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NAFCU lobbyists will be on Capitol Hill to monitor several hearings this week, including House Financial Services subcommittee hearings on cyber threats and capital access programs.

NAFCU will also closely monitor the scheduled mark-up of regulatory relief legislation at the Senate Banking Committee on Thursday (read more here).

Tomorrow, the House Small Business Subcommittee on Economic Growth, Tax and Capital Access will hold a hearing on improving capital access programs within the Small Business Administration. The hearing will include testimony from representatives of the National Association of Development Companies and the Small Business Investor Alliance.

NAFCU continues to push lawmakers for supplemental-capital access for all credit unions and to urge NCUA to utilize its current statutory authority to allow such access for risk-based capital purposes. NCUA earlier this month set up a secondary capital working group webpage for those interested in helping the agency increase access to supplemental capital.

Also tomorrow, the House Financial Services Subcommittee on Financial Institutions and Consumer Credit will hold a hearing on "Protecting Critical Infrastructure: How the Financial Sector Addresses Cyber Threats." Witnesses will include representatives from The Clearing House, Financial Services Forum, and Financial Services Sector Coordinating Council. NAFCU continues to push lawmakers to support H.R. 2205, the "Data Security Act of 2015" – which was hailed as "the ideal vehicle" for dealing with notification issues in a House Financial Services Committee hearing last week.

Other hearings NAFCU will monitor include:

• a House Financial Services Subcommittee on Housing and Insurance hearing tomorrow on "The Future of Housing in America: Oversight of the Rural Housing Service"; and
• a House Financial Services Committee hearing Thursday titled "A Dangerous Nexus: Terrorism, Crime, and Corruption."