Removing Barriers Blog

The Week Ahead in Washington - June 26, 2017
Posted June 26,2017 by CUNA Advocacy

Both Houses of Congress are in session this week and are expected to recess Friday for the Independence Day work period.  Last week, the Senate released its proposed legislation to repeal and replace Obamacare. The Republicans can only lose two GOP Senators on the vote for the bill in order for it to pass the chamber. Five Republican Senators (Cruz, Lee, Heller, Paul, and Johnson) have come out against the bill as written.  As no Democratic support is expected, the bill is likely doomed without significant changes.  

The House is expected to consider health care and homeland security legislation.  Last week, House Speaker Paul Ryan (R-WI) gave a much anticipated speech on tax reform.  His speech was short on details but he did say that Republicans would pass tax reform this year.  The Trump Administration plans to release a detailed tax reform plan in September.  The House of Representatives has already released a plan called “A Better Way” that outlines what the House tax reform package will likely resemble when completed.  

On Wednesday, Faith Anderson, Senior Vice-President and General Counsel of American Airlines Federal Credit Union will testify on behalf of CUNA before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit regarding BSA/AML Compliance.  All hearings will take place in Room 2128 of the Rayburn House Office Building and will be broadcast live at www.financialservices.house.gov  


ON THE FLOOR 

The House of Representatives will consider H.R. 3003, the No Sanctuary for Criminals Act; H.R. 3004, Kate's Law; and H.R. 1215, the Protecting Access to Care Act of 2017. 

The Senate will consider the nomination of Kristine L. Svinicki, of Virginia, to be a Member of the Nuclear Regulatory Commission.  In addition, the Senate is expected to consider legislation to repeal and replace Obamacare. 


IN COMMITTEE 

TUESDAY 

  • The Senate Foreign Relations Committee will meet to vote on the nomination of Mark Andrew Green, of Wisconsin, to be Administrator of the United States Agency for International Development. 
  • The House Committee on Financial Services Subcommittee on Capital Markets, Securities, and Investment will hold a hearing: “U.S. Equity Market Structure Part I: A Review of the Evolution of Today’s Equity Market Structure and How We Got Here” 

WEDNESDAY 

  • The House Committee on Financial Services Subcommittee on Monetary Policy and Trade will hold a hearing: “The Federal Reserve’s Impact on Main Street, Retirees, and Savings” 
  • The House Committee on Financial Services Subcommittee on Financial Institutions and Consumer Credit will hold a hearing: “Examining the BSA/AML Regulatory Compliance Regime  

THURSDAY 

  • The Senate Banking, Housing and Urban Affairs Committee will hold a hearing: "Principles of Housing Finance Reform."