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News Now

Washington
This week in Congress Hearings of interest to CUs
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.


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