The CUNA Advocacy Team is busy in both the House and Senate as both chambers are in session this week.
The House of Representatives will consider H.R. 6147, the “Interior, Environment, Financial Services, and General Government Appropriations Act, 2019.”
This is an appropriations bill, which sets overall spending limits by agency or program, typically for a single fiscal year.
Included in the bill is Financial Services and General Government (FSGG) Appropriations bill, H.R. 6258, which was passed by House Appropriations Committee passed by on June 13. CUNA wrote a letter supporting the bill as it contains several provisions that provide regulatory relief for credit unions.
The House will also consider H.Con.Res. 119, a resolution “Expressing the sense of Congress that a carbon tax would be detrimental to the United States economy.” Of interest to credit unions is HR 5288, the Credit Union Common Sense Relief Act, which would delay to 2021 the National Credit Union Administration risk-based capital rule.
The Senate will resume consideration of the nomination of Scott Stump to be Assistant Secretary for Career, Technical, and Adult Education, Department of Education.
Last week, Senate Majority Leader Mitch McConnell (R-KY) filed cloture on the nominations of Randal Quarles to be a Member of the Board of Governors of the Federal Reserve. If cloture is invoked on his nomination, the Senate will begin to use up to 30 hours of post-cloture debate time prior to his confirmation vote.