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This Week in Congress
Wednesday, September 9, 2015 6:45 AM

Both the U.S. House and Senate returned to session yesterday. This week, the House will consider bills under suspension of the rules before turning its attention to a resolution of disapproval of the nuclear agreement with Iran. Likewise, the only item on the Senate's agenda this week is the resolution of disapproval. However, several committee meetings will be taking place on both sides of the Capitol, including the following:

Wednesday

  • The House Financial Services Committee will hold a full committee hearing on "Task Force to Investigate Terrorism Financing - Could America Do More? An Examination of U.S. Efforts to Stop the Financing of Terror."

Thursday

  • The Senate Banking, Housing and Urban Affairs Committee will hold a full committee hearing on the nomination of Adam Szubin to be Treasury Undersecretary for Terrorism and Financial Crimes.
  • The House (Select) Intelligence Committee will hold a full committee hearing on "World Wide Cyber Threats."
  • The House Financial Services Committee Capital Markets and Government Sponsored Enterprises Subcommittee and Oversight and Investigations Subcommittee will hold a hearing on "Preserving Retirement Security and Investment Choices for All Americans" and H.R.1090, the "Retail Investor Protection Act."

Recently on the CUNA Removing Barriers Blog

Highlights of Webinar on Recent FCC TCPA Ruling
A group of attorneys provided an extensive analysis of the July 15 TCPA Order, specifically outlining how it will impact credit unions.

CUNA Submits Comment on Department of Labor's Proposed Overtime Rule
CUNA filed comments with the Department of Labor concerning a proposed rule which would raise the salary threshold for overtime eligibility.

CUNA Participates in House Staff Briefing on Effect of Patent Trolls on Financial Institutions
Financial Institutions Subcommittee Chairman Randy Neugebauer sponsored a bipartisan staff briefing to explore how patent trolls impact financial institutions.  Over the last several years, patent trolls have significantly increased the legal costs of financial institutions.  This briefing, in which CUNA participated, explored how patent reform may help alleviate this burden.

Push to Expedite Implementation of Section 1071 of Dodd-Frank Causes Concern
CUNA is concerned with an effort to get Members of Congress to sign a letter to the CFPB urging the Bureau to expedite rulemaking related to Section 1071 of the Dodd-Frank Act, which directs the CFPB to compel financial institutions to collect and report additional data from small business borrowers.