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.
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.