WASHINGTON–With a short week in Washington and the July 4 recess approaching, credit unions’ attention will primarily be on Capitol Hill hearings this week.
While not directly related to credit unions, CUNA’s chief advocacy officer for federal government affairs, Jason Stverak, noted the Senate Banking Committee will be marking up the FEND Off Fentanyl Act and one other piece of legislation beginning today, the first such mark-up by the committee since 2017.
“We’re looking forward to their continued commitment to getting back to regular order,” said Stverak, a reference to following strict processes for moving legislation.
NAFCU VP-Legislative Affairs Brad Thaler pointed out the mark-up deserves attention for another reason, as Senate Banking Committee rules allow for just about any topic under the purview of the committee to be added as an amendment, and more than 50 such amendments have been filed to date.
Meanwhile, Stverak said CUNA will also be watching these hearings:
Today
- House Financial Services Committee: The Federal Reserve’s Semi-Annual Monetary Policy Report
- House Financial Services Committee: HUD Oversight: Testimony of the HUD Inspector General
- Senate Committee on Armed Services: Markup of the National Defense Authorization Act for Fiscal Year 2024
Thursday
- Senate Banking Committee: The Semiannual Monetary Policy Report from the Federal Reserve to Congress
- House Financial Services Committee: Oversight of the SEC
- House Financial Services Committee: Oversight of the SECs Division of Trading & Markets
- Senate Committee on Commerce, Science & Transportation: Nomination Hearings: FCC
- Senate Committee on Armed Services: Markup of the National Defense Authorization Act for Fiscal Year 2024
Watching the EPA
In addition, NAFCU VP-Regulatory Affairs Ann Petrossaid the association is anticipating the EPA will release its notice of funding opportunity sometime soon related to its new Greenhouse Gas Reduction Fund. Credit unions and their partners will then be able to apply.
Feeling the FOMO? CUToday.info Has a Prescription
Are you missing out on the latest news in credit unions? Missing the trends and developments you need to be aware of? We can help. Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more.
And it’s free!
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com