news.cuna.org/articles/116332-cuna-witness-testimony-highlights-this-week-in-congress

This week in Congress: Senate testimony, robocalls and more

July 22, 2019

CUNA/League witness testimony before the Senate Banking Committee highlights a busy week in Congress, which also includes several hearings CUNA will be engaged with. Rachel Pross, Chief Risk Officer at Maps Credit Union, Salem, Ore., will testify during a hearing on legal cannabis businesses accessing financial services.

Pross, who previously testified before the House Financial Services Committee on the subject, will speak in support of the Secure and Fair Enforcement (SAFE) Banking Act. The bill would allow credit unions and banks to provide services to legal cannabis businesses and the ancillary businesses that serve them.

The SAFE Banking Act passed the House Financial Services Committee in March with a bipartisan 45-15 vote.

Other hearings CUNA is engaged with this week include:

  • Tuesday, 10:15 a.m. (ET): Senate Finance Committee hearing, “Promoting Elder Justice: A Call for Reform;”
  • Wednesday, 10 a.m. (ET): House Financial Services Committee hearing, “The Next Megabank? Examining the Proposed Merger Between SunTrust and BB&T;”
  • Wednesday, 10:15 a.m. (ET): The Senate Finance Committee will hold a hearing to consider the nominations of The Honorable Brent James McIntosh, of Michigan, to be an Under Secretary of the Treasury, Brian Callanan, of New Jersey, to be General Counsel for the Department of the Treasury, Brian McGuire, of New York, to be a Deputy Under Secretary of the Treasury, and Travis Greaves, of the District of Columbia, to be a Judge of the United States Tax Court; and
  • Thursday, 10 a.m. (ET): House Financial Services Committee Task Force on Financial Technology hearing, “Examining the Use of Alternative Data in Underwriting and Credit Scoring to Expand Access to Credit.”