Tag Archives: Housing Finance Reform

Busy Week at the Banking Committee; Treasury on the Hill as Trump Fills Out Financial Services Regulators

Legislative Activity Senate Banking to Host Secretary Mnuchin, Focus on Treasury This week, the Senate Banking Committee will consider the nominations of several individuals to fill key posts within the Treasury and Commerce Departments (see below for additional details). The Committee will also host Treasury Secretary Steven Mnuchin to discuss an array of domestic and … Continue Reading

Financial Regulatory Reform in the Spotlight as Financial Regulators Fill in the Trump Administration

Legislative Activity House Financial Services Committee to Hold Markup of CHOICE Act on Tuesday After much anticipation, House Financial Services Committee Jeb Hensarling (R-TX) introduced the Financial CHOICE Act of 2017 (CHOICE Act) last week following a contentious hearing on the bill. Unsurprisingly, the hearing revealed partisan differences over the effectiveness of the Dodd-Frank Wall … Continue Reading

Senate Banking Focuses on China, Iran; CFPB Takes on Mandatory Arbitration Clauses as the Administration Focuses on Financial Transparency

Legislative Activity Senate Banking Sets Its Sights Overseas In the coming weeks, the Senate Banking Committee will turn its focus to a number of international-related financial services issues. First, on Tuesday, May 10, the Committee will hold a hearing to evaluate the financial risks of China. Additionally, toward the end of the month, the Committee … 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

Financial Services Committee Continues Housing Focus; FSOC Adopts Changes

Legislative Activity Financial Services Committee Continues to Focus on Housing As mentioned previously, House Financial Services Committee Chairman Jeb Hensarling (R-TX) plans to make reforming the housing finance market a “huge priority” this Congress. After having already held a hearing with Federal Housing Finance Agency (FHFA) Director Mel Watt, this week the Committee will question … Continue Reading

Housing Finance Reform in Focus; FSOC Considering Changes to Designation Process

Legislative Activity Housing Finance Reform “Huge Priority” for Hensarling Last week, House Financial Services Committee Chairman Jeb Hensarling (R-TX) announced that reforming the government-sponsored enterprises (GSEs) will be a “huge priority” for him this Congress. Chairman Hensarling’s pronouncement coincides with his recent announcement that his committee’s first hearing this Congress will feature Federal Housing Finance … Continue Reading

General and Financial Services Updates from the First Week of the 114th Congress

House of Representatives Leadership Speaker John Boehner (R-OH) was reelected as Speaker of the House. A small faction of the Republican Party – 25 Members – did not vote for him. As a result, two of those Members, Florida Congressmen Richard Nugent and Daniel Webster, lost their seats on the influential House Rules Committee. Scott … Continue Reading