WASHINGTON (6/21/11)--The U.S. House and Senate are in session this week and there are several hearings on the agenda of interest to credit unions. As noted last week in News Now
, on Tuesday the Senate Banking Committee is scheduled to conduct a hearing on “Cybersecurity and Data Protection in the Financial Services Sector.” Kevin Streff, associate professor and director of the Center for Information Assurance at Dakota State University; Leigh Williams, president of BITS, and member of the Financial Services Roundtable; and Marc Rotenberg, president of the Electronic Privacy Information Center, are expected to testify. Also on Tuesday, a Senate Judiciary Committee hearing on "Cybersecurity: Evaluating the Administration's Proposals" is expected to hear testimony from Associate Deputy Attorney General James Baker; Acting Deputy Homeland Security Undersecretary Greg Schaffer of the National Protection and Programs Directorate; and Ari Schwartz, senior Internet policy adviser at the National Institute of Standards and Technology. This week's calendar also shows:
* On Wednesday, the House Small Business Committee is slated to study “The State of Small Business Access to Capital and Credit: The View From Secretary Geithner." As the title of the hearing suggests, U.S. Treasury Secretary Geithner is expected to testify. * Also on Wednesday, the House Financial Services Committee will hold a mark-up a number of bills, including: the Report on the Activity of the Committee on Financial Services for the 112th Congress; H.R.1082, the Small Business Capital Access and Job Preservation Act; and the Burdensome Data Collection Relief Act; * The House Oversight and Government Reform subcommittee on TARP, financial services and the bailout of public and private programs has scheduled a hearing titled “The Changing Role of the FDIC (Federal Deposit Insurance Corporation)." *On Thursday, the Senate Banking Committee will hold Part Two of a hearing on "Reauthorization of the National Flood Insurance Program"; * Also on Thursday, the House Appropriations Committee will markup the Fiscal Year 2012 Financial Services Appropriations Act.