WASHINGTON—The House will likely finalize its 2018 financial services and general government spending package within the next two weeks, according to CUNA.
As CUToday.info reported, the package, reported favorably out of committee last Thursday on a vote of 31-21.
Noting that the spending package provides full funding for the Community Development Revolving Loan Fund and $109 million for the Community Development Financial Institutions Fund—lower than the current CDFI funding level—CUNA Deputy Chief Advocacy Officer Eli Joseph said he expects the appropriations bill will make its way out of the House before the August recess. He also noted that progress had been made on legislation that would install a five-person board at the CFPB as well as efforts to eliminate a proposal to place the NCUA under the appropriations process.
“But more work needs to be done on both items,” Joseph said.