Tag Archives: Systemic risk

House To Vote On CFTC Reauthorization Bill & SEC To Vote on Cross-Border Swaps Rules

Legislative Activity House To Vote On CFTC Reauthorization Bill This week, the House is expected to debate and vote on the reauthorization of the Commodity Futures Trading Commission (CFTC) through September 2018 (H.R. 4413). Additionally, while the Senate Agriculture Committee has yet to unveil its CFTC reauthorization bill, the level of bipartisan support that H.R. 4413 receives … Continue Reading

Vote on CFTC Reauthorization Bill; Confirmation of Federal Reserve Nominees & TRIA Bill

Legislative Activity House to Vote on CFTC Reauthorization Bill This week, the House of Representatives is expected to take up H.R 4413, a bill that would reauthorize the Commodity Futures Trading Commission (CFTC) through September 2018. On June 13, House Rules Committee Chairman Pete Sessions(R-TX) asked Members to submit any amendments by Tuesday, June 15. The House bill would make several changes to the Dodd-Frank Wall Street … Continue Reading

Senate Postpones Markup of GSE Reform Bill & FSOC To Adopt New Annual Report

Legislative Activity Senate Banking Committee Postpones Markup of GSE Reform Bill On Tuesday, April 29, the Senate Banking Committee announced that it was postponing the markup of legislation to reform the government-sponsored enterprises (GSEs), the “Housing Finance Reform and Taxpayer Protection Act of 2013” (S. 1217). According to Chairman Tim Johnson (D-SD), “[w]hile we have the … Continue Reading

Senate holds markup of GSE reform bill & Presidents Working Group release Report on TRIA

Legislative Activity Senate Banking Committee to Hold Markup of GSE Reform Bill and Vote on Nominations On Tuesday, April 29, the Senate Banking Committee is scheduled to hold a markup of the legislation to reform the government-sponsored enterprises (GSEs), released by Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo in March and based on … Continue Reading

Garrett Introduces FSOC Transparency Legislation & Governor Stein Steps Down from Federal Reserve

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

Congress Examines A Series of Regulatory Reports

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

Congress Releases Volcker Fix Bills & Financial Stability Board Releases New Consultative Document

Legislative Activity Congress Releases Volcker Fix Bills House Financial Services Chairman Jeb Hensarling (R-TX), Representative Shelley Moore Capito, and four other House Republicans introduced the “Fairness for Community Job Creators Act” (H.R. 3819) last week, to exempt all banks, regardless of size, from divesting collateralized debt obligations (CDOs) backed by trust preferred securities (TruPS) under … Continue Reading

Dodd-Frank Bills Unlikely to get Senate Support & Watt Nomination Blocked

Legislative Activity House Dodd-Frank Bills Unlikely to Get Senate Support Last week, the House passed two bills that would alter the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act); the first was H.R. 2374, a bill that would bill put restrictions on how and when the Department of Labor and the Securities and … Continue Reading

TRIA Gets Congress’ Attention; FACI Holds Open Meeting

Legislative Activity Terrorism Risk Insurance Reauthorization Gets Congress’ Attention Last week the House Financial Services Committee addressed the issue of reauthorization of the Terrorism Risk Insurance Act (TRIA), with committee Chairman Jeb Hensarling (R-TX) stating he felt “skeptical” about the need for reauthorization. This week, the Senate Banking Committee will address the issue with a … Continue Reading

Announcing Housing Finance Reform Bill, FHA Reform Bill and Bill to Recreate Glass-Steagall Act Conditions

Legislative Activity House Financial Services Committee Members Announce Bill on Housing Finance Reform House Financial Services Committee Chairman Jeb Hensarling (R-TX) and Committee Members Scott Garrett (R-NJ), Randy Neugebauer (R-TX), and Shelley Moore Capito (R-WV) announced their plans to introduce the “Protecting American Taxpayers and Homeowners Act” or PATH Act to reform housing finance. Highlights … Continue Reading

House to Set CFTC Budget & Mark Up Dodd-Frank Modification Bills

Legislative Activity Administration Nominations to be Considered this Week On Thursday, June 27, the Senate Banking Committee will hold a hearing to consider several of President Obama’s nominations, including Rep. Mel Watt (D-NC) to be Director of the Federal Housing Finance Agency (FHFA); Kara Stein and Mike Piwowar to be Commissioners at the Securities and … Continue Reading

FSOC Designates Several Non-Bank Institutions as Systemically Important

Legislative Activity This Week’s Hearings: Wednesday, June 12: The House Financial Services Committee will hold a hearing titled “Beyond GSEs: Examples of Successful Housing Finance Models without Explicit Government Guarantees.” Wednesday, June 12: The House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises will hold a hearing titled “Reducing Barriers to Capital Formation.” … Continue Reading
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