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NAFCU will be active on Capitol Hill this week pushing for credit union regulatory relief on several fronts as the House prepares in the coming weeks to consider the NAFCU-backed Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155). NAFCU has been working to advance S. 2155 since it was introduced by Senate Banking Committee Chairman Mike Crapo, R-Idaho, and several Democratic members of the committee in November. The association also has an active grassroots campaign urging credit unions to contact their lawmakers in support of this regulatory relief effort.

S. 2155 includes various credit union regulatory relief measures related to member business lending (MBL) and the Home Mortgage Disclosure Act (HMDA). The bill passed the Senate in March. As NAFCU keeps up the push for regulatory relief, the association will update credit unions on the bill's progress.

The House on Tuesday is scheduled to consider a NAFCU-backed bipartisan bill – the Small Business 7(a) Lending Oversight Reform Act of 2018 (H.R. 4743) – that would improve the Small Business Administration's (SBA) 7(a) loan program. A NAFCU witness testified in favor of improvements to the SBA's 7(a) in January, and the legislation advanced out of the House Small Business Committee in March. Similar legislation is also pending consideration in the Senate.

The House is also expected to vote on S.J. Res. 57 this week. This resolution invokes a new use of Congressional Review Act (CRA) authority, and would repeal the CFPB's 2013 guidance on indirect auto lending. The Senate passed the resolution last month, and House action would send it to the president, who is expected to sign it.

Also on Capitol Hill this week:

• On Wednesday, both the House Ways and Means Committee and a House Education and the Workforce subcommittee will look at how to address the jobs gap.
• On Thursday, the House Budget Committee will hold a hearing allowing House members to share their ideas for the fiscal year 2019 budget resolution.

In other happenings this week:

• NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt, Director of Regulatory Affairs Alexander Monterrubio and Regulatory Affairs Counsel Andrew Morris today are attending an Office of Critical Infrastructure Protection and Compliance Policy Information Security Risk Management Roundtable at the Treasury Department.
• The NAFCU Regulatory Committee meeting holds its May meeting on Tuesday.
• NAFCU Regulatory Affairs Counsel Ann Kossachev on Thursday will attend the Peter G. Peterson Foundation's Fiscal Summit, which will examine how to build a fiscally sustainable path for America.
• NAFCU Regulatory Affairs Counsel Kaley Schafer on Thursday will attend a Small Business Administration Office of Advocacy roundtable on the CFPB's requests for information on the bureau's rulemaking processes its adopted regulations and new rulemaking authorities.  
• Also, throughout this week, NAFCU's sold-out Board of Directors and Supervisory Committee Conference takes place in Newport, R.I.