CUNA-backed Bills on House Floor, Hearings this Week Include Housing Finance Reform and Student Loan Crisis

As Congress returns to Washington this week, two CUNA-supported bills will be considered on the House floor and CUNA will engage with several hearings. The bills are the Homebuyer Assistance Act of 2019 (H.R. 2852) and the Ensuring Diverse Leadership Act of 2019 (H.R. 281).

Rep. Bonnie Watson Coleman (D-12) is a cosponsor of H.R 281.

CUNA wrote in support of the bills in July when they were marked up by the House Financial Services Committee. H.R. 2852 would ensure the Federal Housing Administration’s appraiser requirements are identical to those currently employed by Fannie Mae and Freddie Mac for licensed appraisers.

H.R. 281 would require the Federal Reserve banks to interview at least one candidate reflective of gender diversity and one candidate of racial of ethnic diversity when appointing presidents.

Other hearings CUNA will be engaged with this week include:

  • Tuesday (10 a.m.): Senate Banking Committee hearing, “Housing Finance Reform: Next Steps;”
  • Tuesday (10 a.m.): House Financial Services Committee hearing, “A $1.5 Trillion Crisis: Protecting Student Loan Borrowers and Holding Student Loan Servicers Accountable;”
  • Tuesday (2 p.m.): House Judiciary Committee markup of legislation, including the Forced Arbitration Injustice Repeal Act (H.R. 1423);
  • Wednesday (10 a.m.): House Financial Services subcommittee on investor protection, entrepreneurship and capital markets hearing, “Examining Private Market Exemptions as a Barrier to IPOs and Retail Investment;”
  • Thursday (9 a.m.): House Judiciary subcommittee on antitrust, commercial and administrative law hearing, “Online Platforms and Market Power, Part 3: The Role of Data and Privacy and Competition;”
  • Thursday (9:30 a.m.): House Financial Services Committee Task Force on Artificial Intelligence hearing, “The Future of Identity in Financial Services: Threats, Challenges and Opportunities;” and
  • Thursday (10 a.m.): Senate Banking Committee hearing, “Developments in Global Insurance Regulatory and Supervisory Forums.”

In addition, the Senate Appropriations Committee will mark up original legislation making appropriations for the Departments of DefenseStateLaborHealth and Human ServicesEducation and their related agencies.