Sept. 13, 2012 – NAFCU’s Congressional Caucus continues today with a line-up of general session speakers who have a direct hand in shaping laws and policy affecting credit unions, among them House Financial Services Chairman Spencer Bachus, R-Ala., Federal Housing Finance Agency Acting Director Ed DeMarco and Rep. Brad Sherman, D-Calif.
Bachus has been leading his committee’s close scrutiny of Dodd-Frank Act implementation, including creation of the Consumer Financial Protection Bureau and the impact of the bureau’s activities on the financial industry and small businesses. DeMarco has been in a face-off with Treasury over the issue of mortgage principal forgiveness. Sherman, meanwhile, has been a staunch supporter of increasing credit unions’ member business lending authority and is the chief Democratic cosponsor of legislation to allow credit unions access to supplemental capital. He has also urged the Federal Housing Administration to take another look at its strategic default policy.
The Congressional Caucus is NAFCU’s credit union lobbying event of the year. Participants began their own Hill visits Wednesday to talk to lawmakers about key issues affecting their members, including MBL, supplemental capital and the need to preserve credit unions’ tax exemption in connection with any measures designed to deal with the looming "fiscal cliff."
Today’s other general session speakers include:
- Mark Calabria, director of Financial Regulation Studies, Cato Institute;
- Rep. John Campbell, R-Calif., member of the House Budget, Joint Economic, and Financial Services Committees;
- Rep. Shelley Moore Capito, chairman of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit;
- Rep. Jason Chaffetz, R-Utah, member of the House Committees on Budget and Judiciary;
- Rep. Sean Duffy, R-Wis., member of the House Financial Services Committee and Joint Economic Committee;
- Sen. Rand Paul, R-Ky., member of the Small Business and Entrepreneurship Committee;
- Rep. Edwin Perlmutter, D-Colo., member of the House Financial Services Committee;
- Sen. Jack Reed, D-R.I., a senior member of the Senate Banking Committee;
- Sen. Bernie Sanders, I-Vt., member of the Joint Economic Committee; and
- Rep. Maxine Waters, D-Calif., member of the House Financial Services Committee.