Legislative Activity House Financial Services Committee Chooses CHOICE Act as President Trump Signs Financial Services Executive Orders After a two-week recess, the House Financial Services Committee is wasting no time getting back to work as it plans to hold a hearing on the Financial CHOICE Act this Wednesday. The bill, an acronym standing for Creating … Continue Reading
Legislative Activity Senate Banking, House Financial Services Committees Set Sights on Financial Services Regulatory Reform With the first 100 days of the Trump Administration largely behind them, financial services lawmakers are beginning to move forward with their review of and efforts to reform the financial services sector. During the Senate Banking Committee’s hearing last week, Chairman … Continue Reading
Legislative Activity Lawmakers Moving Forward with Financial Services Reforms House Financial Services Chairman Jeb Hensarling (R-TX) has indicated that he plans to reintroduce his replacement for the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) – the CHOICE Act – but in various bills to give at least some provisions a greater likelihood of being enacted. Chairman … Continue Reading
Legislative Activity Senate to Consider “Audit the Fed” Legislation as House Takes Up Another Bill on Terrorism Financing This week, Congress is set to take up two financial services bills. First, on Tuesday, January 12, following continued concern regarding the need for improved congressional oversight of the Federal Reserve, the Senate will take up S. … Continue Reading
Legislative Activity Senate Banking Committee in Talks on Compromise Reform Package After months of disagreement between Republicans and Democrats the release of Senate Banking Committee Chairman Richard Shelby (R-AL) financial services reform legislation – S. 1484, the Financial Regulatory Improvement Act of 2015 – there appears to be an effort by moderate Democrats on Committee … Continue Reading
