Newsroom

February 24, 2017

Congress returns for State of the Union, more

Lawmakers return to Congress this week for the president's State of the Union address and a House vote on the NAFCU-backed "SCRUB Act," both set for tomorrow.

The "Searching for and Cutting Regulations that are Unnecessarily Burdensome (SCRUB) Act" was reintroduced by Rep. Jason Smith, R-Mo., this year after he first introduced it during the last Congress. The bill would establish a review process for regulations and identify those that should be repealed or amended to reduce unnecessary regulatory burdens throughout the government.

Also this week, NAFCU President and CEO Dan Berger will meet with Federal Housing Finance Agency Director Mel Watt to discuss top credit union concerns. NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt, Vice President of Legislative Affairs Brad Thaler, Director of Regulatory Affairs Alexander Monterrubio and Regulatory Affairs Counsel Ann Kossachev will also attend the meeting.

The House Financial Services Committee will meet tomorrow to adopt views and estimates on the fiscal year 2018 budget.

The House is also set to vote on the Regulatory Integrity Act, introduced by Rep. Tim Walberg, R-Mich., on Wednesday.