Financial Institutions/Investments/Securities

Issues related to reducing the cost of identity fraud for financial institutions and protecting consumers (no bill) Issues related to privacy and consumer data (no bill)

Regulatory structure for digital assets Matters of blockchain and digital currencies and

Matters relating to financial services.

Financial investing

Financial services issues around credit reporting and liability

business lending, field of membership, credit card legislation

Congressional updates

Role of private capital in infrastructure investment.

Industrial Loan Corporations and Industrial Banks Banking regulations Financial service regulations

H.R. 1181, the Protecting Privacy in Purchases Act Credit Card Competition Act HR 6544 The Regulatory Efficiency, Verification, Itemization, and Enhanced Workflow (REVIEW) Act H.R. 4429, the Developing and Empowering our Aspiring Leaders (DEAL) Act H.R. 4430, the Expanding WKSI Eligibility Act H.R. 4431, the Improving Capital Allocation for Newcomers (ICAN) Act S 2989 Stop Medical Profiteering and Theft (MPT) Act H.R. 4130, the Small Business Relief Act H.R. 6541, the Regulation A+ Improvement Act HR 4801 Unleashing AI Innovation in Financial Services Act HR 3959 Protecting Private Job Creators Act S. 710 Crypto ATM Fraud Prevention Act H. R. 1919 Anti-CBDC Surveillance State Act H.R. 3633, the CLARITY Act (crypto market regulation) Responsible Financial Innovation Act PE and childcare Crypto tax policy HR 3383, the INVEST Act Proxy advisors H.R. 5577 the NFIP Extension Act of 2026 Insurance crisis consumer protections, supervision, and bailout policy National Flood Insurance Program (NFIP) policy reform

H.R. 5299 - DFC Modernization Act of 2025.

Richard D. Heideman and Heideman Nudelman & Kalik, PC, Washington, DC represent Solvi Cyprus, which has an existing agreement with the National Bank of Uzbekistan to provide citizens of Uzbekistan with a VISA-platform payment system. Members of Congress and of the US government are being or will be contacted with regard to supporting Solfy Cyprus' continuation of providing VISA-platform payment services to citizens of Uzbekistan, consistent with US national security and economic interests encouraging free market based regional economic development initiatives and services.

Lobbying for Congressional support to urge those responsible for Palestinian terror to resolve the claims of the United States victims who were injured and/or killed as a result of terrorism.

Lobbying for Congressional support to urge Libya to resolve the claims of the United States victims who were injured and/or killed on November 23, 1985, and their family members, as a result of the Libyan sponsored terrorist attack on EgyptAir Flight 648.

Issues related to federal student loan servicing; Issues related to banking

Congress updates

Congressional updates

Advocating for creation of the Canada-Organization of American States (OAS) Trade Bloc (COASTB), in adherence and compliance with The United States Code Title 12, Title 15, Title 19, Title 22, Title 26, Title 31, and Title 35; The American Declaration of the Rights and Duties of Man, The American Convention on Human Rights (ACHR); whereby, in accordance with the Bank of Canada Act (R.S.C., 1985, c. B-2), the Financial Administration Act (R.S.C., 1985, c. F-11), the Financial Consumer Agency of Canada Act (S.C. 2001, c. 9), the Export Development Act (R.S.C., 1985, c. E-20), the Canadian International Trade Tribunal Act (R.S.C., 1985, c. 47 (4th Supp.)), and the Investment Canada Act (R.S.C., 1985, c. 28 (1st Supp.)), whereas the primary purpose of the Canada-Organization of American States (OAS) Trade Bloc (COASTB) is to stimulate international trade, Foreign Direct Investment (FDI), international economic development and growth, lowering and reducing trade barriers and tariffs, thereby, facilitating global access to the Canadian stock market. Subsequently, the combined GDP of the Organization of American States (OAS) 35 member states is approximately USD $33.9 trillion. Therefore, the Canada-Organization of American States (OAS) Trade Bloc (COASTB) would create, develop and establish a USD $33.9 trillion regional economic development and international trade marketplace.

Building support for S. 1880,The CDFI Bond Guarantee Program Improvement Act of 2025, introduced by Senator Tina Smith. Support for Senate Amendment 3732 to the National Defense Authorization Act for Fiscal Year 2026 (S. 2296) which included the CDFI Bond Guarantee Program Improvement Act in the bill as well as language re the Capitalization Assistance to Enhance CDFI Liquidity. And general education, outreach and support to encourage members of Congress to maintain and strengthen the CDFI Fund within the Treasury Department and the programs administered by the CDFI Fund.

General issues related to international payments including the de-risking of remittances. Support greater access to financial services and financial inclusion. Promote payment infrastructure modernization and competition including matters related to nonbank access to Federal Reserve payment systems and FedNow. Support greater equity for merchants pertaining to debit and credit card interchange fees.

Issues of concern for the investments of large multinationals.

Issues related to capital and liquidity standards Issues related to risk-based capital requirements Issues related to leverage capital requirements Issues related to the capital surcharge for global systemically important banks Issues related to Basel III finalization Issues related to the regulation of nonbanks Issues related to the Federal Reserves stress testing regime Issues related to the supervision of large banks Issues related to payment stablecoins and issuers Issues related to digital asset market structure Issues related to bank intermediation of digital assets S.394: Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act of 2025 H.R. 3633: Digital Asset Market Clarity (CLARITY) Act Issues related to the provision of bank services Issues related to deposit insurance S. 2999 Main Street Depositor Protection Act H.R.5270: Stress Testing Accountability and Transparency Act Nominations

Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standard as the financial service industry has to abide by and require that retailers notify credit unions sooner once a breach occurs. We support the introduction and passage of legislation that ensures all businesses, institutions and organizations that collect, collect, use or share personal data subject to national standards, to include language that preempts state requirements, among other things. MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly changed our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting the Veterans Member Business Loan Act (S.210/H.R. 507) that would exempt credit union business loans to veterans from the member business lending cap and we are supporting the Credit Union Board Modernization Act (S.522/H.R. 975) which would afford federal credit unions flexibility with regard to how often their boards meet. MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and their members. MCUL is calling on Congress to pass bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules and increase the SAR and CTR thresholds. MCUL is urging lawmakers in the House to co-sponsor and support H.R. 1799, the Financial Reporting Threshold Modernization Act which would increase the CTR threshold from $10k to $30k and index it going forward for inflation. It would also increase the SAR threshold from $5k to $10k. MCUL is educating members of our congressional delegation on the growing interest among credit union members and credit unions in cryptocurrency. We believe Congress should explore ways to regulate the delivery of financial services using digital currencies to ensure consumers are protected in the same way if they received financial services a financial institution. We urge Congress to look for ways to enable credit unions and other financial institutions to provide digital assets, so that these services can be properly overseen by federal regulators. Finally, credit unions seek parity with other financial institutions in this area as credit unions must be able to offer digital/crypto products and services directly to their members in the same way that other institutions can to their customers. Lastly, credit unions are non-for-profit member-owned financial institutions. Credit unions' consumer-focused model is self-regulating and a principal reason why credit unions are not covered by the Community Reinvestment Act (CRA). MCUL will educate members of the delegation of the work credit unions are doing to serve low/moderate-income, diverse communities and the negative impacts of including credit unions in the CRA. We will oppose efforts that would result in credit unions of any size being included in the CRA.

Issues related to fixed income markets

Banking Restrictions on US Dollar in Iraq

Credit Card Competition Act; Increase competition HR 3883- Consumer Protections for Financial Services investments

Issues related to publicly traded companies.

Issues regarding the Committee on Foreign Investment in the United States

Issues related to publicly traded companies.

Issues around reseller liability and mortgage requirements