CUNA will be heavily engaged with a Senate Banking Committee hearing Tuesday on ways to increase consumer access to capital, the first Senate hearing on regulatory relief proposals following the enactment of S. 2155. Titled, “Legislative Proposals to Increase Access to Capital,” the hearing is scheduled to begin at 10 a.m. (ET) Tuesday and will be streamed live on the committee’s website.
Congressional leaders have said they will work on additional bipartisan regulatory relief legislation following S. 2155. House Financial Services Committee Chairman Rep. Jeb Hensarling (R-Texas) said in May he hoped to get “pro-growth” legislation to the desk of President Donald Trump this year, Hensarling’s last term in Congress.
The House is also expected to consider the CUNA-supported Foreign Investment Risk Review Modernization Act of 2018 (H.R. 5841). The bill contains a provision to delay implementation of NCUA’s risk-based capital rule by two years, to Jan. 1, 2021.
Other hearings CUNA is engaged with this week include: