This Week’s Agenda on Capitol Hill, NDAA Call-to-Action Continues

Congress is expected to consider legislation this week to fund the federal government past November 21, when funding is set to expire. CUNA will also be engaged with several hearings in both chambers this week.

The House is expected to consider funding legislation first, which is expected to be a continuing resolution to fund the government through December 20. There is still some uncertainty if the measure has enough votes to pass the Senate due to policy riders that have been attached though Senate Majority Leader Mitch McConnell (R-KY) said yesterday that the Senate will act before current funding expires. President Trump will also have to sign off on the bill before the deadline to avoid a government shutdown.

The House will also consider several bills under the suspension of the rules, including:

  • Reforming Disaster Recovery Act of 2019 (H.R. 3702);
  • Fostering Stable Housing Opportunities Act of 2019 (H.R. 4300);
  • Improving Corporate Governance through Diversity Act of 2019 (H.R. 5084);
  • Investor Protection and Capital Markets Fairness Act (H.R. 4344); and
  • Terrorism Risk Insurance Program Reauthorization Act of 2019 (H.R. 4634).

Other hearings CUNA is engaged with this week include:

  • Wednesday (10:00 a.m.): Senate Banking Committee markup of the Terrorism Risk Insurance Program Reauthorization Act (S. 2877) and hearing to consider several nominations;
  • Wednesday (10:00 a.m.): House Financial Services subcommittee on consumer protection and financial institutions hearing, “An Examination of Regulators’ Efforts to Preserve and Promote Minority Depository Institutions;”
  • Thursday (9:30 a.m.): House Financial Services Task Force on Financial Technology hearing, “Banking on Your Data: the Role of Big Data in Financial Services.”

 Discussions on a various spending bills will continue this week including the National Defense Authorization Act for Fiscal Year 2020 (NDAA). As conferees attempt to reconcile differences in Senate- and House-passed versions (S.1790; H.R. 2500), Senate Armed Services Committee Chairman Jim Inhofe (R-OK) offered a "skinny" NDAA that does not include the provision (Section 2821) in the Senate version that could disadvantage defense-related credit unions.  

The "skinny" proposal would likely be considered as an alternative if conferees fail to reach an agreement on a larger package.

The NDAA Call-to-Action to protect defense-related credit unions continues.

Credit union professionals, volunteers and members are encouraged to visit the CUNA/League system’s Grassroots Action Center where they can easily email or Tweet their members of Congress to tell them to reject the Senate version’s Section 2821 and listing why it would be detrimental to credit unions, members and consumers.

CUNA and the state leagues wrote to House and Senate Armed Services Committee leaders and members in early August to urge the conference committee to reject Section 2821. The NJCUL followed-up with New Jersey delegation members named to the conference committee, Reps Andy Kim (D-3), Donald Norcross (D-1), Frank Pallone (D06) and Mikie Sherrill (D-11).

The issue was raised during the League’s August recess meetings with delegation members, and again during last week’s Hike-the-Hill meetings. It was also discussed at the NJCUL’s convention’s Advocacy Appreciation Reception last month. While the reception’s guest of honor Rep. Kim, an NDAA conferee, said he was unable to predict whether the provision would be included in the conference report, he did express his support for striking the provision from the final bill.    

CUNA and the state leagues successfully fought against inclusion of a similar provision in last year’s NDAA.