WASHINGTON—NAFCU has added two more lawmakers to its lineup of speakers for its upcoming Congressional Caucus, Sept. 11-14 in Washington.
Attendees will hear from House Small Business Committee Chairman Steve Chabot (R-OH) and Sen. John Kennedy (R-LA).
Chabot's bill to strengthen the Small Business Administration's (SBA) 7(a) loan program was signed into law in June. A NAFCU witness testified in support of the Small Business 7(a) Lending Oversight Reform Act (H.R. 4743) before Chabot's committee in January.
Kennedy last year introduced a NAFCU-backed bill that would exempt financial institutions with less than $10 billion in assets from the Dodd-Frank Act. When introducing the bill, he noted that credit unions were "not responsible for the 2008 financial crisis." Kennedy serves on the Senate Banking and Senate Appropriations Committees.
Both lawmakers were also supportive of the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155), which was signed into law earlier this year and provided credit unions with much-needed Home Mortgage Disclosure Act and member business lending relief, NAFCU noted.
Caucus is NAFCU's premiere lobbying event of the year and allows credit unions to meet face to face with lawmakers and regulators on industry-specific issues. This year's event will be headlined by Bob Woodward, who broke the Watergate scandal and is a two-time Pulitzer Prize-winning journalist and associate editor of the Washington Post, and Major Garrett, CBS News' chief White House correspondent.
NAFCU's Congressional Caucus is open to both members and nonmembers; registration is still open.