WASHINGTON–With Congress back in session this week, credit unions are paying attention to a number of pieces of legislation, as well as several hearings in both the House and Senate.
A key focus remains onS 2155, the reg relief bill that has passed both the House and Senate and is now back before the House as members seek ways to reconcile the two bills in a way that won’t jeopardize passage. Members of both the House and Senate have expressed opposition to any significant changes being made, which has stalled Congress.
Meanwhile, CUNA’s chief advocacy officer, Ryan Donovan, said it is also watching progress on HR 4293, the Stress Test Improvement Act of 2017; HR 4061, the Financial Stability Oversight Council Improvement Act of 2017; and the Volcker Rule Regulatory Harmonization Act.
Discussion in the House will also turn to House Joint Resolution 2, which proposed a balanced budget amendment to the Constitution of the United States.
Also in Washington this week:
- On Wednesday and Thursday, the Senate and House Budget Committees, respectively, will review the Congressional Budget Office's budget and economic outlook
- On Thursday, the House Financial Services Subcommittee on Oversight and Investigations will hold an oversight hearing of the Federal Housing Finance Agency
- On Thursday, the House Small Business Subcommittee on Investigations, Oversight, and Regulations will examine the role small businesses play in community development
- On Thursday, the House Ways and Means Committee will hear the local perspectives on the jobs gap
- On Thursday, the Senate Finance Committee will look into the 2018 tax filing season and future challenges facing the Internal Revenue Service
- NAFCU noted that the House and Senate Appropriations Committees are reviewing various federal government departments' fiscal 2019 budgets throughout the week
NAFCU will also be hosting several webinars this week. Today, NAFCU will host a webinar titled "Lender Pitfalls in Bankruptcy Practice." The webinar will detail the changing bankruptcy landscape, including significant changes to the CFPB's Mortgage Servicing Rule, updates in federal rules and evolving case law. Learn more and register for access to the webinar here.
On Thursday, the NAFCU webinar "Preparing for the NCVE Exam" will boost credit union volunteer directors' confidence and expertise as they prepare to become a NAFCU Certified Volunteer Expert (NCVE), according to the association. The webinar will cover regulatory concerns, leadership tips and the benefits of becoming an NCVE. The webinar is free, but registration is required.