Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Dodd added to vibrant GAC lineup
WASHINGTON (1/21/10)—Senate Banking Committee Chairman Christopher Dodd (D-Conn.), whose panel is currently involved in negotiations to hammer out a financial services regulatory reform bill in that chamber, will address the 2010 CUNA Governmental Affairs Conference (GAC) in Washington, D.C. Dodd will address the GAC on Wednesday, Feb. 24. In addition to serving as the head of the Senate Banking Committee, Dodd serves on athe Committee on Health, Education, Labor, and Pensions. Dodd joins other starpower already announced for the upcoming GAC, with Reps. Barney Frank (D-Mass.) Paul Kanjorski (D-Penn.), Spencer Bachus (R-Ala.), Ed Royce (R-Calif.), and Ed Perlmutter among those signed on as speakers for the event. Kanjorski and Royce are longstanding friends of the credit union movement. They recently collaborated to introduce H.R. 3380, a bill that would lift the credit union member business lending cap. Bachus has also backed credit unions by working to maintain credit union independence in this year's ongoing regulatory reform process. All three are senior members of the House Financial Services Committee; Bachus is the panel's ranking Republican and Kanjorski is the number-two Democrat behind Chairman Frank. Perlmutter, also a House Financial Services Committee member, late last year offered an amendment to the committee print of the Financial Stability Improvement Act (H.R. 3996), a bill that would give the systemic risk council the authority to take corrective action regarding accounting matters. The amendment would bolster government oversight of the Financial Accounting Standards Board (FASB) and CUNA maintains it would improve the accounting board's policy-making process and help minimize arbitrary rulemaking. FASB Chairman Robert Herz is also highlighted on the GAC program. The GAC, which will take place between Feb. 21 and 25 in Washington, D.C., will give credit union leaders the opportunity to learn the latest, first hand, from influential policymakers, as well as a platform to advocate for credit union issues. Other featured speakers include: Larry Kudlow, economist and host of CNBC's The Kudlow Report, former Federal Reserve Chairman Alan Greenspan, and Richard Phillips, Captain of the Maersk Alabama, which was hijacked by Somali pirates earlier this year, are also scheduled to speak at the event. A political point-counterpoint discussion between Joe Scarborough, former Congressman and current host of MSNBC's Morning Joe, and Presidential candidate and former Democratic National Committee Chairman Howard Dean, will also liven up the GAC. The festivities will begin with a CUNA Council-sponsored concert by the World Classic Rockers, featuring member of Santana, Journey, Boston, Steppenwolf, Toto and Lynyrd Skynyrd. Use the resource link below for more information.


RSS print
News Now LiveWire
#RBC draws letters from @SenatorBegich, @SenShelby to @TheNCUA See #NewsNow http://t.co/JvLBwkHwxF
18 minutes ago
It's #summercamp with a financial literacy, #creditunion twist http://t.co/5eaps9ZoVB
1 hours ago
Mich #creditunions encourage everyone to #CULunchLocal Oct 14 as part of #ICUDay http://t.co/NZp71fgr8Z
2 hours ago
.@IllinoisLeague Hession: #HB5342 cause for celebration...will serve as a model across the country for state, fed regulators @GovernorQuinn
3 hours ago
.@GovernorQuinn signs #HB5342 providing parity for state-chartered #creditunion examinations via @IllinoisLeague http://t.co/yrhoCkE4ER
3 hours ago