CUNA will be engaged in House floor votes and several hearings in both chambers of Congress this week.
The House is expected to consider two pieces of CUNA-supported legislation on the floor this week. The bills are:
- Ensuring Diversity in Community Banking Act of 2019 (H.R. 5322), which would, among other things, encourage federal government deposits in Minority Depository Institutions (MDIs), establish a Small Business Administration task force focused on MDIs and Community Development Financial Institutions and require diversity and inclusion reports from each prudential regulator; and
- The COVID-19 Fraud Prevention Act (H.R. 6735), which would establish a working group that would be a collaboration between the Securities and Exchange Commission and Consumer Financial Protection Bureau with the goal of helping to protect scam attempts during the pandemic.
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