Legislative Activity Hensarling Chooses to Move Forward with CHOICE Act Last Friday, September 9, House Financial Services Committee Chairman Jeb Hensarling (R-TX) announced his intention to move forward with the Republican plan to replace the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) and formally introduced the Creating Hope and Opportunity for Investors, Consumers … Continue Reading
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
Legislative Activity Senate Agriculture Committee Votes to Reauthorize CFTC Following a Senate Appropriations hearing last week to review the FY17 Budget Requests for the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), on Thursday, April 14, the Senate Agriculture Committee voted 11-9, to reauthorize the CFTC. Though the timing of Senate … Continue Reading
Legislative Activity House Lawmakers to Mark-Up, Vote Various Financial Services Bills This week, on Wednesday, April 13, the House Financial Services Committee is set to mark-up various bills that would significantly alter the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), including legislation that would repeal the government’s orderly liquidation authority, as well … Continue Reading
Legislative Activity Financial Services Committee Sets Its Sights on the CFPB This week, on Wednesday, March 16, the House Financial Services Committee will hold a hearing for Consumer Financial Protection Bureau (CFPB) Director Richard Cordray to provide his Semi-Annual Report to Congress. Among a myriad of topics likely to be raised during the hearing, much … Continue Reading
Legislative Activity House Financial Services Committee Sets Agenda for the Year Ahead As Senate Banking Committee Largely Silent Following the recent House Financial Services Committee retreat, we expect financial services lawmakers – at least in the House – to begin moving forward with their 2016 policy agenda. Among their priorities for this year (many of … Continue Reading
Legislative Activity Senate to Consider “Audit the Fed” Legislation as House Takes Up Another Bill on Terrorism Financing This week, Congress is set to take up two financial services bills. First, on Tuesday, January 12, following continued concern regarding the need for improved congressional oversight of the Federal Reserve, the Senate will take up S. … Continue Reading
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
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
Legislative Activity Financial Services Lawmakers Hone in on Dodd-Frank Reform as Fifth-Year Anniversary Approaches As the fifth anniversary marking the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) arrives this Tuesday, July 21, financial services lawmakers are continuing to focus on ways to reform the law. On the House side, … Continue Reading
Legislative Activity Senate Banking Committee Likely to Let Export-Import Bank Lapse, Timing Unclear for Regulatory Relief Last week, Senate Banking Chairman Richard Shelby (R-AL) noted that he does not “see any crying-out need for a markup” of legislation to reauthorize the Export-Import Bank, making clear that he has no plans to markup the legislation that … Continue Reading
Legislative Activity Democrats Pushing Regulatory Relief Bill On Wednesday, June 3, Democrats on the House Financial Services and Senate Banking Committees filed a joint bill – the Community Lender Regulatory Relief and Consumer Protection Act of 2015 (H.R. 2642/S. 1491) aimed at providing targeted regulatory relief to smaller banks and credit unions by, among other … Continue Reading
Legislative Activity Banking Committee Set to Mark-Up Legislative Package of Financial Regulatory Reform As we highlighted last week, this Thursday, May 21, the Senate Banking Committee is scheduled to hold a markup of Chairman Richard Shelby’s (R-AL) highly-anticipated legislative package of financial regulatory reform. Chairman Shelby last week released a draft of his legislation, which … Continue Reading
Legislative Activity Financial Services Committee to Consider Legislative Proposals as Banking Committee Prepares for Delayed Markup The Senate Banking Committee has rescheduled its markup of legislation to reform aspects of the financial services industry for May 21. While exactly what will be contained in the final legislation is unclear – and subject to change – … Continue Reading
Legislative Activity Senate Banking Committee Schedules Markup on Regulatory Relief for Community and Regional Banks Chairman Richard Shelby (R-AL) has announced that the Committee will hold a markup on May 14 to consider proposals that would provide regulatory relief to community and regional banks. Despite earlier concerns to the contrary, it appears that Chairman Shelby … Continue Reading
