Newsroom
NAFCU outlines support, opposition for several NDAA amendments
NAFCU Senior Vice President of Government Affairs Greg Mesack Monday wrote to the House Rules Committee to voice the association’s priorities and concerns regarding the fiscal year 2023 National Defense Authorization Act (NDAA) as the committee considers the legislation and what amendments to make in order on the House floor during a Committee meeting today. The Rules Committee is considering over 1,200 amendments that were filed to the NDAA, some of which would affect credit unions.
Mesack reiterated the association’s support for several specific amendments under consideration:
- The Secure and Faire Enforcement (SAFE) Banking Act;
- The SECURE Notarization Act;
- The Fair Hiring in Banking Act; and
- an extension of Central Liquidity Facility (CLF) enhancements first granted under the CARES Act.
In addition, Mesack voiced strong opposition for an amendment that would include provision from the Strengthening Cybersecurity for the Financial Sector Act, which would provide the NCUA with third-party vendor authority, as well as another amendment that would implement new, burdensome cybersecurity reporting requirements.
NAFCU also joined with CUNA, the Independent Community Bankers of America, and the American Bankers Association on a letter in support of the SECURE and SAFE Banking Acts.
In June, NAFCU amplified its continued advocacy on the issue, reiterating the association's longstanding call to protect credit union nominal leases on military installations and prevent efforts to allow all banks to operate rent-free on military bases, in a joint trades letter sent to the House Armed Services Committee. NAFCU consistently advocates against this bank-sought provision in the NDAA and will continue its vigilance with NDAA in this regard.
NAFCU will remain engaged with Congress as they consider the FY2023 NDAA to ensure credit unions concerns are heard.
Share This
Related Resources
Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public
Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing
preferred partner
Pentegra
Webinar
Turning Lemons into Lemonade: Capitalizing in a Post-Banking Crisis Era
Strategy
preferred partner
Allied Solutions
Blog Post
Ensuring Safety and Soundness with AI
Management, Consumer Lending, FinTech
preferred partner
Upstart
Blog Post
Add to Calendar 2024-05-02 14:00:00 2024-05-02 14:00:00 Mastering Resilience in Incident Response Plans About the Webinar An Incident Response (IR) plan is crucial for guiding credit unions through major incidents efficiently and effectively. However, many IR plans lack resilience, making them less adaptable to the evolving threat landscape. Join us for our webinar Mastering Resilience in Incident Response Plans where DefenseStorm cyber experts Elizabeth Houser and James Bruhl will delve into the importance of resiliency within cybersecurity IR plans. Don’t miss out on the opportunity to learn how to: Ensure IR plan accessibility so that all team members with assigned roles are prepared for effective incident response. Conduct efficient and regular reviews to ensure roles and responsibilities are current, tools are relevant, and compliance requirements are met. Implement and utilize tabletops to regularly test the effectiveness of your IR plan. Enhance preparedness, efficiency, and confidence among responders. View On-Demand Web NAFCU digital@nafcu.org America/New_York public
Mastering Resilience in Incident Response Plans
preferred partner
DefenseStorm
Webinar
Get daily updates.
Subscribe to NAFCU today.