This week: CECL talks Wednesday, NAFCU testifies Friday

Now in the final scheduled week of the legislative calendar, Congress will need to pass a government funding bill to prevent a partial government shutdown and extend the National Flood Insurance Program (NFIP) before it lapses; both are currently set to expire Friday. Also this week, NAFCU is set to testify before the House Financial Services Committee on housing finance reform.

NAFCU witness Rick Stafford, president and CEO of Tower Federal Credit Union (Laurel, Md.), will share with lawmakers credit unions’ priorities and concerns with a bipartisan housing finance reform bill during a hearing slated Friday before the House Financial Services Committee. This will be NAFCU’s 12th overall time testifying during the 115th Congress. Stafford also testified in October 2017 during a hearing on housing finance reform priorities before a House Financial Services subcommittee. This hearing was rescheduled from its original date of Dec. 6; read more here.

This week:

  • The House and Senate are expected to continue work on government funding legislation, including the financial services and general government (FSGG) appropriations measure.

 

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