CUNA will be engaged with Congressional hearings in both chambers this week, as well as several mark ups of appropriations and other legislation this week. Both the House and Senate are in session.
The House Appropriations Committee is scheduled to begin marking up its Financial Services and General Government (FSGG) bill Tuesday. The bill passed the FSGG subcommittee last week, and it contains funding for the Treasury’s Community Development Financial Institutions (CDFI) Fund ($300 million for FY2020, a $50 million increase from last year) and NCUA’s Community Development Revolving Loan Fund ($2 million).
The bill’s report was released Monday and it contains language that:
It also contains language rejecting the administration’s budget proposal request to place the Consumer Financial Protection Bureau (CFPB) under the appropriations process.
Other hearings CUNA is engaged with this week includes: