The House Financial Services Committee passed four CUNA-supported bills at the conclusion of a two-day markup Wednesday.

CUNA wrote Tuesday in support of the bills, which cover the Bank Secrecy Act, the National Flood Insurance Program and financial literacy programs.

The bills are:

• The Corporate Transparency Act of 2019 (H.R. 2513), which would address the redundancies, unnecessary burdens, and opportunities for efficiencies within the Bank Secrecy Act/Anti-Money Laundering statutory framework. It passed 43-16;
• The National Flood Insurance Program (NFIP) Administration Reform Act of 2019(H.R. 3111), which would make administrative reforms to the NFIP. It passed 58-0;
• The NFIP Reauthorization Act of 2019 (H.R. 3167), which would extend NFIP through Sept. 30, 2024. It passed 59-0; and
• The House Financial Literacy Act of 2019 (H.R. 2162), which would require the Secretary of the Department of Housing and Urban Development to provide a 25-basis point discount in FHA insurance premiums for first-time homebuyers that complete a financial counseling course. It passed 53-6.