Tag Archives: Financial institutions

Public Policy Daily Briefing – June 24, 2020

The Trump Administration appears divided on the question of what President Donald Trump’s priorities will be for the next significant federal COVID-19 response package. The Washington Post reports the president supports providing another round of “stimulus” payments to a broad range of US households to support growth by putting money directly into the hands of … Continue Reading

House To Consider Amending Flood Insurance Bill & CFBP Legislative Proposals

Legislative Activity House To Consider Amending Flood Insurance Bill This Wednesday, February 26, and for the duration of the week, the House will consider amending the Homeowner Flood Insurance Affordability Act under suspension of the rules. The legislation would scale back flood insurance rate increases. According to Majority Leader Eric Cantor (R-VA), “the House will … Continue Reading

TRIA Gets Congress’ Attention; FACI Holds Open Meeting

Legislative Activity Terrorism Risk Insurance Reauthorization Gets Congress’ Attention Last week the House Financial Services Committee addressed the issue of reauthorization of the Terrorism Risk Insurance Act (TRIA), with committee Chairman Jeb Hensarling (R-TX) stating he felt “skeptical” about the need for reauthorization. This week, the Senate Banking Committee will address the issue with a … Continue Reading

House Passes Derivatives Bills & CFTC Commissioners Speak Out on Looming Cross Border Deadline

Legislative Activity House Passes Derivatives Bills Last Wednesday, June 12, the House passed several bills related to certain derivatives and swaps regulation provisions under the Dodd-Frank Act. Included among the bills was H.R. 1256, a controversial proposal that would direct the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) to adopt a … Continue Reading

CBO Report Says Tax Expenditures Benefiting Wealthiest Americans

Legislative Activity Tax Writing Committee Meetings Continue The Senate Finance Committee has continued its series of closed-door committee meetings on tax reform, recently issuing their latest Option Paper on May 23 – this one on Economic Security. The closed-door meetings are intended to facilitate discussion among senators in an attempt to find where agreement on … Continue Reading