The U.S. House Financial Services will mark up a number of bills Wednesday, including the CUNA-supported Senior$afe Act of 2016. CUNA will also be monitoring the Senate Appropriations Committee and subcommittee markups of the financial services and general government (FSGG) subcommittee’s markup of its draft appropriations bill for fiscal year 2017.
The Senior$safe Act (H.R. 4538), introduced by Reps. Kyrsten Sinema (D-Ariz.) and Bruce Poliquin (R-Maine), would provide legal immunity for financial services employees who disclosed concerns about elder financial abuse.
CUNA wrote in support of the bill last week, saying that the member-credit union relationship often puts credit union employees in a key position to detect suspicious activities, but can be constrained from reporting suspicions by various privacy laws.
The bill has a Senate companion, S. 2216, introduced by Sen. Susan Collins (R-Maine). Collins met with Maine credit unions before to hear feedback on elder financial abuse before introducing the bill.
The markup is scheduled to begin Wednesday at 10 a.m. (ET), and will be streamed online.
Also on Wednesday, starting at 10 a.m. (ET), the Senate Appropriations FSGG subcommittee will mark up its draft appropriations bill.
The House FSGG bill passed the House Appropriations Committee last week. It contains a number of CUNA-supported provisions, including ones that would change the leadership and finding structure for the Consumer Financial Protection Bureau (CFPB).
On Thursday, starting at 10:30 a.m. (ET), the Senate Appropriations Committee will mark up the FSGG bill, as well as the interior appropriations bill.
An audio-only stream of the markups will be available on the committee’s website.