Newsroom
House passes 1-month budget extension; Senate vote expected
The House Tuesday passed a short-term spending bill to extend federal government funding through Dec. 20. As current funding is set to expire at midnight tomorrow, Senate leaders said the chamber will vote on the continuing resolution before the deadline in order to avert a shutdown. President Donald Trump has indicated he will sign the short-term extension.
The bill would also extend the National Flood Insurance Program (NFIP) through Dec. 20, and includes language that would allow a military pay raise, provide extra funding for the 2020 census, and prevent a $7.6 billion rescission in highway funds next summer. Lawmakers will continue to sort through a dozen longer-term spending bills ahead of the December deadline.
Congress is also seeking to complete work on the National Defense Authorization Act (NDAA) before the end of the year. Late last month, Senate Armed Services Committee Chairman Jim Inhofe, R-Okla., offered a "skinny" version of the NDAA that does not include a NAFCU-opposed provision that could disadvantage credit unions. While the NDAA conference committee continues to debate a final version of the bill, the "skinny" proposal would likely be considered as an alternative if a compromise cannot be reached on a larger package.
Also happening on Capitol Hill today, a House Financial Services subcommittee will hold a follow-up hearing to the one NAFCU testified at on minority depository institutions. Today's hearing will feature regulators, including a representative from the NCUA.
Stay tuned to NAFCU Today the latest on credit union issues being considered in Washington; the association's Grassroots Action Center also has more information available and allows credit unions to contact lawmakers directly on these issues.
NAFCU will continue to keep credit unions updated as government funding discussions continue.