Legislative Activity Senate Banking Committee to Hold Markup of GSE Reform Bill and Vote on Nominations On Tuesday, April 29, the Senate Banking Committee is scheduled to hold a markup of the legislation to reform the government-sponsored enterprises (GSEs), released by Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo in March and based on … Continue Reading
Legislative Activity Representative Garrett Introduces FSOC Transparency Legislation On Thursday, April 3, House Financial Services Subcommittee on Capital Markets Chairman Scott Garrett (R-NJ) introduced legislation to increase transparency at the Financial Stability Oversight Council (FSOC). The legislation would allow all members of the Commissions and Boards represented in FSOC to participate in meetings and vote. The … Continue Reading
Legislative Activity Senate to Hold Hearing on Federal Reserve Nominees This Thursday, March 13, the Senate Banking Committee will hold a hearing on various nominations to the Federal Reserve Board, including the nomination of Stanley Fischer, former Bank of Israel Governor, to be Vice Chairman. The committee will also consider the nominations of former U.S. Treasury … Continue Reading
Legislative Activity House to Vote on Flood Insurance Bill After delaying plans for a vote last week, Majority Leader Eric Cantor (R-VA) is expected to hold a vote on the amended Homeowner Flood Insurance Affordability Act (H.R. 3370) on Wednesday, March 5, under suspension of the rules. Among some of the changes, the latest draft … Continue Reading
LEGISLATIVE ACTIVITY Senate Vote on Fed Chair Expected This Week The Senate is expected to hold a vote on the confirmation of Ms. Janet Yellen to be Chair of the Federal Reserve Board of Governors this week. In addition to pushing for a vote on Ms. Yellen’s confirmation, Senate Democrats have already confirmed two judges … Continue Reading
Legislative Activity Swaps Push Out and Fiduciary Duty Bills Likely To Get A House Vote This Week Two important bills are expected to be voted on by the House this week. The first is the commonly known “swaps push out” bill or H.R. 992. The House Financial Services Committee approved the bill in May and … Continue Reading
Regulatory Activity President Obama Names Pick for New Fed Chair President Barack Obama announced last Wednesday, October 9 that he would nominate current Federal Reserve (the Fed or the Reserve) Vice Chair Janet Yellen to replace outgoing Chairman Ben Bernanke. The President’s announcement comes after several weeks of tense debate on who should be nominated to … Continue Reading
Legislative Activity This Week’s Hearings: Tuesday, September 10: The Senate Banking Committee will hold a hearing on the nominations of Ms. Wanda Felton to be First Vice President of the Export-Import Bank of the United States and Ms. Katherine M. O’Regan to be an Assistant Secretary of the Department of Housing and Urban Development. Tuesday, … Continue Reading
Legislative Activity Administration Nominations to be Considered this Week On Thursday, June 27, the Senate Banking Committee will hold a hearing to consider several of President Obama’s nominations, including Rep. Mel Watt (D-NC) to be Director of the Federal Housing Finance Agency (FHFA); Kara Stein and Mike Piwowar to be Commissioners at the Securities and … Continue Reading
Legislative Branch Activity National Defense Authorization Act (NDAA) The Senate Armed Services Committee filed its bill, S. 1197, on Thursday, June 20. Chairman Carl Levin (D-MI) and Ranking Member James Inhofe (R-OK) would like to bring the bill to the Senate floor in July, but that remains uncertain at this time. Defense Appropriations Last week, … Continue Reading
Legislative Activity Student Loan Interest Rates Last week, the Senate held votes on two competing measures to address federally subsidized student loan interest rates, which expire July 1. Both measures failed to garner the 60 votes needed for passage, setting up likely bipartisan negotiations this and next week to work on a compromise bill before … Continue Reading
