WASHINGTON (4/15/14)--The U.S. Congress is out of session for a two-week Spring District Work Session, but the Credit Union National Association continues its advocacy work on key credit union issues.
A credit union priority that will return to prominence after this late-April break is housing finance reform. CUNA continues to meet with Senate staff in advance of a planned April 29 mark-up of reform legislation drafted by Senate Banking Committee Chairman Tim Johnson (D-S.D.) and ranking Republican member Mike Crapo (Idaho). (See related story: XXXXXX)
CUNA last week outlined several housing finance reform concerns and suggested language to address those issues in a joint trade group letter to Johnson and Crapo, and expects to have additional discussions with staff and perhaps see modifications made to the Johnson-Crapo bill in the coming weeks.
CUNA is also working in anticipation of a vote on patent reform legislation--a markup session that was postponed three times prior to the break. The Senate Judiciary Committee is expected to take up consideration of that bill, the Patent Transparency and Improvements Act (S. 1720), soon after returning to session.
CUNA and credit unions will also be watching Senate calendars closely to see when a confirmation vote might occur for National Credit Union Administration nominee Mark McWatters. The Senate Banking Committee conducted a hearing on the McWatters nomination, along with other Obama administration nominees, on March 13.