WASHINGTON–Both the House and the Senate are back in session this week, but there is little on the agenda that is of direct interest to credit unions outside of potential action on the National Defense Authorization Act (NDAA). Action on additional stimulus or relief for Americans appears to be in limbo.
The NDAA has been a priority for credit unions in every recent session of Congress, as it often includes language pertaining to bank access to leases on military bases. The same is true in the current bill; the Senate version includes the language, the House version does not.
Away from the NDAA, the Senate will primarily be focused on judicial nominees, while the House deals with some other smaller bills.
CUNA’s chief advocacy officer, Ryan Donovan, said there are three committee hearings the trade group will be giving attention this week:
- Today in the Senate Banking Committee a hearing is scheduled on oversight of the SEC.
- On Thursday, a House Financial Services Committee subcommittee will hold a virtual hearing titled, “Insuring Against a Pandemic: Challenges and Solutions for Policyholders and Insurers.”
- On Friday, a House Ways & Means Committee subcommittee will hold a hearing on oversight of the IRS.
Donovan said CUNA will also be watching the leadership elections in the House among both parties, but added no surprises are expected.