WASHINGTON (6/3/14)--The House of Representatives is in recess this week, while the Senate returns to session after its Memorial Day District Work Break.
The Senate Banking Committee will hold two meetings this week: a full committee markup of S. 2244, the Terrorism Risk Insurance Program Reauthorization Act of 2014 scheduled for today, and a subcommittee hearing called "Student Loan Servicing: The Borrower's Experience" Wednesday.
S. 2244 would extend the Terrorism Risk Insurance Program established under the Terrorism Insurance Act of 2002 to Dec. 31, 2021, which is a seven-year extension past the original termination date of Dec. 31, 2014.
The Senate will also debate several nominations this week, including Sylvia Mathews Burwell for Secretary of Health and Human Services and Sharon Bowen for Commissioner of the Commodity Futures Trading Commission.
The Credit Union National Association will monitor the Senate floor this week in the event that it proceeds with the consideration of J. Mark McWatters to be a member of the National Credit Union Administration board.
The House Financial Services Committee has delayed a markup of 13 bills originally scheduled for last week. CUNA previously sent a letter in support of three of those bills which are awaiting markup: H.R. 3770, the CFPB-IG Act of 2013; H.R. 4262, the Bureau Advisory Commission Transparency Act; and H.R. 4383, the Bureau of Consumer Financial Protection Small Business Advisory Board Act.
Ryan Donovan, senior vice president for legislative affairs for CUNA, said the association will review the remaining bills before the mark-up to determine whether or not they will weigh in. The markup is expected to resume next week.