December 04, 2023

This week: Final NDAA expected, congressional committees hold hearings

CapitolThis week, lawmakers are expected to file the compromised version of the fiscal year 2024 National Defense Authorization Act (NDAA) after the conference committee finished hashing out differences between the two chambers’ bills. Earlier this year, the House and Senate passed versions of the NDAA that did not include NAFCU-opposed provisions related to interchange or military base leases. The final bill also does not include these provisions.

NAFCU will monitor the bill as it moves through both chambers for final passage before the end of the year.

In addition, the House Financial Services Committee tomorrow will hold a hearing on how financial regulators can leverage fintechs to foster financial innovation, as well as one Wednesday on housing affordability. The Senate Banking Committee is slated to hold its annual oversight hearing of big banks Wednesday at 9:30 a.m. Eastern. CEOs from Wells Fargo, JPMorgan Chase, Morgan Stanley, and others will testify at the hearing.

Also happening this week:

·       tomorrow at 2 p.m. Eastern, NAFCU will hold a webinar on how credit unions can leverage artificial intelligence;

·       Wednesday, comments are due to NAFCU on the NCUA’s share insurance rule amendment;

·       Thursday at 2 p.m. Eastern, NAFCU will host a webinar regarding how to apply Bank Secrecy Act (BSA) requirements to transactions to determine when filings are required and how to complete the forms associated with those filings; and

·       also Thursday at 2 p.m. Eastern, the association will hold a webinar on cybersecurity. 

Stay tuned to NAFCU Today for the latest out of Washington.