This report provides a snapshot of the US Executive Branch priorities via daily schedules and the prior day’s press releases. POTUS’ Schedule* 10:00 a.m. EDT – The President and The Vice President receive the President’s Daily Brief | Oval Office 12:30 p.m. EDT – The President has lunch with The Vice President | Private Dining … Continue Reading
Legislative Activity President Trump Orders Review of Financial Regulations Last Friday, February 3, President Trump issued an Executive Order related to financial services regulatory reform (generally) and an Executive Memorandum specifically targeting the Department of Labor’s (DOL) Fiduciary Rule. The Executive Order on Core Principles for Regulating the United States Financial System directs the Secretary … Continue Reading
Legislative Activity Financial Services Policymakers Outline Agendas for 2017 Last week, House Financial Services Committee Chairman Jeb Hensarling (R-TX) outlined his ambitious agenda for 2017. At the top of the list is moving forward with the Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs Act (CHOICE Act), which Chairman Hensarling estimates will be on … Continue Reading
Legislative Activity Is Dodd-Frank on the Chopping Block Next Congress? With President-Elect Donald Trump in the White House and Republicans in control of both the House and Senate, we believe there is a real possibility for a significant overhaul of financial services regulation in the 115th Congress – especially if future Chairman of the Senate … Continue Reading
Legislative Activity House to Vote on Financial Services Appropriations Bill as Hensarling Pushes Plan to Replace Dodd-Frank This week, the House is expected to consider the FY 2017 Financial Services and General Government Appropriations Act, which passed out of Committee largely along partisan lines and contains various provisions that would peel back certain aspects of … Continue Reading
Legislative Activity House Lawmakers to Mark-Up FSOC-Related Bills On Tuesday, November 3, the House Financial Services Committee will hold a mark-up of various bills, including legislation targeting the Financial Stability Oversight Council (FSOC). Specifically, lawmakers will consider legislation to: (1) bring the FSOC within the normal appropriations process; (2) make Council meetings more open and … 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 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
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
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 House to Vote on Flood Insurance Bill After delaying plans for a vote last week, Majority Leader Eric Cantor (R-VA) is expected to hold a vote on the amended Homeowner Flood Insurance Affordability Act (H.R. 3370) on Wednesday, March 5, under suspension of the rules. Among some of the changes, the latest draft … Continue Reading
Legislative Activity Congress Examines A Series of Regulatory Reports Last week, the Senate Committee on Banking, Housing, and Urban Affairs held a hearing to explore the annual report and oversight of the Department of Treasury’s Office of Financial Research (OFR) and the House Financial Services Committee probed Consumer Financial Protection Bureau (CFPB) Director Richard Cordray … Continue Reading
Regulatory Activity President Obama Names Pick for New Fed Chair President Barack Obama announced last Wednesday, October 9 that he would nominate current Federal Reserve (the Fed or the Reserve) Vice Chair Janet Yellen to replace outgoing Chairman Ben Bernanke. The President’s announcement comes after several weeks of tense debate on who should be nominated to … Continue Reading
