WASHINGTON—Any potential changes to national flood insurance policy that Congress might make this week will have the scrutiny of both CUNA and NAFCU this week.
Also on tap in Congress: Credit unions testifying on the challenges facing start-up credit unions.
“On Tuesday the Senate Banking Committee will hold a full committee hearing on the reauthorization of the National Flood Insurance program. This is the first in a series of hearings on flood insurance reauthorization,” explained CUNA Chief Advocacy Officer Ryan Donovan.
On Wednesday, Ken Krueger, CEO of Lutheran Federal Credit Union in St. Louis, will deliver testimony for NAFCU on challenges facing new financial institution start-ups during a House Financial Services subcommittee hearing chaired by Rep. Blaine Luetkemeyer (R-MO).
The hearing, by the Subcommittee on Financial Institutions and Consumer Credit, is titled Ending the De Novo Drought: Examining the Application Process for De Novo Financial Institutions. The hearing is slated to begin at 2 p.m. ET. Krueger will testify alongside banking industry witnesses.
In other hearings this week:
- The House Financial Services Subcommittee on Capital Markets, Securities, and Investments will review the JOBS Act – examining its impact and noting the competitiveness of the U.S. capital markets at 10 a.m. ET Wednesday.
- Also on Wednesday, the Senate Small Business and Entrepreneurship Committee will examine how small businesses confront and shape regulations at 3 p.m. ET.
- On Thursday, the House Financial Services Subcommittee on Monetary Policy and Trade will review sound monetary policy at 10 a.m. Eastern. Also on Thursday, the House Financial Services Subcommittee on Housing and Insurance plans to review the community perspective on flood insurance reform during a hearing at 2 p.m. ET.