This week: Senate in D.C., to vote on Crews confirmation to NCUA board

July 27, 2026

The House is out on recess until the end of August, having passed its versions of several must-pass bills before adjourning. The Senate is expected to be in session for the next two weeks before adjourning until after Labor Day.  

America’s Credit Unions has resources available to assist credit unions in engaging with elected officials over the August recess, available in its Advocacy Resource Library under “In-district engagement resources.”

This week, the Senate will continue negotiations on the CLARITY Act, potential government funding, its FY27 National Defense Authorization Act, and more, any of which could move forward this week.  

This could also include a floor vote to confirm John Crews to serve on the NCUA Board, replacing current Chairman Kyle Hauptman, as Senate Majority Leader John Thune (R-SD) filed a resolution for an en bloc group of 74 nominees that includes Crews.

Today, comments on three separate Federal Reserve proposals are due:

  • To amend Regulation D to differentiate between master accounts and a proposed new category of special-purpose payment accounts (Payment Accounts);  
  • To amend Regulation A to specify that a holder of a proposed special-purpose payment account would not be eligible for access to discount window credit made available by the Federal Reserve Banks; and  
  • To revise the Federal Reserve Policy on Payment System Risk, including the proposed addition of a new part to accommodate the provision by Reserve Banks of special-purpose accounts that would clear and settle certain payment activity; and updates to its Reserve Bank guidelines for evaluating requests for access to Reserve Bank accounts and services to accommodate requests for access to Payment Accounts.

There are a few committee hearings happening this week, including one Wednesday with the Senate Special Committee on Aging on AI and senior fraud. The Senate Commerce Committee will also meet Thursday on how AI is impacting communications networks.

To support the critical role credit unions can play in preventing rising fraud targeting older adults, the League System earlier this year introduced an Elder Exploitation Prevention Toolkit. In another effort to protect consumers against fraud, America's Credit Unions, AACUL, and credit unions are preparing to raise awareness of check fraud through the month of August.