WASHINGTON—As members of the House return to their districts, lawmakers in the Senate are expected to vote on the two-year $1.37 trillion budget deal that would also suspend the debt ceiling to July 2021 before heading home for the August recess.
CUNA Deputy Chief Advocacy Officer Eli Joseph said the trade association is focused on two things.
“With the August recess fast approaching—House representatives have already returned to their districts, and the Senate will soon follow suit—Congress won’t return until Sept 2. But CUNA this week will be engaging with the Senate Committee on Banking, Housing, and Urban Affairs as they hold their hearing on examining regulatory frameworksfor cryptocurrencies andblockchain.”
When the Senate recesses at the end of the week, Joseph added, “CUNA and the leagues will be engaging with members of Congress in their home states and districts. We will be sharing the credit union difference as well as other key policy priorities for credit unions.”
Deadline is Wednesday
Meanwhile, the initial enrollment period for the Social Security Administration's database to verify an individual's social security number will close on Wednesday. NAFCU said it is encouraging credit unions to apply for access before the deadline as the next enrollment period could be two years away, according to the agency.
Also happening this week in Washington:
- Today, the Senate Committee on Banking, Housing, and Urban affairs will meet to examine regulatory frameworks for digital currencies and blockchain
- Today, NAFCU will host a webinar to provide credit unions with an update on regulatory, legislative, and compliance challenges