CUNA engaged with House votes, PPP hearings this week

CUNA will be engaged in House floor votes and several hearings in both chambers of Congress this week.

The House is expected to consider two pieces of CUNA-supported legislation on the floor this week. The bills are:

  • Ensuring Diversity in Community Banking Act of 2019 (H.R. 5322), which would, among other things, encourage federal government deposits in Minority Depository Institutions (MDIs), establish a Small Business Administration task force focused on MDIs and Community Development Financial Institutions   and require diversity and inclusion reports from each prudential regulator; and
  • The COVID-19 Fraud Prevention Act (H.R. 6735), which would establish a working group that would be a collaboration between the Securities and Exchange Commission and Consumer Financial Protection Bureau with the goal of helping to protect scam attempts during the pandemic.

 

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