Advocacy Update

Leaders from multiple credit union leagues are engaged in the fall Hike the Hill this week to connect with lawmakers and regulators. 

The fall Hike the Hill meetings are kicking into high gear this week, with credit union leaders visiting lawmakers in Washington, D.C. as the House and Senate both return to session. Along with our Dakota group, CU Leagues from Florida, Georgia and Alabama, Louisiana, Montana, Ohio, Utah, and Virginia are bringing credit union professionals from across their states to focus on industry concerns on Capitol Hill. Be sure to follow DakCU’s social media platforms (Facebook, Twitter, and LinkedIn) as we connect with both lawmakers and regulators! 

Photo left: SD delegation includes Jay Kruse, President/CEO Norstar FCU; Jeff Schmidt, President/CEO Voyage FCU; Steve Stofferahn, VP Lending, Levo FCU; and Rick Preble, Chief Experience Officer, Black Hills FCU. Photo center: Amy Kleinschmit, Chief Compliance Officer, DakCU. Photo right: ND delegation includes Tyler Neether, VP Commercial Lending, Town & Country CU; Jeff Olson, President/CEO DakCU; Melanie Stillwell, President/CEO, Western Cooperative CU; and Steve Davis, Senior Vice President, First Community CU. 

The CUNA-League system is rolling out new banner ads and digital ads this week, focusing on the interchange impact on small businesses while credit union visitors are in town. These resources and more are available on CUNA’s Advocacy Interchange page.
 
Also this week, the House of Representatives will consider H.R. 4365, the Department of Defense Appropriations Act for Fiscal Year 2024; and H.R. 1435, the Preserving Choice in Vehicle Purchases Act. In the Senate, consideration will resume for Tanya J. Bradsher to be Deputy Secretary of Veterans Affairs.
 
In Committee this week.
 Tuesday

• The Senate Banking, Housing and Urban Affairs Committee will hold a hearing: “Oversight of the U.S. Securities and Exchange Commission."
• The Senate Banking, Housing and Urban Affairs Committee will hold a hearing: “Housing Supply and Innovation."
• The Senate Commerce, Science and Transportation Committee will hold a hearing: “The Need for Transparency in Artificial Intelligence."
• The Senate Judiciary Committee Privacy, Technology, and the Law Subcommittee will hold a hearing: “Oversight of A.I.: Legislating on Artificial Intelligence."

Wednesday

• The House Committee on Small Business Subcommittee on Economic Growth, Tax, and Capital Access will hold a hearing: “Enabling Success: Examining the Competitive Landscape for Small Businesses."
• The House Committee on Financial Services will hold a hearing: “Oversight of the Committee on Foreign Investment in the United States (CFIUS) and Other Efforts to Strengthen National Security in the United States.”

Thursday

• The House Committee on Financial Services Subcommittee on Financial Institutions and Monetary Policy will hold a hearing: “Implementing Basel III: What's the Fed's Endgame?”
• The House Committee on Oversight and Accountability Subcommittee on Cybersecurity, Information Technology, and Government Innovation will hold a hearing: “How are Federal Agencies Harnessing Artificial Intelligence?"
• The Senate Homeland Security and Governmental Affairs Committee will hold a hearing: “Governing AI Through Acquisition and Procurement."
• The House Committee on Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion will hold a hearing: “Digital Dollar Dilemma: The Implications of a Central Bank Digital Currency and Private Sector Alternatives.”
  

Please contact Jeff Olson or Amy Kleinschmit with any advocacy questions or concerns.