ABA yesterday urged Senate leaders to pass the Cybersecurity Information Sharing Act — which may be brought to the Senate floor for a vote this week — and to defeat any amendments offered that would undermine the legislation.
With the House now in recess and the Senate leaving Washington, D.C., this week, lawmakers will spend August in their home states to meet with constituents. Bankers are encouraged to set up appointments now if they have not done so already.
Senate Majority Leader Mitch McConnell (R-Ky.) said last week that he expects to bring the ABA-backed Cybersecurity Information Sharing Act to a vote in the Senate this week, although legislative procedures may prevent its reaching the floor.
The Senate yesterday passed a three-month extension to the Highway Trust Fund that the House had passed on Wednesday, providing both houses of Congress with more time to resolve differences about how to fund a longer-term roads bill.
With bipartisan majorities, the House Financial Services Committee yesterday passed several bills that are part of ABA’s Agenda for America’s Hometown Banks.
With a provision that would reduce the dividends paid on Federal Reserve Bank stock to Fed member banks still included in the Senate’s Highway Trust Fund reauthorization bill, ABA and four other trade groups representing the entire banking industry yesterday urged House leaders to reject the revenue-raising provision.
ABA today urged the House Financial Services Committee to approve several bills that are part of ABA’s Agenda for America’s Hometown Banks when the panel meets tomorrow.
The House Financial Services Committee is scheduled to meet tomorrow to begin voting on several bills that are part of ABA’s Agenda for America’s Hometown Banks.
ABA this week is running ads in Capitol Hill publications and on D.C.-area talk radio stations urging Congress to let the payments industry continue to develop innovative solutions to secure payments — and not mandate static technologies such as chip-and-PIN, which is fast becoming out of date.
ABA today welcomed the Federal Reserve’s proposed rule counting certain municipal bonds as high-quality liquid assets under the Liquidity Coverage Ratio — a measure ABA has advocated for since the regulatory agencies first published the liquidity standards — but described it as a “modest step” that leaves the band of eligible HQLA too narrow.