Government Relations Policy Updates

House Energy and Commerce and Ways and Means Committees Release ACA Repeal Legislation with Administrative Simplification Intact

Posted March 6, 2017

On March 6, 2017, The Energy & Commerce and the Ways & Means Committees each released their parts of the ACA repeal and replace effort. Section 1104, which called out the ACH Network as the EFT Standard in healthcare payments, was left intact. Both Committees will be marking up their respective bills on March 8, at 10:30 a.m. The Budget Committee will combine the separate bills into one package before sending to the House floor.

Federal Reserve Governor Powell Gives Remarks on Faster Payments Taskforce

Posted March 3, 2017

On March 3, 2017, Federal Reserve Governor Powell indicated in remarks to the Yale University Center for Corporate Law, that the Fed's Faster Payments Task Force will issue its final report “in the middle of the year”, presumably this summer. He reaffirms the Fed’s commitment to a more efficient real-time payments system and urges the industry and other stakeholders to continue the work of bringing ubiquitous real-time payments systems and services to the U.S. market.

Hensarling’s Choice Act Slated for Floor Action in the House in Months

Posted March 1, 2017

On March 1, 2017, Rep. Blaine Luetkemeyer (R-MO) told attendees of a credit union conference that the Choice Act will see floor action in the next two to three months. The Financial Choice Act is a bill sponsored by House Financial Services Chairman Jeb Hensarling (R-TX) that seeks to undo parts of the 2010 Dodd Frank law. A major reform of the CFPB is included, however, the bill will likely be altered once the Senate takes it up.

Government Relations Policy Updates Archives (Nov. 2016 - Feb. 2017)

Posted February 28, 2017

The following is an archival of NACHA's Government Relations Policy Updates from November 2016 through February 2017.