Legislative Activity Senate to Vote on TRIA Reauthorization Bill, Federal Reserve Membership This week, the Senate is expected to consider a bill (S. 2244) that would reauthorize the Terrorism Risk Insurance Act (TRIA) for seven years, while making few changes to the current program. On July 10, Senate leadership agreed to a list of four … Continue Reading
Legislative Activity Senate Banking Committee Likely to Markup GSE Reform Bill It appears as if the Senate Banking Committee is likely to hold a markup of legislation to reform the government-sponsored enterprises (GSEs), the “Housing Finance Reform and Taxpayer Protection Act of 2013” (S. 1217), this week; however, given the fluid nature of the situation, the … Continue Reading
On Tuesday, December 10, the Senate completed a series of procedural votes on the nomination of Rep. Mel Watt (D-NC) to head the Federal Housing Finance Agency (FHFA), voting 57-41 to confirm Rep. Watt as Director of the FHFA. The vote broke mostly along party lines. As Director, Rep. Watt has the authority to establish … Continue Reading
