CUNA engaged with COVID-19, appropriations hearings this week

July 13, 2020

Congress is out of session this week, but the House will continue to host committee meetings and CUNA will be engaged with several of them related to the pandemic and government appropriations.

CUNA Chief Advocacy Officer Ryan Donovan, in this week’s Advocacy Update video (below), discusses these hearing and highlights CUNA’s support for Paycheck Protection Program loan forgiveness legislation, and CUNA’s recent comment letters on subordinated debt, joint ownership accounts, NCUA’s Central Liquidity Facility, Regulation D and the current expected credit loss (CECL) standard.

Hearings CUNA will be engaged with this week include:

  • Tuesday, noon (ET) : House Financial Services Subcommittee on investor protection, entrepreneurship and capital markets hearing, “Promoting Economic Recovery: Examining Capital Markets and Worker Protections in the COVID-19 Era;”
  • Wednesday, 10 a.m. (ET): House Appropriations Committee markup of fiscal year 2021 Homeland Security, Financial Services and General Government (FSGG) appropriations bills;
  • Wednesday, 1 p.m. (ET): House Small Business Committee hearing, “Long-Lasting Solutions for a Small Business Recovery;”
  • Thursday, noon (ET): House Financial Services subcommittee on oversight and investigations hearing, “Oversight of Mortgage Servicers' Implementation of the CARES Act;”
  • Thursday, 1 p.m. (ET): House Small Business subcommittee on innovation and workforce development hearing, “Putting America Back to Work: The Role of Workforce Development and Small Business Rehiring;” and
  • Friday, 10:30 a.m. (ET) : House Small Business Committee hearing, “Oversight of the Small Business Administration and Department of Treasury Pandemic Programs.”