CUNA will be engaged in House floor votes and several hearings in both chambers of Congress this week.

The House is expected to consider two pieces of CUNA-supported legislation on the floor this week. The bills are:

• Ensuring Diversity in Community Banking Act of 2019 (H.R. 5322), which would, among other things, encourage federal government deposits in Minority Depository Institutions (MDIs), establish a Small Business Administration task force focused on MDIs and Community Development Financial Institutions   and require diversity and inclusion reports from each prudential regulator; and
• The COVID-19 Fraud Prevention Act (H.R. 6735), which would establish a working group that would be a collaboration between the Securities and Exchange Commission and Consumer Financial Protection Bureau with the goal of helping to protect scam attempts during the pandemic.

CUNA wrote a letter to House leadership Monday in support of the legislation.

Other hearings CUNA is engaged with this week include:

• Tuesday, 10:30 a.m. (ET): House Financial Services Committee hybrid hearing, “Oversight of the Treasury Department and Federal Reserve’s Pandemic Response;”
• Wednesday, 10 a.m. (ET): Senate Commerce Committee hearing, “Revisiting the Need for Federal Data Privacy Legislation;”
• Thursday, 10 a.m. (ET): House Small Business Committee hearing, “Paycheck Protection Program: An Examination of Loan Forgiveness, SBA Legacy Systems, and Inaccurate Data;” and
• Friday, 9:30 a.m. (ET): House Small Business Committee hearing, “A Review of PPP Forgiveness.”