CUNA Engaged with House, Senate Mark-ups, Hearings this Week

Both chambers of Congress are in session this week, and CUNA will be engaged with a number of hearings and other meetings throughout the week. These include a Wednesday mark-up of several bills by the Senate Commerce Committee, bills that include the Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act (S. 151).

The TRACED Act aims to combat illegal robocalls, but CUNA has several concerns with the bill, including a lack of clarity on what constitutes “legal” calls and on any potential safe harbors. (see related article below)

The House Ways and Means Committee will also mark-up several bills Tuesday, including the Taxpayer First Act of 2019 (H.R. 1957). The bill includes several measures designed to protect taxpayers from unfair practices and improve Internal Revenue Service’s operations and includes provisions related to suspected or actual “structuring transactions” and their treatment under the Bank Secrecy Act.

Other hearings CUNA is engaged with this week include:

  • House Financial Services Committee hearing, “The Fair Housing Act: Reviewing Efforts to Eliminate Discrimination and Promote Opportunity in Housing” (Tuesday, 10 a.m.);
  • Senate Judiciary Committee hearing, “Arbitration in America” (Tuesday, 10 a.m.);
  • House Financial Services sub-committee on housing, community development and insurance hearing, “The Affordable Housing Crisis in Rural America: Assessing the Federal Response” (Tuesday, 2 p.m.);
  • House Financial Services Committee “Member Day” hearing (Wednesday, 10 a.m.);
  • House Appropriations sub-committee on financial services and general government hearing on the budget for the Federal Communications Committee (Wednesday, 1:30 p.m.); and
  • House Financial Services sub-committee on investor protection, entrepreneurship and capital markets hearing, “Putting Investors First: Reviewing Proposals to Hold Executives Accountable” (Wednesday, 2 p.m.).