This week will be a busy one on Capitol Hill, as both chambers are in session for a number of votes, markups and hearings. CUNA is most notably engaged with House consideration of the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155), which is expected to see a House vote as early as Tuesday.
CUNA President/CEO Jim Nussle has called on credit unions to make sure they urge their members of Congress to support S. 2155, as every vote is essential to moving the bill forward, and will help with additional regulatory relief opportunities down the road.
CUNA is also engaged with a House Financial Services Committee markup scheduled for Tuesday, starting at 10 a.m. (ET). Among the bills being marked up is the Foreign Investment Risk Review Modernization Act of 2018 (H.R. 5841).
H.R. 5841 has a provision that would delay implementation of NCUA’s risk-based capital rule to January 2021, two years past the currently scheduled January 2019 effective date.
Other events CUNA is engaged this week in Congress include: