WASHINGTON (1/12/16)--Both houses of the U.S. Congress are in the nation’s capital this week for the first time in 2016, with several hearings and President Barack Obama’s final State of the Union address on the schedule.
The address is scheduled to begin at 9 p.m. (ET), and per the White House, will touch on topics that include economic progress, acting on climate, world engagement, health care reform and more.
The Senate is back in session this week, and is expected to conduct a cloture vote on a motion to process to S. 2322, legislation that would provide for an audit of the Federal Reserve.
Also today, the House Financial Services subcommittee on housing and insurance will conduct a hearing titled “Opportunities and Challenges Facing the National Flood Insurance Program,” starting at 10 a.m. (ET). On Wednesday, the subcommittee will host another hearing starting at 9:15 a.m. (ET)--this one titled “How to Create a More Robust and Private Flood Insurance Marketplace.”
See News Now’s previous coverage of those hearings for more information.
Elsewhere on the advocacy front, the Credit Union National Association continues to push credit union stakeholders to comment on the National Credit Union Administration’s field-of-membership proposal. Comments are due Feb. 8.
“So far, the response has been very good: more than 1,100 comment letters have been filed, mostly by individuals in support of the proposal. But we need to keep this up,” said Ryan Donovan, CUNA’s chief advocacy officer. “In the coming weeks, we hope more credit unions will file substantive comments on the proposal, and we anticipate having our comment letter filed before the end of the month.”