WASHINGTON (12/8/15)--Closely on the heels of last week’s victory on the credit union regulatory relief front, CUNA is monitoring progress of the federal government appropriations bill this week to identify more advocacy wins. The conference committee report is expected this week, and votes are expected before funding for the federal government runs out at midnight Friday.
The Senate-passed version of the bill contains the Financial Regulatory Improvement Act of 2015 (S. 1484), which was introduced by Sen. Richard Shelby (R-Ala.), chair of the Senate Banking Committee. The committee passed the bill in May.
Shelby’s bill contains regulatory relief provisions that would:
The House passed version of the bill contains a CUNA-backed provision that would fund the CFPB through the appropriations process.
Other items CUNA will be monitoring this week in Congress include: