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Both the House and Senate wrapped up their current session in Washington Thursday with the passage of a continuing resolution bill funding government operations. Lawmakers are back in their districts preparing for the upcoming fall elections.

The Senate on Thursday approved the House-passed, short-term funding resolution to keep the government open until Dec. 11; Congress will revisit the issue during its lame-duck session when both chambers return Nov. 12.

The short-term funding bill has no impact on NCUA's regulatory activities or the share insurance fund, which are independent of appropriations and paid for by credit unions. However, it ensures the continued operation of the Central Liquidity Facility and Community Development Revolving Loan Fund, as well as the Treasury Community Development Financial Institutions Fund, at fiscal 2014 levels during the period covered.

NAFCU will continue to push the Senate to take up House-passed regulatory relief items, including H.R. 3468, which would ensure credit unions have parity with FDIC-insured institutions when it comes to escrow accounts, such as Interest on Lawyers Trust Accounts. This bill passed the House in May; similar legislation, S. 2689, was introduced in the Senate in August by Sens. Mark Warner, D-Va., and Angus King, I-Maine.

NAFCU will also push for congressional action on a national retailer data security standard and patent reform.