This week: Potential floor vote on reconciliation bill, NCUA board meeting

The reconciliation process continues this week in Washington, D.C., with the House Budget Committee advancing the bill in a late Sunday vote. A House floor vote is possible by the end of the week.  

The credit union tax status is not mentioned in the bill, secured through a comprehensive tax advocacy strategy executed by America’s Credit Unions, leagues, credit unions, and other stakeholders to keep credit unions out of the bill.

Starting Tuesday, the House Financial Services Committee will mark up two dozen pieces of legislation, including the America’s Credit Unions-supported Taking Account of Institutions with Low Operation Risk (TAILOR) Act (H.R. 3380), introduced by Rep. Barry Loudermilk, R-Ga.

The bill would require that rules promulgated by regulators be tailored to fit financial institutions’ business models and risk profiles. America’s Credit Unions wrote in support of the bill when it was discussed at a House Financial Services subcommittee hearing in April.

Also happening this week:

• Wednesday, House Appropriations Committee oversight hearing on the Federal Communications Commission, starting at 10 a.m. Eastern;
• Wednesday, Senate Appropriations Subcommittee on Financial Services and General Government hearing on the FY2026 Small Business Administration’s budget request, starting at 2:30 p.m. Eastern; and
• Thursday, NCUA’s May board meeting, with Chairman Kyle Hauptman as the sole board member. The agenda features no voting items, but briefings on the National Credit Union Share Insurance Fund and the agency’s Voluntary Separation Programs. It will be streamed on the NCUA’s website starting at 10 a.m. Eastern.

America’s Credit Unions will keep members informed with the latest updates from Washington, D.C.