WASHINGTON—Havng just scored a victory on one bill, credit unions are now watching numerous other hearings and pieces of legislation Congress, in addition to an NCUA board meeting later this week.
As CUToday.info has reported separately, a conference committee has removed language in the final version of the National Defense Authorization Act that would have given banks the same access to military bases as credit unions currently have. That issue had been a priority of the credit union trade groups.
But beyond the NDAA, Congress is in session working to finish various bills before the end of the year, including a dozen spending bills before current government funding expires Dec. 20.
In addition, the NCUA board and Federal Open Market Committee this week hold their last meetings of the year.
CUNA Deputy Chief Advocacy Officer Eli Joseph said the trade association will be watching for that final language, as well as paying close attention to the Senate Committee on Banking, Housing, and Urban Affairs hearing on the oversight of securities and Exchange Commission, as well as tracking HR 1731, the Cybersecurity Disclosure Act of 2019.
The DC Agenda
Also happening in Washington this week:
- Today, the House Financial Services Committee begins a markup of nine bills that cover issues including cybersecurity, mortgage access, student lending, credit scores, and minority depository institutions. Also, the House Small Business Committee will review the Small Business Administration's (SBA) 504/Certified Development Company (CDC) program. The SBA last week finalized a rule to streamline CDC corporate governance requirements, which NAFCU supported as it will bolster credit unions' 504 lending to members.
- Wednesday, the House Agriculture Committee will hear from agricultural lenders as it reviews credit conditions. The Senate Commerce Committee will mark up more than a dozen bills, including one related to robocalls. The Senate Small Business Committee will consider the nomination of Jovita Carranza to be SBA administrator.