Congress returns with major CU proposals unresolved

Congress returns to Capitol Hill this week with a long list of unresolved issues that could have a direct impact on credit unions—ranging from marijuana banking to credit card interchange policies.

The week will feature a split between the 117th Congress trying to finish business that the House and Senate did not resolve before leaving for the mid-term election and organizational meetings for the 118th Congress.

Also, this week, NCUA Chairman Todd Harper will join fellow prudential regulators in testifying on Capitol Hill. On Tuesday, he will testify before the Senate Banking Committee and on Wednesday, he will appear before the House Financial Services Committee.

On the legislative front, the House and Senate will attempt to enact the annual defense authorization legislation, as well as funding for much of the federal government. The defense bill always is a high priority for lawmakers, so they are likely to try to attach unrelated issues to the measure. The House has passed its version of the bill, with several financial services provisions attached.

 

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