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 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 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 Financial Services Lawmakers to Focus on FSOC, Hold Markup This week, the House Financial Services Committee will hold an oversight hearing on the Financial Stability Oversight Council (FSOC). Notably, eight of the ten voting members will be present to testify. This hearing follows continued discussion about potential reforms to the agency, which many … 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