With both chambers of Congress back in Washington, D.C. this week, CUNA is heavily engaged with activities this week while looking ahead to proposals to fund the government past Sept. 30. CUNA Chief Advocacy Officer Ryan Donovan said CUNA is paying particularly close attention to the appropriations legislation on the floor this week, a large bill that includes 8 appropriations, including the financial services and general government (FSGG) appropriations bill.
“The key things we’re looking at and paying attention to is funding levels for [Treasury’s] community Development Financial Institutions Fund, [NCUA’s] Community Development Revolving Loan Fund, regulatory relief provisions included in committee’s markup of FSGG and then the CUNA-opposed language that would subject NCUA to appropriations,” Donovan said. “We’ll be working with members of the House as they proceed through this legislation to ensure the things we support remain in the bill.”
CUNA expects the Senate Appropriations FSGG subcommittee to pass its fiscal year 2018 spending bill next week, and the full committee is expected to pass the bill next week as week.
In addition, CUNA will send a letter for the record for a House Financial Services subcommittee on financial institutions and consumer credit hearing Thursday. Titled “Legislative Proposals for a More Efficient Federal Financial Regulatory Regime,” the hearing will address several CUNA-supported pieces of legislation.
The hearing is scheduled to start at 10 a.m. (ET), Thursday, and will be streamed live on the committee’s website.
Other hearings CUNA is engaged with this week include:
Additional details about this week in Congress can be found on CUNA’s Removing Barriers Blog.