Data breach, FY2016 U.S. budget plan on Hill radar this week

February 2, 2015

WASHINGTON (2/3/15)--The Credit Union National Association is following several hearings on both sides of the U.S. Capitol this week, including sessions on data breach legislation and on the administration's fiscal year 2016 budget.

Hearings of credit union interest include:

  • Today, the House Ways and Means Committee is scheduled to conduct a hearing on "The President's FY2016 Budget Proposal," and the House Oversight and Government Reform Committee has slated a hearing on "Inspectors General: Independence, Access and Authority;"
  • On Wednesday, the House Financial Services subcommittee on oversight and investigations will hold a hearing titled "Exploring Alleged Ethical and Legal Violations at the Department of Housing and Urban Development;" and
  • On Thursday, the Senate Finance Committee will hold a hearing on "The President's Budget for FY2016;" the Senate Commerce, Science and Transportation subcommittee on consumer protection, product safety, and insurance subcommittee will examine data breach issues in its hearing titled "Getting it Right on Data Breach and Notification Legislation in the 114th Congress (News Now Feb. 2)."

The Credit Union National Association continues its advocacy work on the data breach issue and will submit a statement for the record of the Senate hearing. CUNA continues to work with members in both the House and Senate to help inform legislation on this issue with credit union principles.