The House of Representatives is scheduled to vote on H.R. 6147, the Financial Services and General Government Appropriations Act for Fiscal Year 2019, on Thursday.
In advance of consideration, CUNA sent a letter to House Speaker Paul Ryan (R-Wis.) and Democratic Leader Nancy Pelosi (D-Calif.) in support of the bill.
The legislation contains provisions supported by CUNA’s Campaign for Common-Sense Regulation, including a two-year delay to the effective date of the NCUA’s risk- based capital rule, from Jan. 1, 2019 to Jan. 1, 2021. The bill also includes the Mortgage Choice Act, the Privacy Notification Technical Clarification Act, the Financial Institutions Examination Fairness and Reform Act, the TRID Improvement Act, and the Bureau of Consumer Financial Protection–Inspector General Reform Act.
The letter supports the funding level of $2 million for the Community Development Revolving Loan Fund (CDRLF) included in the bill and also calls for full funding for the Community Development Financial Institutions (CDFI) Fund.