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This Week in National-Level Advocacy
Tuesday, October 6, 2015 6:45 AM

The House and the Senate are back in session this week after having enacted a Continuing Resolution funding the government through December. Credit Union National Association is monitoring all the happenings in Washington, and here is what you need to know about credit unions and advocacy this week:

  • The House Republican Conference will hold leadership elections Thursday, beginning the process of electing a new Speaker of the House. 
  • The House will consider CUNA-supported legislation to protect credit unions from legal liability resulting from the implementation of the TILA/RESPA Integrated Disclosures (TRID).
  • Jim Nussle exposes the danger in retailers' rhetoric on data security and payment innovation in an op-ed in The Hill newspaper.
  • CUNA-League collaboration in state-level advocacy is highlighted in this month's edition of CU Magazine.

In Congress

This week, the House of Representatives will consider H.R. 3192, the Homebuyers Assistance Act. This legislation, which was introduced by Reps. French Hill (R-AR) and Brad Sherman (D-CA) would delay enforcement of and legal liability associated with the TRID regulation until Feb. 1, 2016. CUNA strongly supports this legislation.
 
The Senate is expected to consider H.R.1735, the FY16 National Defense Authorization Act, and we will be closely monitoring this legislation because of its history of being used as an incubator for financial services policy.

In Committee

The House Small Business Committee will hold a full committee hearing Wednesday on "The EMV (Europay, Mastercard, Visa chip payment system) Deadline and What it Means for Small Businesses."

The House Financial Services Committee will hold a full committee hearing Thursday on "The Future of Housing in America: 50 Years of HUD and its impact on Federal Housing Policy."

The House Financial Services Committee Monetary Policy and Trade Subcommittee will hold a hearing Friday on "The Future of Multilateral Development Banks."