Tag Archives: House Financial Services Committe

Banking Committee Working on Reform Package; SEC to Hold Meetings, Focus on Fiduciary Rule

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

Lawmakers Focus on CFPB, Fiduciary Rule; SEC to Hold Event on Asset Managers

Legislative Activity DOL’s Fiduciary Rule in Focus as SEC Announces Delay With many lawmakers still opposed to the Department of Labor’s (DOL) Fiduciary Rule, this week both the House Financial Services and Ways and Means Committee will tackle the issue.  The House Financial Services Committee will hold a markup on Wednesday of legislation to require … Continue Reading

Continued Focus on Dodd-Frank, Challenge to CFPB Moves Forward

Legislative Activity Financial Services Lawmakers Hone in on Dodd-Frank Reform as Fifth-Year Anniversary Approaches Last week, the Senate Appropriations Committee passed along party lines in a 16-14 vote a $20.6 billion financial services appropriations package into which Republican appropriators inserted Senate Banking Committee Chairman Richard Shelby’s (R-AL) financial services regulatory reform bill. While the bill … Continue Reading

Senate Banking Committee Markup Not Yet Scheduled; House to Vote on Multiple Financial Services Bills

Legislative Activity Senate Banking Committee Markup Not Yet Scheduled This week, the Senate Banking Committee was expected to hold a markup regarding proposals to provide regulatory relief to small banks. However, the markup has not yet been scheduled, as Senate Banking Committee Chairman Richard Shelby (R-AL) has not agreed to limit the upcoming markup to … Continue Reading

Lawmakers to Review Regime for Regional Banks; CFTC to Hold Roundtables

Legislative Activity Senate Banking Committee to Review Regime for Regional Banks The Senate Banking Committee is scheduled to hold a hearing to further examine the regulatory regime for regional banks this week. As mentioned in previous coverage, the path for regulatory relief for regional and community banks remains uncertain and the Committee already held two … Continue Reading

Federal Reserve Remains Under Scrutiny; CFTC Reopens Comment Period on Position Limits, Staff to Hold Roundtable

Legislative Activity Federal Reserve Remains Under Scrutiny This week, Congress will continue its focus on examining potential reforms to the Federal Reserve. Last week, Federal Reserve Chair Janet Yellen testified before Congress, which included discussion regarding recently introduced legislation to audit the Federal Reserve’s monetary policy decision-making. This week, the scrutiny will continue as the … Continue Reading

Lawmakers to Receive Update on Monetary Policy; CFTC to Hold Meeting of Energy and Environmental Markets Advisory Committee

Legislative Activity Lawmakers to Focus on Federal Reserve, Housing This week, Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, will testify before the Senate Banking and House Financial Services Committees on monetary policy and the state of the economy. Chair Yellen’s remarks come as lawmakers continue to call for reform … Continue Reading