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News Now

Washington
House holds hearings as Senate stays in recess
WASHINGTON (6/1/11)--With members of the Senate remaining in their home districts after the Memorial Day holiday, and no major action expected in the House, credit unions will want to watch out for four House hearings. The first of these hearings will take place on Wednesday when the House Small Business Committee will discuss capital access for small businesses. The House Financial Services Committee’s monetary policy and technology subcommittee will later that day hold a hearing entitled, “Federal Reserve Lending Disclosure: FOIA, Dodd-Frank and the Data Dump.” Federal Reserve representatives from the central office and the Fed’s New York branch will testify during that hearing. A House Budget Committee hearing on Fannie Mae, Freddie Mac and taxpayer exposure to housing markets will take place on Thursday, with the full House Financial Services Committee discussing allegations of mismanagement and waste in the U.S. Department of Housing and Urban Development’s HOME Investment Partnership Program during a Friday hearing. Legislation that would lift the debt ceiling, as well as legislation related to domestic security and military construction spending, are also on the schedule. The House will have its own district work period next week, and the Senate is scheduled to return to Washington. Both the House and Senate will be in session on June 13.


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