Legislative Activity Senate Banking Committee Postpones Markup of GSE Reform Bill On Tuesday, April 29, the Senate Banking Committee announced that it was postponing the markup of legislation to reform the government-sponsored enterprises (GSEs), the “Housing Finance Reform and Taxpayer Protection Act of 2013” (S. 1217). According to Chairman Tim Johnson (D-SD), “[w]hile we have the … 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 Johnson and Crapo Release GSE Reform Draft On March 16, 2014, Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) released a draft legislation to reform the Government-Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac (a detailed summary can be found here). The draft legislation would replace the GSEs, … 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 This Week’s Hearings: Tuesday, January 28: The House Financial Services Committee will hold a hearing titled, “The Semi-Annual Report of the Consumer Financial Protection Bureau (CFPB).” CFPB Director Richard Cordray will be the sole witness at the hearing. Tuesday, January 28: The House Ways and Means Committee will hold a hearing titled, “The … Continue Reading
Legislative Activity Senate to Move Forward with Confirmations The Senate is expected to vote on the confirmations of nominees Rep. Mel Watt (D-NC) to be Director of the Federal Housing Finance Agency (FHFA) and Janet Yellen to be Chair of the Board of Governors of the Federal Reserve, within the next two weeks, before the … Continue Reading
