WASHINGTON (11/5/13)--Members of the U.S. House are working in their home districts until Nov. 12, but the Senate is in session.
One item on the Senate agenda is today's Senate Banking Committee hearing entitled "Housing Finance Reform: Protecting Small Lender Access to the Secondary Mortgage Market." Credit Union National Association Chief Economist Bill Hampel is set to testify at the hearing, which is scheduled to begin at 10 a.m. (ET). (See related story: CUNA Frames CU Housing Finance Reform Priorities For Senate Panel Today.) The committee has set another housing hearing for Thursday: "Housing Finance Reform: Essential Elements to Provide Affordable Options for Housing."
CUNA Senior Vice President of Legislative Affairs Ryan Donovan said CUNA expects committee leaders to introduce a new housing finance reform bill in the coming weeks, with a mark up possible as soon as December.
The Senate Commerce, Science and Transportation subcommittee on consumer protection will also hold a Thursday hearing entitled "Demand Letters and Consumer Protection: Examining Deceptive Practices by Patent Assertion Entities."
Consideration of the Privacy Notice Modernization Act (S. 635), which would provide relief to credit unions who are currently expected to send annual privacy notifications to members, could also happen soon, Donovan said.
In other House news, Majority Leader Eric Cantor (R-Va.) last week released the 2014 calendar for that body.
The second session of the 113th U.S. Congress will begin on Jan. 7, and House members will remain in Washington until Jan. 16. No House votes are scheduled on Jan 17, and members are scheduled to remain in their districts through the following Martin Luther King Jr. Federal Holiday. They are set to return on Jan. 27, and the three-day House Republican Issues Conference is scheduled to begin on Wednesday, Jan. 29.
For the full calendar, use the resource link.