Newsroom
This week: Congress works to end gov't shutdown, committees plot priorities
The House and Senate are in session this week, though much of their focus will likely be on trying to come to an agreement to end the partial government shutdown that is now approaching its third week. In addition, party leaders in both chambers are wrapping up committee assignments for the 116th Congress.
Over the weekend, House Democrats unveiled four separate spending bills to fund departments such as Treasury, Agriculture, Interior, Transportation and Housing and Urban Development, and some other agencies through Sept. 30. This piecemeal strategy comes as the Senate and President Donald Trump said they would not support a funding package passed by the House last week that included six full-year appropriations bills and a continuing resolution through Feb. 8 for the Department of Homeland Security. The president has said he will not sign a bill to fund the government unless it provides money for his proposed wall along the border of Mexico – the House has not allocated such funding.
NAFCU will keep credit unions updated as government funding discussions continue.
As member assignments are finalized, House and Senate committees are expected to begin internal meetings this week to discuss priorities and issues to address this year. NAFCU has released its 2019 priorities, on which credit union growth is No. 1, and has shared them with congressional leaders. The association will also share them with key committees as they begin work on issues critical to credit unions, such as housing finance reform, data security, targeted regulatory relief and fair markets.
Also happening this week:
- Tomorrow, NAFCU is offering a webinar on loan servicing and the regulatory risks credit unions should be prepared for.