This week: Deregulation comments due, House to consider budget

The first order of business this week for the House is consideration of the Senate-passed budget resolution. The House Rules Committee will meet on the bill today, setting up a floor vote later in the week.

The bill contains only homeland security and judiciary-related language, without any tax-related provisions. America’s Credit Unions engaged with Senators last week during the upper chamber’s consideration of the bill—including during the vote where no amendments were ultimately accepted.  The efforts will continue this week with the House, in an effort to ensure no additional amendments are added.

On Tuesday, the House Financial Services Committee is scheduled to hold a hearing evaluating the impact of capital proposals on Main Street economic growth.

Bankers have their annual fly-in to Washington, D.C., scheduled later this week. America’s Credit Unions will engage members of Congress throughout the week sharing data that highlights the credit union difference.

On the regulatory side, comments are due today on the sixth round of Deregulation Project proposals from the NCUA. The proposals cover:

• Post-election training for new board members;
• Compensation in connection with loans to members and lines of credit to members;
• Purchase, sale, and pledge of eligible obligations;
• Refund of interest;
• Credit union service contracts; and 
• Statutory liens.