WASHINGTON–NAFCU is welcoming several of pieces of legislation announced last week, saying the bipartisan support is a good sign even if none of the bills pass Congress this year. That support only adds to the likelihood of passage in the next Congress or for the addition of provisions within the bills to be attached to other legislation.
As CUToday.info reported here, during CUNA’s GAC last week members of Congress announced a quartet of legislation sought by credit unions, including the Board Governance Modernization Act; a Senate Bill that would raise federal credit union loan maturity limits on non-mortgage loans from 15 to 20 years; the Credit Union Fairness Act, and the Credit Union Governance Modernization Act
NAFCU’s Brad Thaler, VP-legislative affairs, noted NAFCU has been working with a number of members of Congress on several of the bills for some time. “The support keeps the bills in the mix,” said Thaler. “Anything that passes in the current environment is a positive step.”
Hearing Schedule
Also in Washington this week are a number of congressional hearings being watched by credit unions. Both the House and the Senate are in session:
Tuesday
- House Ways and Means Committee: Proposed Fiscal Year 2021 Budget With Treasury Secretary Steve Mnuchin
- House Appropriations Committee hearing on U.S. Agency for International Development Budget Request for FY 2021
Wednesday
- House Appropriations Committee hearing on Treasury Department budget request for FY 2021
- House Financial Services Committee: Drivers of Discrimination: An Examination of Unfair Premiums, Practices and Polices in the Auto Insurance Industry
- Appropriations, Dept. of Treasury budget request for FY 2021
Thursday
- Senate Banking Committee hearing on “Threats Posed by State-Owned and State-Supported Enterprises to Public Transportation”
Friday
- House Financial Services Committee Field Hearing: Modern-Day Redlining: the Burden on Underbanked and Excluded Communities in New York