Both chambers of Congress are back in session this week, and CUNA will be engaged with several hearings throughout the week.
President Joe Biden also released his initial budget proposal for Fiscal Year 2022 late last week. The 58-page document does not contain great detail but includes a $330 million request for the Treasury’s Community Development Financial Institutions (CDFI) Fund, a 22% increase from last year’s $270 million.
Other credit union-related funds, including NCUA’s Community Development Revolving Loan Fund and the U.S. Agency for International Development’s Cooperative Development Program, are not included in the proposal.
Hearings CUNA will be engaged with this week include: