WASHINGTON (3/10/09)—There are several hearings of interest to credit unions upcoming this week. The Credit Union National Association (CUNA) will be monitoring the following sessions:
* Today, the House Appropriations Committee subcommittee on financial services and general government will hold a hearing on "Treasury Action Related to the Financial Crisis;" * Also today, the Senate Budget Committee has scheduled a hearing on President Barack Obama's Fiscal Year 2010 budget proposal. A second day of hearings will be held on Thursday. Office of Management and Budget Director Peter Orzsag will testify on Tuesday; Treasury Secretary Geithner on Thursday; * On Wednesday morning, the House Financial Services Committee will mark-up S. 383, a bill that provides for a special inspector general for the U.S. Treasury Department's Troubled Asset Relief Program—or TARP. In the afternoon, that panel’s subcommittee on financial institutions and consumer credit will conduct a hearing on "Mortgage Lending Reform: A Comprehensive Review of the Mortgage Lending System”; and * The Joint Economic Committee will hold a hearing on TARP accountability and oversight on Wednesday.
Also, as noted in CUNA’s March 9 News Now
, on Thursday, the House Financial Services subcommittee on capital markets, insurance and government-sponsored enterprises will examine mark-to-market accounting practices and its implications. CUNA will submit a statement for the record of this hearing.