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News Now

Washington
In Congress House Senate spotlight reg reform
WASHINGTON (9/29/09)--While it does not appear that there will be any votes that are of interest to credit unions during the upcoming week, there will be some hearings of note. The Credit Union National Association will submit a statement to the House Financial Services Committee as that committee on Wednesday will hold its hearing on "Perspectives on the Consumer Financial Protection Agency." Also, on Thursday, the House Financial Services Committee will conduct a hearing entitled, "Federal Reserve Perspectives on Financial Regulatory Reform Proposals," with Federal Reserve Chairman Ben Bernanke scheduled to testify. On the Senate side, the Banking Committee on Tuesday will discuss the "Strengthening and Streamlining Prudential Banking Supervision." The Senate subcommittee on international trade and finance will review international cooperation in financial regulatory modernization on Wednesday, and some aspects of financial regulation will again be discussed by the Senate Small Business Committee on Thursday during a hearing entitled "Reauthorizing the Small Business Administration Finance Programs and the Impact of the Small Business Provisions of the Recovery Act."


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