WASHINGTON—NAFCU has added half-a-dozen lawmakers who it says champion credit union issues to its lineup of speakers for its Congressional Caucus, Sept. 11-14 in Washington.
The latest additions to Caucus are:
- House Financial Services Committee Chairman Jeb Hensarling (R-TX): Hensarling has been the lead on House efforts to revise numerous Dodd-Frank Act provisions, and was instrumental in the bipartisan passage of the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155). Recently, Hensarling's leadership led to House passage in July of his bill, the JOBS and Investor Confidence Act (JOBS 3.0), which includes a two-year delay of the NCUA's risk-based capital (RBC) rule.
- House Democratic Whip Steny Hoyer (D-MD): As the second-ranking member of House Democratic leadership, Hoyer is a key influencer on Capitol Hill and is known as a consensus-builder, NAFCU said. Hoyer has experience serving on the House Appropriations Committee, which ensures funding for critical programs used by credit unions, such as the NCUA's Community Development Revolving Loan Fund and Treasury's Community Development Financial Institutions (CDFI) Fund.
- House Financial Services Committee Vice Ranking Member Dan Kildee (D-MI): Within the House Financial Services Committee, Kildee also serves on subcommittees that deal with important credit union issues related to housing finance, illicit finance and monetary policy. In July, he voted in favor of the JOBS 3.0 bill, which awaits Senate action.
- House Foreign Affairs Committee Chairman Ed Royce (R-CA): Royce is also a senior member of the House Financial Services Committee and is a long-time champion of credit union issues. He was a chief sponsor of the Credit Union Residential Loan Parity Act (H.R. 389) in the current Congress, which was enacted into law as part of S. 2155.
- Rep. Denny Heck (D-WA): Heck, along with Rep. Bill Posey (R-FL), is responsible for crafting language to delay the NCUA's RBC rule by two years, which has now passed the House three times. Heck is a member of the House Financial Services and Intelligence Committees.
- Rep. Ed Perlmutter (D-CO): Perlmutter serves on the House Financial Services and Science, Space, and Technology Committees. He is the Democratic sponsor of legislation that would require the Bureau of Consumer Financial Protection to issue timely guidance on its rules in order to facilitate industry compliance and better protect consumers.
NAFCU’s Congressional Caucus is open to both members and nonmembers; registration is still open.