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LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
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TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Reps. Perlmutter Miller featured at CUNA breakfast
WASHINGTON (12/1/09)--Reps. Ed Perlmutter (D-Colo.) and Brad Miller (D-N.C.) will take to the podium Thursday to discuss financial regulation reform in 2010 at the next National Journal Group policy breakfast, sponsored by the Credit Union National Association (CUNA). Both lawmakers’ names are familiar to credit unions for their recent actions supported by CUNA. Perlmutter last month offered an amendment to the House Financial Services 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. In October, Miller, along with Rep. Dennis Moore (D-Kan.), successfully offered an amendment to Consumer Financial Protection Agency (CFPA) legislation. That amendment would limit the proposed CFPA's examination and enforcement authority to credit unions over $1.5 billion in assets and banks with more than $10 billion in assets. For institutions whose assets fall below those thresholds, enforcement authority would stay with their prudential regulator. The Thursday breakfast, moderated by John Maggs, National Journal’s economy and taxes correspondent, will begin at 8 a.m. at The Liaison Capitol Hill. The session will streamed live from Nextgenweb.org. CUNA and the National Journal Group have sponsored breakfast policy and information sessions for the last two years.


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