The House is expected to consider a CUNA-supported bill and CUNA will engage with several hearings in both chambers of Congress on topics such as affordable housing, minority depository institutions and data privacy this week.
The House is expected to consider the CUNA-backed Corporate Transparency Act (H.R. 2513), while the Senate is expected to consider appropriations legislation and a treaty.
H.R. 2513 would address redundancies, unnecessary burdens and opportunities for efficiencies within the Bank Secrecy Act/Anti-money Laundering (BSA/AML) statutory framework.
CUNA wrote to House leadership Monday in support of H.R. 2513 and an amendment offered by House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) that would index the CTR reporting thresholds for inflation every five years and further study the impact of Suspicious Activity Reports.
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