Comment from California and Nevada Credit Union Leagues
California and Nevada Credit Union LeaguesSupportAdvocacy
Summary: The California and Nevada Credit Union Leagues support the creation of Trump accounts and the proposed rulemaking to implement them. They argue that credit unions are well-positioned to serve as trustees and request specific clarifications to ensure operational feasibility, such as recognizing credit union capital structures and allowing for streamlined rollover procedures.
Attached please find the California and Nevada Credit Union Leagues' comment letter re: the proposed Trump Accounts (IRS – REG-117270-25). We appreciate the opportunity to comment on this matter and for considering our views.