WASHINGTON–Both the House and Senate are in session this week, but the already tight schedule in the lame duck session is being altered following the death of former President George H.W. Bush.
The federal government is closing on Wednesday to honor the president, which will delay numerous hearings on Capitol Hill, including several in which credit unions are interested.
Most significantly, the status of the continuing resolution that is currently funding the federal government remains in flux. President Trump has threatened a government shutdown if he doesn’t get additional funding for the border wall. A one week extension of funding for the National Flood Insurance Program is also set to expire.
The delay will also affect the nomination of Kathy Kraninger to lead the Bureau of Consumer Financial Protection, as she awaits a full Senate vote.
Hearings & Meetings
Hearings that will need to be rescheduled include, on Wednesday:
- Senate Banking Committee hearing on oversight of pilot programs at Fannie Mae and Freddie Mac
- House Judiciary Committee hearing on “Transparency and Accountability: Examining Google and Its Data Collection, Use and Filtering Practices”
- Joint Economic Committee hearing on “The Economic Outlook with Federal Reserve Chairman Jerome H. Powell”
- House Financial Services Committee hearing on “The National Debt: Washington, We Have a Problem”
On Thursday, the Senate Banking, Housing and Urban Affairs Committee has a hearing scheduled on “Proxy Process and Rules: Examining Current Practices and Potential Changes,” while the House Financial Services Committee is supposed to host a hearing on sustainable housing finance reform.
CUNA also said its staff will be meeting this week with the Department of Labor’s Office of Public Liaison to discuss credit unions’ impact on the overall job market, and will also be participating in meetings with the Department of Justice and other agencies on the Americans With Disabilities Act (ADA).
On Thursday, the BCFP’s CU Advisory Council is set to meet via a teleconference to discuss artificial intelligence and consumer financial services, as well as consumer access to financial records.