DC Update: Week of 7/26 Posted by AVCU on 10:15 AM

Both the House and the Senate return to Washington today. For the House of Representatives, this is likely to be the last week in session until September 12; the Senate, on the other hand, will be in session next week.

Today and tomorrow the House will consider several bills under suspension of the rules. Later in the week, the House is expected to consider the Department of Veterans Affairs appropriations bill, the Department of Housing and Urban Development appropriations bill, and the supplemental appropriations bill. The Senate returns today but no votes are expected until Tuesday, at which time it will vote on a motion to invoke cloture on the DISCLOSE Act, a campaign finance bill. If cloture is not invoked on the DISCLOSE Act, we expect that the Senate will resume consideration of the Small Business Lending Fund Act. If cloture is invoked, we expect the Senate will complete consideration of the DISCLOSE Act. As seen recently, the Senate schedule always includes an element of unpredictability.

Meetings of Interest to CUs:

• On Tuesday, the House Financial Services Committee will hold a full committee markup of H.R.5814, the "Public Housing Reinvestment and Tenant Protection Act of 2010"; H.R. 4868, the "Housing Preservation and Tenant Protection Act of 2010"; H.R.2267, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act; H.R.3421, the "Medical Debt Relief Act of 2009"; H.R.4790, the "Shareholder Protection Act of 2010"; H.R.5823, the "United States Covered Bond Act of 2010"; and H.R.476, the "Veterans, Women, Families with Children, and Persons With Disabilities Housing Fairness Act of 2010."
  
• On Thursday, the House Financial Services Committee will hold a full committee hearing on "Alternatives for Promoting Liquidity in the Commercial Real Estate Markets, Supporting Small Businesses and Increasing Job Growth." Also on Thursday, the House Financial Services Committee Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises will hold a hearing on the "Future of Housing Finance: The Role of Private Mortgage Insurance."

CUNA and leagues continue to encourage the Senate to permit a vote on the Udall amendment to the Small Business Lending Fund bill. CUNA will send a letter to all Senators later today regarding this legislation.