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August 09, 2017

Scott, Royce, Luetkemeyer join Caucus slate

Senate Banking Subcommittee Chairman Tim Scott, R-S.C., House Foreign Affairs Committee Chairman Ed Royce, R-Calif., and House Financial Services Subcommittee Chairman Blaine Luetkemeyer, R-Mo., are the latest additions to the speaker slate at NAFCU's Congressional Caucus next month in Washington.

Congressional Caucus, Sept. 10-13, is NAFCU's credit union lobbying event of the year. Speakers will address the most important legislative and regulatory issues facing the credit union industry today.

Scott, chairman of the Senate Banking Subcommittee on Housing, Transportation, and Community Development, served for seven years on the board of NAFCU-member Heritage Trust Federal Credit Union (Charleston, S.C.). He also sits on the Senate Committees on Finance; Health, Education, Labor and Pensions; Small Business and Entrepreneurship; and Special Aging.

Scott and Sen. Mark Warner, D-Va., are the chief sponsors of the NAFCU-supported Credit Score Competition Act (S. 1685), which would authorize the Federal Housing Finance Agency to set standards and criteria for any process used by either enterprise to validate and approve credit scoring models.

R and L Caucus
Reps. Ed Royce, R-Calif., (left) and Blaine Luetkemeyer, R-Mo.

Royce, in addition to chairing the House Foreign Affairs Committee, serves as a senior member of the House Financial Services Committee. He is a chief sponsor of the Credit Union Residential Loan Parity Act (H.R. 389), introduced earlier this year to exempt certain residential loans from credit unions' federal statutory cap on member business lending.

Luetkemeyer is chairman of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit. He also serves as vice chair of the House Small Business Committee. In April, he reintroduced his NAFCU-backed Community Lending Enhancement and Regulatory Relief (CLEARR) Act (H.R. 2133), which contains several provision for regulatory relief for credit unions.

Congressional Caucus registration is open to members and nonmembers; follow the hashtag #NAFCUCaucus on Twitter for the latest information.