The House Ways and Means Committee released a two-page outline commonly referred to as “Tax Reform 2.0” this week. This bill will likely not have any direct positive or negative effects on credit unions. 

The NCUA board will consider a risk-based capital proposed rule, among other items on the agenda for its Thursday meeting. The board did not meet in July.

The House passed the National Defense Authorization Act Thursday without a provision CUNA fought to exclude that could have negatively impacted credit unions on military bases. CUNA successfully fought for removal of Section 2808 of the House bill.

CUNA wrote in support of the Senate’s Financial Services and General Government Act for Fiscal Year 2019 and its funding levels for several vital credit union funds this week. The Senate is expected to finish consideration of the bill Thursday.

CUNA requested a House subcommittee press upon the Federal Communications Commission the need to revise its implementation of the Telephone Consumer Protection Act in a letter for a Wednesday House subcommittee hearing.

The House passed legislation Wednesday to extend the National Flood Insurance Program's funding through Nov. 30. CUNA strongly supports this extension to prevent potentially significant disruption to housing markets in flood-prone areas of the country.

FASB agreed to propose a CUNA-advocated for change to its CECL standard at its Wednesday board meeting. Details of the proposed change have not been released, but CUNA expects the clarification will fully remedy the issue.

Attorneys General from 19 states have written Attorney General Jeff Sessions calling for clarity about how the ADA applies to websites. Several signed onto the letter as a direct result of advocacy by state credit union leagues.

A CUNA-led charge to remove language putting credit unions on military bases at a potential disadvantage was successful with the removal of Section 2808 of the 2019 NDAA in the conference report of the bill.

CUNA’s newly launched MAP community was highlighted this month in Association Now, in an article noting CUNA’s efforts to expand the reach of its government relations work, and CUNA’s larger advocacy efforts.