NCUA Board Member McWatters May Be Around for a While

National Credit Union Administration Board member J. Mark McWatters may have given his farewell comments during the board’s July meeting, but the Republican may not be going anywhere for a little while longer.

The Senate officially left town this week for its August recess without voting on McWatters’ replacement, Kyle Hauptman. The Senate is not expected to return until Sept. 8 unless negotiators reach a deal on the coronavirus crisis stimulus legislation.

If that were to occur, Senate Majority Leader Mitch McConnell (R-Ky.), said he would give senators 24 hours to return to the nation’s capital. He added that it also would take the approval of both parties to return before Sept. 8. Even then the Senate might not vote on Hauptman if it is called back for a vote on the stimulus bill.

The NCUA board is not scheduled to meet this month; the next board meeting is scheduled for Sep. 17. The Senate is scheduled to be in session for seven days between Sep. 8 and Sept. 17. The Senate is notorious for moving at a snail’s pace, so Hauptman may not be confirmed by Sept. 17.

If so, McWatters may not have attended his last NCUA board meeting.

Related:

Senate Banking Committee Recommends Hauptman Confirmation for NCUA Board

Hauptman: Provide Incentives for Credit Unions to Become MDIs

NCUA Nominee Hauptman: An Aggressive Dodd-Frank Opponent

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