Legislative Activity Lawmakers Press on with Financial Services Reform Efforts On June 23, 2016, House Financial Services Committee Chairman Jeb Hensarling (R-TX) unveiled a discussion draft of legislation aimed at replacing the Dodd–Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). The legislation, Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs (Financial CHOICE Act), … Continue Reading
Legislative Activity Regulators to Testify on Capitol Hill This week, Janet Yellen, Chair of the Board of Governors of the Federal Reserve, will appear before the House Financial Services and Senate Banking Committees to provide the Board’s semiannual monetary policy report to Congress. The House Financial Services Committee will also hold an additional hearing to … Continue Reading
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
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
