlmutter, Gary Peters, Brad Sherman and House Financial Services Committee Chairman Jeb Hensarling — for their swift approval of the Credit Union Share Insurance Fund Parity Act.

The ABA looks forward to working with the Senate to move this much-needed legislation to President Obama’s desk.

(Media contact: Robert.Boisseau@americanbar.org)

Please click here for a biography and photo of James R. Silkenat, president of the American Bar Association.

 

With nearly 400,000 members, the American Bar Association is one of the largest voluntary professional membership organizations in the world. As the national voice of the legal profession, the ABA works to improve the administration of justice, promotes programs that assist lawyers and judges in their work, accredits law schools, provides continuing legal education, and works to build public understanding around the world of the importance of the rule of law. View our privacy statement online. Follow the latest ABA news at www.ambar.org/news and on Twitter @ABANews.

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