House set for NDAA vote, monetary policy hearings this week

Several pieces of legislation will be on the House floor this week, and a number of hearings will cover matters of interest to credit unions. Among other bills, the House is expected to vote on the National Defense Authorization Act (NDAA) for Fiscal Year 2020.

The House Armed Services Committee passed the NDAA in June without CUNA-opposed language extending to banks the rent-free access to military bases that credit unions are eligible for. CUNA has called for the rejection of any language in the NDAA that would expand the Department of Defense’s (DoD) authority to exempt financial institutions from certain costs on military installations.

The Senate version of the NDAA, which passed June 27, includes language to expand this exemption to banks that meet similar membership standard to those placed on credit unions seeking these exemptions, which CUNA opposes.


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