WASHINGTON—With the House and Senate in recess this week, the focus among credit union trade groups is on NCUA’s board meeting Thursday.
CUNA’s Jason Stverak, deputy chief advocacy officer that even when Congress returns to town next week, the agendas will be largely focused on foreign affairs, including the potential for a Russian invasion of Ukraine. Stverak said that development may likely push back other agenda items, including those of interest to credit unions.
Congressional movement on the nomination of current NCUA Board Chairman Todd Harper to another term, which advanced to the full Senate by the Senate Banking Committee in a 17-7 bipartisan vote last week, is not expected this week due to the recess.
During its open meeting Thursday the NCUA board will hear a proposal on succession planning in Congress, as well as receive updates on the effects of the expiration of the CARES and Consolidated Appropriations Acts.
“We continue to call on Congress to make these changes permanent,” said Stverak. “We will see what the board Thursday has to say in their discussion regarding the expirations of these enhancements.”