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News Now

Washington
Senate Hearings Set As Congress Works Amid Shutdown
WASHINGTON (10/8/13)--Small, targeted appropriations bills to fund various agencies and government programs are the likely agenda this week for the U.S. House, as the ongoing government shutdown enters its second week. The Senate has not indicated how they will act on these bills, and while additional pieces of legislation could emerge this week, they have not been added to the schedule just yet.

The legislative schedule is light, but credit unions will want to watch out for the following hearings:
  • A Wednesday Senate Banking Committee hearing on housing finance reform and the multifamily housing finance system; and
  • A Thursday Senate Banking Committee hearing entitled "Impact of a Default on Financial Stability and Economic Growth."
The House Financial Services Committee had scheduled hearings on the status of the National Flood Insurance Program, legislation to further reduce impediments to capital formation, international central banking models and un-banked and under-banked areas. However, these hearings have been postponed due to the government shutdown.


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