Newsroom

July 02, 2018

This week: Congress on recess, CUs urged to reach out

CapitolSenate and House lawmakers are in their home districts and states this week, providing a great opportunity for credit unions to reach out on top industry issues, including the ongoing push for regulatory relief.

NAFCU's Grassroots Action Center allows credit unions to find contact information for their lawmakers and look up key credit union-related legislation to see where their members of Congress stand on those bills. Credit unions can send letters, tweets, Facebook messages and also call their lawmakers concerning the current active campaigns on the Grassroots Action Center, which concern the NCUA's risk-based capital rule, data security legislation and regulatory relief efforts.

Credit union representatives are also encouraged to attend NAFCU's Congressional Caucus, Sept. 11-14 in Washington, where they can meet face to face with lawmakers. Early-bird savings of $200 with promo code CAUCUSAVINGS are good through July 20.

When Congress returns to Washington next week, both the House and Senate have a busy summer ahead. Later this month, Federal Reserve Chair Jerome Powell is slated to give the semi-annual testimony on monetary policy. Also, the Senate Banking Committee on July 19 is expected to take up the nomination of Kathy Kraninger to lead the Bureau of Consumer Financial Protection.

By July 31, Congress must also revisit the National Flood Insurance Program before it expires. Both chambers are working out the final details of the National Defense Authorization Act and formal consideration of the legislation is expected to occur in mid-to-late July.