This week: NAFCU monitoring hearings on BOI, climate-risk, NCUA’s bylaws rule

by NAFCU Newsroom

The House and Senate remain in session this week with lawmakers continuing to work on must-pass legislation, including the National Defense Authorization (NDAA) and appropriations bills. In addition, NAFCU will monitor several hearings on Capitol Hill and Thursday’s NCUA Board meeting for the agency’s final rule implementing changes to the Federal Credit Union (FCU) Bylaws.

Of note, the House passed its version of the NDAA Friday. As the Senate will soon take up the legislation, NAFCU and other financial services trade groups continue to urge lawmakers to oppose big box retailers’ efforts to attach legislation that would extend interchange routing requirements to credit cards. In addition, NAFCU is closely watching for any changes to the NDAA that would allow banks to operate rent-free on military bases. Once both chambers have passed the NDAA, it will move to a conference committee for lawmakers to reach an agreement on differences.

Lawmakers also continue to work on appropriations bills, including markups tomorrow and Thursday on funding for the Department of Housing and Urban Development (HUD). Last week, both the House and Senate Appropriations Committees advanced their versions of the fiscal year 2024 Financial Services and General Government (FSGG) funding bill. NAFCU continues to advocate for full funding of credit union priorities.

Hearings NAFCU will monitor on Capitol Hill this week include:

 

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