Washington Wire

This week in Washington, the House of Representatives has left town and will reconvene Sept. 5. Upon returning, we expect the House to consider the remaining eight appropriations bills that remain after passage of the first four bills last week. No significant committee action of interest to credit unions is expected to be considered this […]

This week in Washington, the House of Representatives has left town and will reconvene Sept. 5. Upon returning, we expect the House to consider the remaining eight appropriations bills that remain after passage of the first four bills last week. No significant committee action of interest to credit unions is expected to be considered this week in the Senate.
The Senate is expected to consider the confirmation of Kevin Christopher Newsom to be United States Circuit Judge for the Eleventh Circuit. In addition, the Senate plans to consider the National Defense Authorization Act for Fiscal Year 2018 on the floor. The Senate Armed Forces Committee Chairman John McCain (R-AZ) will not be in Washington to manage the bill on the floor as he is returning to Arizona for more treatment for a brain tumor.
As you likely know, last week the Senate debated health care legislation. Senate Republicans dropped consideration of the bill after their strategy failed to garner the needed 50 votes to pass the Senate. In fact, the House came close to delaying their departure as it appeared that the Senate would pass a health care bill. Nevertheless, the bill the Senate considered is currently “back on the calendar” since the last vote on the defeated “skinny” Obamacare repeal was on an amendment and not on the bill. Therefore, the bill could be brought up again with only a simple majority (the amendment failing would not cause the bill to lose its privilege, and so a 60 vote threshold would not be required).
The week of Sept. 5, the House is expected to consider the Financial Services and General Government Appropriations Act for Fiscal Year 2018. The Senate Appropriations Subcommittee on Financial Services and General Government is expected to markup its FY 18 legislation that week, as well. Read the full Washington Wire here.
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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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