Senate Acts To Recognize 2012 as Year of Co-ops Posted by AVCU on 1:26 PM

Yesterday, the United States Senate voted unanimously to recognize 2012 as the International Year of Cooperatives by resolution. 

The United Nations designated 2012 as the International Year of Cooperatives (IYC) in order to recognize the role cooperatives play in social and economic development.  The theme "Cooperative Enterprise Builds a Better World" reflects the valuable contribution cooperatives make. The National Cooperative Business Association, the Association of Vermont Credit Unions and others have been urging Congress and the Obama Administration to recognize the Year. 

Efforts have paid off as the Senate Resolution introduced by Thad Cochran (R-Miss.) and Tim Johnson (D-SD) - was passed unanimously yesterday.  The Resolution enjoyed bi-partisan support as cooperative enterprise knows no party, and the social and economic benefits of the model know no boundaries.

Read the press release issued by NCBA here.