CUNA Engaged with Cannabis, Beneficial-Owner Hearings

Both the House and Senate are in session this week and will be conducting several hearings of note to credit unions. The House Small Business Committee will conduct a hearing Wednesday about small businesses in the legal cannabis industry. While CUNA and the state leagues have not taken a position on the legalization or decriminalization of marijuana, they support legislation that would allow credit unions to offer services to cannabis-based businesses in places where it is legal. 

Other hearings CUNA will be engaged with this week include:

  • Wednesday’s (10 a.m.) Senate Judiciary Committee hearing, “Combating Kleptocracy: Beneficial Ownership, Money Laundering, and Other Reforms;”
  • Wednesday’s (2 p.m.) House Judiciary subcommittee on antitrust, commercial and administrative law hearing, “Oversight of Bankruptcy Law and Legislative Proposals;”
  • Thursday’s (10 a.m.) House Financial Services Committee hearing, “Diversity in the Boardroom: Examining Proposals to Increase the Diversity of America's Boards;” and
  • Thursday’s (10 a.m.) Senate Banking Committee hearing, “Outside Perspectives on the Collection of Beneficial Ownership Information;” and