Tag Archives: HUD

House Set to Vote on CHOICE Act; Agency Nominations, Budgets, and Rulemakings Under Review

Legislative Activity House Set to Choose Path for CHOICE Act as Senate Holds Hearing on Community Banking This week, the House is set to vote on H.R. 10, the Financial CHOICE Act of 2017 (CHOICE Act). After a contentious markup in the House Financial Services Committee last month, the bill was favorably voted out of … Continue Reading

Trump Releases FY 2018 Budget Blueprint and Sends FY 2017 Military and Border Supplemental to Congress

Executive Branch Activity Trump Releases FY 2018 Budget Blueprint Last week, President Donald Trump released his FY 2018 “skinny budget,” intended to serve as the blueprint for his full budget request expected in May. As anticipated, the $1.1 trillion budget request adheres to the topline discretionary spending cap of $1.1 trillion mandated by the Budget … Continue Reading

Carson Nomination Gets a Vote; Financial Services Regulators Pause, Prepare for Trump Administration

Legislative Activity Senate Banking Committee Set to Vote on Carson Nomination This Tuesday, January 24, the Senate Banking Committee is set to vote on the nomination of Dr. Ben Carson to be Secretary of the Department of Housing and Urban Development (HUD). Two weeks ago, Dr. Carson received a fairly warm welcome from both Democrats … Continue Reading

Terrorism Financing, Consumer Protection in Spotlight; Various Financial Services Regulators to Meet

Legislative Activity Senate Banking Takes on Terrorism Financing Taking the lead from the House Financial Services Committee, which held a hearing earlier this month to exam the terrorism financing implications of the “ransom payments” to Iran, the Senate Banking Committee will hold a hearing this Wednesday on the matter. Outside of the more recent focus … Continue Reading

House Financial Services Committee Puts Spotlight on Housing; DOL to Make Changes to Fiduciary Rule

Legislative Activity Housing Policy in Spotlight as HUD Turns 50 This week the House Financial Services Committee will focus the majority of its attention on housing policy, as part of a look at the Department of Housing and Urban Development’s (HUD) fifty-year anniversary.  Financial services lawmakers will hold two hearings: one looking at the role … Continue Reading

Financial Services Committee Continues Housing Focus; FSOC Adopts Changes

Legislative Activity Financial Services Committee Continues to Focus on Housing As mentioned previously, House Financial Services Committee Chairman Jeb Hensarling (R-TX) plans to make reforming the housing finance market a “huge priority” this Congress. After having already held a hearing with Federal Housing Finance Agency (FHFA) Director Mel Watt, this week the Committee will question … Continue Reading

President Likely to Seek Increased Funding for SEC, CFTC

Legislative Activity President Obama to Unveil FY 2016 Budget Later today, President Obama is set to unveil his FY 2016 Budget (Budget). As in previous years, we anticipate that President Obama will seek increased funding for the Securities and Exchange Commission (SEC) and Commodities Future Trading Commission (CFTC) than was allocated by Congress for this … Continue Reading

General and Financial Services Updates from the First Week of the 114th Congress

House of Representatives Leadership Speaker John Boehner (R-OH) was reelected as Speaker of the House. A small faction of the Republican Party – 25 Members – did not vote for him. As a result, two of those Members, Florida Congressmen Richard Nugent and Daniel Webster, lost their seats on the influential House Rules Committee. Scott … Continue Reading
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