The House and the Senate return to Washington today. The Senate resumes consideration of H.R. 3288, the Transportation and related agencies appropriations bill. The House will consider bills under suspension of the rules today and tomorrow before turning attention to H.R. 3246, the Advance Vehicle Technology Act of 2009 and H.R. 3221, the Student Aid and Fiscal Responsibility Act of 2009. The latter is the bill that would terminate the Federal Family Education Loan Program (FFELP). CUNA does not support H.R. 3221, and has lobbied against it since introduction. CUNA’s letter to the House Education and Labor Committee is available for review.
On Wednesday of this week the House Financial Services Committee will hold a hearing on proposals to enhance the Community Reinvestment Act. The witness list has not been released but reports are that the following groups have been invited to testify:
- American Bankers Association
- National Community Reinvestment Coalition
- Massachusetts Commissioner of Banks.
Representative Eddie Bernice Johnson (D-TX), sponsor of H.R. 1479, the Community Reinvestment Modernization Act, is also expected to testify. CUNA will send a letter for the record of the hearing, which will be made available to credit unions.
The Consumer Financial Protection Agency legislation is now NOT expected to be voted out by the Financial Services Committee during the week of September 21. Reports are that the Committee may hold additional hearings before proceeding to consideration of the legislation, perhaps in early October.
As a reminder, all CUNA letters to Congress are available for review.
Posts
0 comments:
Post a Comment