Quickly enacting the Paycheck Protection Program Small Business Forgiveness Act (S. 4117/H.R.7777) would help small businesses that need forgiveness to be as simple, cost-effective and efficient as possible, CUNA, AACUL and all League presidents wrote to Congressional leaders this week.

The FHFA should ensure there is consistency between the policies within their regulatory purview and the directives of Congress during the COVID-19 recovery, CUNA wrote to the House Financial Services Committee before it hears testimony Wednesday from FHFA Director Mark Calabria.

The Senate Commerce Committee voted Wednesday to advance the CUNA-supported E-SIGN Modernization Act. CUNA wrote in support of the bill Tuesday, calling it an important update to 2000’s E-SIGN Act.

Updates to the E-SIGN Act, enacted in 2000, is necessary due to technology developments over the past 20 years, CUNA wrote to Senate Commerce Committee leadership Tuesday. The committee is expected to conduct a markup of legislation this week that includes the CUNA-supported E-SIGN Modernization Act.

The House and Senate are in session this week, and CUNA will be engaged in a number of hearings and a Senate Committee markup. CUNA Chief Advocacy Officer Ryan Donovan also offers the latest on COVID-19 relief legislation and more in this week’s Advocacy Update video.