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Nevada Credit Unions See Wins & Victories Throughout 2023

The Nevada Credit Union League is proud to present the 2023 Nevada State Recap! The League would like to thank all credit union leaders from the state who attended the Nevada Government Relations Rally in February, as well as those who served on the League’s Government Relations Committee.

“With your support, we look forward to building upon these victories,” said Robert Wilson, senior vice president of state government affairs for the League. “THANK YOU to everyone who participated in making this year successful.”

For more information, email Robert Wilson.

82nd NV State Session Recap
The 82nd session of the Nevada State Legislature ended on June 5, 2023, with two special sessions following in the days immediately after. There were almost 1,100 measures introduced over the course of the 120-day session.

Exactly 611 bills passed both houses (assembly and senate). Governor Joe Lombardo signed 536 bills and vetoed a record-breaking 75.

Democratic majorities in both houses (with a super majority in the assembly), a first term/first session Republican governor, and an unprecedented budget surplus led to interesting dynamics and negotiations, especially in the final days of session.

The new Republican governor brought a new landscape to state politics. The democrat-led legislature would need to work to gain the Republican governor’s support, a change from two sessions prior under former Democrat Governor Steve Sisolak. The League always maintains strong relationships on both sides of the political aisle; however, there was at least one priority of Sisolak’s administration that the League opposed, which was the expansion of Property Assessed Clean Energy (PACE) to residential properties. In 2023, that issue was avoided.

Following his inauguration, Lombardo announced that he would reduce regulations, and he issued executive orders asking his agencies and licensing boards to eliminate unnecessary and burdensome regulations. The League has a strong relationship with the Nevada Financial Institutions Division and is well-positioned to ensure that any regulatory changes positively impact credit unions.

This report contains an overview of actions the League and the Ferrari Reeder lobbying consultant team took to protect and promote the interests of the industry. Bill topics include financial literacy, data privacy, financial abuse of senior citizens, and many others. During the 120-day session, the League remained in constant communication with the league’s Government Relations Committee to discuss contents of legislation and strategize on how to address challenges, and to support positive measures. As anyone will see, these efforts proved successful for the Nevada League!

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