Capitol Hill Archives | Page 2 of 6 | Structured Finance Association

HFSC Members Press SEC Gensler Over Conflicts of Interest Rule

On September 27, SEC Chair Gary Gensler testified before the House Financial Services Committee (HFSC). He addressed questions regarding AI, crypto, and the Commission’s proposals on swing pricing and predictive data analytics. Additionally, Gensler was...

Senate Banking Committee Holds Hearing with SEC Chair Gary Gensler

The Senate Committee on Banking, Housing and Urban Affairs held a hearing on September 12, with SEC Chairman Gary Gensler, titled “Oversight to the U.S. Securities and Exchange Commission”. Democrats praised Gensler for his oversight...

HFSC Holds Hearing on Basel III Capital Proposal

On September 14, the House Financial Services Committee (HFSC) held a Subcommittee hearing on Financial Institutions entitled, “Implementing Basel III: What’s the Fed’s Endgame?” The hearing focused on the recent proposed rulemaking from prudential regulators...

Basel Capital Proposal Jeopardizes Bank-Related Legislation on the Hill

Political pundits anticipate difficulties in advancing banking related legislation amid the recent Basel III endgame proposal which is expected to increase the capital requirements for the largest institutions. Both chambers have returned from recess to...

Senate Confirms Fed Nominees

This week the U.S. Senate overwhelmingly expressed support by a vote of 88-10 to confirm Philip Jefferson as the Federal Reserve Board’s next Vice Chair. He succeeds Lael Brainard, who departed the Fed earlier this...

The Biden Administration Announces Student Loan Repayment Plan

On June 30, the Biden Administration announced a repayment plan for federal student loan borrowers, known as the Saving on a Valuable Education (SAVE) plan. SAVE is an income-driven repayment plan, under which borrowers will...

Proposed SEC Conflicts of Interest Rule–Reps Barr and Wagner Voice Concerns

On August 1, Rep. Andy Barr (R-KY) and Rep. Ann Wagner (R-MO) wrote to the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC) and the Federal Reserve, concerning the...

SEC’s Director of Corp. Finance Testifies before HFSC on Key Policy Rulemakings

On July 18, the HFSC Capital Markets Subcommittee held a hearing with Erik Gerding, Director of the SEC’s Division of Corporation Finance, serving as the sole witness. The SEC’s Conflicts of Interest proposed rule was...

McHenry, Barr, Huizenga, Scott File Bicameral Amicus Brief Challenging CFPB’s Funding Structure

House Financial Services Committee Chairman Patrick McHenry, (R-NC) along with Representatives Andy Barr (R-KY),Bill Huizenga (R-MI), and Senate Banking Committee Ranking Member Tim Scott (R-SC), led a bicameral group of 132 members of Congress in...

House Passes Bill to Rescind LLPA Changes

On June 23, the House of Representatives passed the “Middle Class Borrower Protection Act of 2023,” legislation sponsored by Rep. Warren Davidson (R-Ohio) that aims to rescind the controversial changes to loan-level pricing adjustments (LLPA)...

Fed’s Semi-Annual Report to Congress

On June 21 and 22, Jerome Powell, the Chair of the Federal Reserve, testified before Congress on the Federal Reserve's semi-annual monetary policy report. Members from both the Republican and Democratic parties directed their attention...

CFPB Director Delivers Semi-Annual Report to Congress

This week, CFPB Director Rohit Chopra testified on the recent actions and expected future rulemakings of the CFPB before the Senate Banking Committee (SBC) and House Financial Services Committee (HFSC). Vocal support during the hearing...