Hensarling, Maloney, Grimm on Congressional Caucus slate
Sept. 4, 2013 – House Financial Services Committee Chairman Jeb Hensarling, R-Texas, a chief sponsor of H.R. 2767, the “Protecting American Taxpayers and Homeowners (PATH) Act,” and committee members Carolyn Maloney, D-N.Y., and Michael Grimm, R-N.Y., will speak to credit unions Sept. 10 during NAFCU’s Congressional Caucus in Washington.
Hensarling, with Rep. Scott Garrett, R-N.J., introduced the PATH Act this summer. The bill would phase out Fannie Mae and Freddie Mac over a five-year period while providing much-needed relief from certain CFPB mortgage rules, which kick in next January. NAFCU testified in support of the bill's mortgage-rule relief measures in July. It also emphasized the importance of ensuring credit unions continued, unfettered access to the secondary mortgage market and fair pricing that recognizes the high quality of credit union underwriting.
Maloney is ranking member of the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises and a senior member of the full committee. She is the chief sponsor of H.R. 1646, which would amend the Federal Credit Union Act to provide a member business loan cap exemption for loans made to aid disaster recovery. Grimm is the bill’s chief Republican cosponsor.
NAFCU’s Congressional Caucus, “Storming the Hill,” begins Sunday at the Mayflower Renaissance Hotel. Credit unions participating will hear directly from lawmakers and will have a chance to meet with them on Capitol Hill to discuss the issues that matter most to the credit union industry, including the credit union federal income tax exemption, regulatory relief and housing finance reform.
Political analyst and columnist Paul Begala is the Caucus keynote speaker. Other speakers include:
- NCUA Board Members Richard Metsger and Michael Fryzel;
- Financial Crimes Enforcement Network Deputy Director Frederick Reynolds;
- Sen. Mark Warner, D-Va.;
- Sen. David Vitter, R-La;
- Sen. Joe Donnelly, D-Ind.;
- Sen. Tim Scott, R-S.C.;
- Rep. Ed Perlmutter, D-Colo.;
- Rep. Ed Royce, R-Calif.;
- Rep. Brad Sherman, D-Calif.;
- Rep. Adrian Smith, R-Neb.;
- Rep. Peter King, R-N.Y.
Metsger’s Caucus address will be his first address before a large gathering of credit unions since he joined the NCUA Board.
Congressional Caucus general sessions begin Sept. 9. All NAFCU members and nonmembers may register.
NAFCU's Congressional Caucus
NAFCU credit union tax exemption issue page
NAFCU housing reform issue page
NAFCU's five-point plan for regulatory relief