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NAFCU's Carrie Hunt will testify next week before the Senate Banking Committee as it considers legislative solutions to reform the nation's housing finance system. NAFCU has led efforts to ensure credit unions' unfettered access to the secondary mortgage market in any housing finance reform, and has urged the Trump administration and Congress to work together on a comprehensive solution.

Hunt, NAFCU's executive vice president of legislative affairs and general counsel, is set to testify during the committee's hearing on March 27. The hearing is one of two being held by the committee to discuss a proposal from Committee Chairman Mike Crapo, R-Idaho, which includes some provisions that align with NAFCU's position on reform. NAFCU thanked Crapo for his commitment to reform following its release.

Housing finance reform is on both the Senate Banking and House Financial Services Committees agendas for the 116th Congress; the White House has indicated it would work with Congress to reform the nation's housing finance system and government-sponsored enterprises (GSEs).

Additionally, NAFCU has previously shared its core principles for housing financial reform that should be included in any final reform measures with lawmakers and numerous officials in the Trump administration. The association's core principles are also cited in a recent report from the Government Accountability Office (GAO) calling on Congress to consider housing finance reform legislation. 

The association met last week with the Treasury Department's Housing Policy staff, and is set to meet with Federal Housing Finance Agency (FHFA) Acting Director Joseph Otting next week on the issue.