WASHINGTON, June 17 -- Sen. Catherine Cortez Masto issued the following press release:
Today, U.S. Senators Catherine Cortez Masto (D-Nev.) and Bernie Moreno (R-Ohio) introduced bipartisan legislation to make it easier for credit unions to choose private insurance over federal insurance. The Private Insurance Parity Act would allow credit unions merge with or convert to a privately insured institution if a simple majority of its voting members approve of the action.
"Credit unions help hundreds of thousands of Nevadans grow their savings, buy their homes, and build their credit," said Senator Cortez Masto. "Private insurance gives these credit unions the flexibility to serve more customers. This commonsense fix will make it easier for our...