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This Week in Washington, DC
Tuesday, May 17, 2016 6:40 AM

Congress is diving head first into the year's must-pass legislation, with the National Defense Authorization Act and the Military Construction and Veterans Affairs Appropriations Act on tap in the House. The Senate is expected to consider H.R.2577, an FY17 appropriations bill that combines both the committee-reported Transportation-Housing funding bill (S. 2844) and the committee-reported Military Construction-Veterans funding legislation (S. 4974). 

Hearings on both sides of the Capitol include the following:

Tuesday

  • The Senate Finance Committee will hold a full committee hearing on "Integrating the Corporate and Individual Tax Systems: The Dividends Paid Deduction Considered."
  • The House Financial Services Committee Monetary Policy and Trade Subcommittee will hold a hearing on "Interest on Reserves and the Fed's Balance Sheet."
  • The House Financial Services Committee Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing on "Legislative Proposals to Enhance Capital Formation, Transparency, and Regulatory Accountability," including consideration of the "SEC Regulatory Accountability Act"; the "Investment Advisers Modernization Act of 2016"; and the "Proxy Advisory Firm Reform Act of 2016."

Wednesday

  • The Senate Commerce, Science, and Transportation Committee will hold a full committee hearing on "The Telephone Consumer Protection Act (TCPA) at 25: Effects on Consumers and Business." CUNA requested this hearing in September and will submit a statement for the record of this hearing.
  • The House Financial Services Committee Financial Institutions and Consumer Credit Subcommittee will hold a hearing on "Examining the CFPB's Proposed Rulemaking on Arbitration: Is it in the Public Interest and for the Protection of Consumers." CUNA has expressed concerns about the CFPB's proposal and will submit a statement for the record of this hearing.

Thursday

  • The House Financial Services Committee Oversight and Investigations Subcommittee will hold a hearing on "Settling the Question: Did Bank Settlement Agreements Subvert Congressional Appropriations Powers?"
  • The Senate Banking, Housing, and Urban Affairs Committee, Securities, Insurance, and Investment Subcommittee will hold a hearing on "Improving Communities and Businesses Access to Capital and Economic Development." CUNA has a strong record of advocating for expanded access to capital for small businesses, including legislation to increase the credit union member business lending cap and will submit a statement for the record of this hearing.