Newsroom

August 19, 2016

Former presidential candidate Ted Cruz at Caucus

Sen. Ted Cruz, R-Texas – a candidate in this year's Republican presidential primary – has joined the growing list of lawmakers set to speak before credit union leaders next month during NAFCU's Congressional Caucus in Washington.

The Caucus is NAFCU's lobbying event of the year, providing member and nonmember credit union leaders an opportunity to hear about the top issues affecting the industry and to meet face-to-face about those issues with lawmakers.

Cruz is one of the 70 senators who wrote CFPB in July to urge more regulatory relief for credit unions under the bureau's exemption authority. Cruz also joined Sen. Mike Lee, R-Utah, in April to introduce a NAFCU-backed measure that would fight the Justice Department's Operation Choke Point Initiative.

Cruz chairs the Senate Judiciary Subcommittee on Oversight, Agency Action, Federal Rights and Federal Courts and the Commerce Subcommittee on Space, Science and Competitiveness. Cruz also serves on the Joint Economic Committee, the Armed Services Committee and the Committee on Rules and Administration.

The list of speakers for the Congressional Caucus, set for Sept. 18-21, continues to grow.

Among other recent additions are:

• Sen. Mike Rounds, R-S.D., the author of NAFCU-sought legislation to require that rules be tailored to financial institutions' risk profiles;
• House Financial Services Committee Ranking Member Maxine Waters, D-Calif.;
• Sen. Ben Sasse, R-Neb., who led a NAFCU-backed letter from 70 senators urging CFPB to make better use of its exemption authority;
• House Financial Services Subcommittee Chairman Randy Neugebauer, R-Texas, who is also the lead on the NAFCU-supported "Data Security Act" (H.R. 2205); and
• Rep. French Hill, R-Ark., a chief sponsor of NAFCU-supported legislation that would increase the reporting threshold for open- and closed-end mortgages under the Home Mortgage Disclosure Act.

Attendees can register for Caucus on NAFCU's website. For more updates, follow #NAFCUCaucus on Twitter.