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Washington
As Adjournment Approaches, Congress Moves to Complete Work
WASHINGTON (12/10/13)--With a scheduled adjournment approaching at the end of the week, Congress will race to wrap up unfinished business this week, which could include the confirmation of Rep. Mel Watt (D-N.C.) to lead the Federal Housing Finance Agency.

Conference reports on the Farm bill, the Defense bill and the budget could be considered before the House adjourns on Thursday or Friday of this week. The Senate may consider these bills as well. Also in the Senate, votes on pending judicial nominations are scheduled to be held.

Consideration of the defense authorization bill could also take place, and CUNA Senior Vice President of Legislative Affairs Ryan Donovan said CUNA is following that bill closely "because of its history of being an incubator, of sorts, for financial services policy."

Hearings scheduled for this week include:
  • A Tuesday Senate Finance Committee hearing on John Koskinen's nomination to oversee the U.S. Internal Revenue Service;
  • A Tuesday Senate Banking Committee hearing entitled "Housing Finance Reform: Fundamentals of Transferring Credit Risk in a Future Housing Finance System.";
  • A Tuesday House Energy and Commerce manufacturing and trade subcommittee hearing on the state of online gaming and the Internet Poker Freedom Act (H.R. 2666). H.R. 2666 would establish a program for the licensing of Internet poker by States and federally recognized Indian tribes;
  • A Wednesday House Financial Services Committee hearing on international finance, during which U.S. Treasury Secretary Jack Lew will testify;
  • A Wednesday Senate Banking Committee hearing on rebuilding American manufacturing; and
  • A Thursday House Financial Services Committee hearing entitled "Rethinking the Federal Reserve's Many Mandates on Its 100-Year Anniversary."
When the House goes out this week, it is expected to adjourn until Jan. 6. The Senate has not announced an adjournment date, and may be in session next week.

CUNA has also released a new webcast to help credit unions keep track of Congress. For more on the webcast, see News Now story: New Monthly CUNA Webcast Keeps CUs Updated On Congress.


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