WASHINGTON–In what Ryan Donovan, CUNA chief advocacy officer described as “really the first regular week of sessions” in the new Congress, numerous hearings and legislation of interest to credit unions are on this week’s agenda.
Atop the activity being watched is debate around the American Rescue Plan, the $1.9-trillion stimulus package backed by the Biden administration and Democrats in Congress (see related story).
But beyond the huge stimulus bill and several hearings related to Biden administration nominations for certain positions, a number of other hearings are taking place on Capitol Hill this week that credit unions will be monitoring, according to Donovan. Among them:
Today
- The Senate Committee on Banking, Housing and Urban Affairs will hear the Semiannual Monetary Policy Report to Congress from Federal Reserve Chairman Jay Powell.
- House Committee on Appropriations hearing: Oversight of the Internal Revenue Service
Wednesday
- House Financial Services Committee will hear the Semiannual Monetary Policy Report to Congress from Federal Reserve Chairman Jay Powell
- House Committee on Appropriations hearing on “Health and Wellness of Employees and State of Damage and Preservation as a Result of the January 6 Insurrection”
- House Committee on Oversight & Reform: “Legislative Proposals to Put the Postal Service on Sustainable Financial Footing”
- House Committee on Financial Services hearing, “How Invidious Discrimination Works and Hurts: An Examination of Lending Discrimination and Its Long-term Economic Impacts on Borrowers of Color”
Thursday
- The Senate Committee on Banking, Housing and Urban Affairs hearing on “The Coronavirus Crisis: Next Steps for Rebuilding Main Street”
- House Financial Services Committee Subcommittee on National Security, International Development and Monetary Policy hearing on “Dollars Against Democracy: Domestic Terrorist Financing in the Aftermath of Insurrection”
- House Committee on Financial Services hearing, “Virtual Hearing - Climate Change and Social Responsibility: Helping Corporate Boards and Investors Make Decisions for a Sustainable World”