WASHINGTON–The House and the Senate are back in session this week and while credit union attention remains on S 2155, the reg relief bill, Congress will be spending much of its time in the week ahead on a variety of hearings.
Ryan Donovan, chief advocacy officer with CUNA, said the trade group remains optimistic the Economic, Growth, Regulatory Relief and Consumer Protection Act will be considered before Memorial Day.
The Senate will be holding hearings on judicial, nominations, as well as hearings for positions at HUD, the Commerce Department and the FTC, while the House will be spending time on the farm bill.
NAFCU will also be hosting a series of webinars this week (see below).
On the Washington agenda this week:
- Today, NAFCU Director of Regulatory Affairs Alexander Monterrubio and Regulatory Affairs Counsel Kaley Schafer will attend the Federal Trade Commission's Military Consumer Partner meeting.
- Today, the Senate Banking Committee will consider the nominations of Columbia University economist Richard Clarida and Kansas State Bank Commissioner Michelle Bowman to serve on the Federal Reserve Board.
- Today, the Senate Commerce subcommittee will hold a hearing on trends in mobile technologies.
- Today, the Senate Small Business Committee will receive an update from the Small Business Administration.
- On Wednesday, a House Financial Services subcommittee will hold a hearing on implementing the Financial Crimes Enforcement Network's (FinCEN) customer due diligence rule.
- On Wednesday, a House Education subcommittee will hold a hearing on ways to modernize retirement plan administration.
- On Wednesday, the House Ways and Means Committee is holding a hearing on the implementation of tax reform.
- On Wednesday, NCUA will host a webinar to explain the benefits of Community Development Financial Institution (CDFI) certification.
- Thursday, a House Ways and Means subcommittee will hold a hearing on the future of Social Security Numbers as personal identifiers.
NAFCU reminded it will be hosting four webinars happening this week on credit union board ethics, combating fraud, building a cyber defense program and customer identification programs.