WASHINGTON—As the Senate begins a two-week recess Monday, NAFCU said it will monitor hearings in the House Tuesday on fundamental tax reform proposals and another on oversight of the Federal Communications Commission.
The House Ways and Means Tax Policy Subcommittee will hold a hearing to review various tax reform proposals. This will be the first hearing in a series where members will share, discuss and promote their tax reform proposals, NAFCU stated. Committee member Devin Nunes (R-CA) will testify during the hearing on his tax reform bill, which specifically exempts credit unions. The hearing is slated to begin at 2:30 p.m. ET.
Also on Tuesday the House Energy and Commerce Subcommittee on Communications and Technology will discuss the oversight of the Federal Communications Commission in a hearing set for 10:15 a.m. ET.
In other hearings Tuesday:
- The House Financial Services Committee will hear testimony from Treasury Secretary Jack Lew on the state of the international financial system.
- The House Financial Services Subcommittee on Housing and Insurance is looking at the future of housing in America along with regulations and the high cost of housing.
- The House Committee on Armed Services will review the fiscal 2017 national defense authorization budget request from the Department of Defense.
- The House Homeland Security Cybersecurity, Infrastructure Protection, and Security Technologies Subcommittee will review the role of cyber insurance in risk management.
On Thursday NAFCU Senior Regulatory Affairs Counsel Michael Emancipator and Regulatory Affairs Counsel Alexander Monterrubio will attend CFPB’s Credit Union Advisory Council meeting on the bureau’s strategic outlook and elder financial abuse.