CUNA engaged w/ GSE hearing, government funding discussions

September 4, 2018

The House and Senate are both back in Washington, D.C. this week, and CUNA is engaged with several activities on Capitol Hill, including ongoing discussions to fund the federal government after Sept. 30, when finding runs out.

The House and Senate have passed several appropriations bills in recent months, and CUNA is particularly involved in both financial services and general government (FSGG) bills.

The House passed its FSGG bill in July, a bill that contains numerous regulatory relief provisions to benefit credit unions. The Senate passed its FSGG bill in August, without many of those provisions, but with full allocations to several vital credit union funds and grant programs.

CUNA joined other trade organizations last week to urge Congressional leaders to ensure they include the text of the Mortgage Choice Act (H.R. 1153) in the conference committee version of the FSGG bill.

CUNA will also be engaged with a House Financial Services Committee hearing scheduled for Thursday, titled “"A Failure to Act: How a Decade without GSE Reform Has Once Again Put Taxpayers at Risk.”

The hearing is scheduled for Thursday at 10 a.m. (ET), and will be streamed live on the committee’s website.

Other hearings CUNA is engaged with this week include:

  • Wednesday 10 a.m. (ET): House Financial Services subcommittee on monetary policy and trade hearing, “The Future of Money: Coins and Banknotes;”
  • Wednesday, 2 p.m. (ET): House Financial Services subcommittee on housing and insurance hearing, “The Cost of Regulation on Affordable Multifamily Development;” and
  • Friday, 9:15 a.m. (ET): House Financial Services subcommittee on terrorism and illicit finance hearing, “Survey of Terrorist Groups and Their Means of Financing.”