Former Republican Presidential Candidate Ted Cruz, Mike Rounds join NAFCU’s 2016 Congressional Caucus Lineup

WASHINGTON, DC (August 22, 2016) — Former Republican presidential candidate Sen. Ted Cruz, (R-Texas) and Sen. Mike Rounds (R-S.D.) have joined the growing list of speakers confirmed for the National Association of Federal Credit Unions (NAFCU2016 Congressional Caucus, scheduled Sept. 18-21 at the Hyatt Regency Washington on Capitol Hill.

NAFCU’s Congressional Caucus, the association’s credit union lobbying event of the year, brings hundreds of credit union leaders to Washington to talk about the industry’s vital issues, visit with lawmakers on Capitol Hill and hear from prominent congressional and financial industry leaders.

Sen. Ted Cruz (R-Texas), a former candidate in this year’s Republican presidential primary, is one of the 70 senators who wrote CFPB in July to urge more regulatory relief for credit unions under the bureau’s exemption authority. Cruz also joined Sen. Mike Lee, R-Utah, in April to introduce a NAFCU-backed measure that would fight the Justice Department’s Operation Choke Point Initiative. Cruz chairs the Senate Judiciary Subcommittee on Oversight, Agency Action, Federal Rights and Federal Courts and the Commerce Subcommittee on Space, Science and Competitiveness. Cruz also serves on the Joint Economic Committee, the Armed Services Committee and the Committee on Rules and Administration.

Sen. Mike Rounds (R-S.D.), is a member of the Senate Banking Committee. Rounds also authored the NAFCU-backed legislation, “Taking Account of Institutions with Low Operation Risk (TAILOR) Act,” which would require that rules be tailored to fit financial institutions’ business models and risk profiles. He is the co-founder of the Senate Payments Innovation Caucus, which explores technologies in the payments industry and addresses issues concerning data security, consumer protection and electronic payments.

Among other recent additions are House Financial Services Committee Ranking Member Maxine Waters, D-Calif.; Sen. Ben Sasse, R-Neb., who led a NAFCU-backed letter from 70 senators urging CFPB to make better use of its exemption authority; House Financial Services Subcommittee Chairman Randy Neugebauer, R-Texas, who is also the lead on NAFCU-supported “Data Security Act” (H.R. 2205); and Rep. French Hill, R-Ark., a chief sponsor of NAFCU-supported legislation that would increase the reporting threshold for open- and closed-end mortgages under the Home Mortgage Disclosure Act.

Visit to learn more and register. Follow @NAFCU on Twitter and the hashtag #NAFCUCaucus  for the latest information on Caucus.

The event is complimentary for media, but registration is required. Please contact Patty Briotta at (703) 842-2820 or to register or with any questions.


The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to or @NAFCU on Twitter.


Molly Safreed, (NAFCU)

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