This week in Congress: NCUA to bring regulator view to House hearing on burden
April 20, 2015
WASHINGTON (4/21/15)--A U.S. House subcommittee hearing on regulatory burden from a regulator's perspective highlights activities in Congress this week.
On Thursday, the House Financial Services subcommittee on financial institutions and consumer credit will conduct a hearing with a number of witnesses from federal regulatory agencies, including the National Credit Union Administration.
Larry Fazio, director of the NCUA's Office of Examination and Insurance, has been confirmed as a witness. The subcommittee has not released the full witness list for the hearing, set for 9:15 a.m. (ET) Thursday.
CUNA will also be monitoring the following hearings this week:
Today and Thursday, 10 a.m. (ET): Senate Banking Committee, "Surface Transportation Reauthorization: Building on the Success of MAP-21 to Deliver Safe, Efficient and Effective Public Transportation Services and Projects." Transportation officials and other stakeholders will speak;
Wednesday, 10 a.m. (ET): House Financial Services Committee task force to investigate terrorism financing, "A Survey of Global Terrorism and Terrorist Financing;"
Wednesday, 11 a.m. (ET): House Small Business Committee, "Small Business Big Threat, Protecting Small Businesses from Cyberattacks;" and
Thursday, 2 p.m. (ET): Senate Finance Committee, hearing to consider departments of the Treasury and Health and Human Services nominations.
The House will also consider a number of bills this week, including three of interest to CUNA:
The Bureau of Consumer Financial Protection Advisory Board Act (H.R. 1195), which would codify the bureau's Credit Union Advisory Council and create a small business panel. CUNA supports this bill;
Protecting Cyber Networks Act (H.R. 1560), which would enable private companies to share cyberthreat indicators with each other, and with the federal government, although on a voluntary basis, and not through the National Security Agency or Department of Defense; and
National Cybersecurity Protection Advancement Act of 2015 (H.R. 1731), which would amend the Homeland Security Act of 2002 to enhance information sharing and strengthen privacy protections.