On June 5, the U.S. House of Representatives passed seven bipartisan pieces of legislation aimed at enhancing capital formation, bolstering public markets, and creating investor opportunity. Among the notable financial services bills that were passed,...
Read MoreAmericans are now facing the resumption of their student loan payments, effective August 30, as a part of the debt ceiling deal between President Biden and House Speaker Kevin McCarthy. This move to resume payments...
Read MoreWhile a resolution to the debt ceiling gridlock would allow the U.S. Treasury to raise funds to meet its financial obligations, it could increase competition for bank deposits. Banks have been under pressure due to...
Read MoreOn May 23, the House Financial Services Committee (HFSC) held a well-attended hearing titled "Protecting Homeowners and Taxpayers with FHFA Director Sandra Thompson.” A focal point of the hearing was the recent changes made by...
Read MoreOn April 18, Securities and Exchange Commission (SEC) Chair Gary Gensler testified before the House Financial Services Committee (HFSC). The hearing was well attended by both parties. Republicans primarily focused on the Commission’s sweeping rulemaking...
Read MoreBipartisan Legislation Introduced to Advance Fed Accountability Senators Thom Tillis (R-NC) and Elizabeth Warren (D-MA) led a bipartisan group of Senators to introduce legislation titled the “Financial Regulators Transparency Act.” This legislation, if passed, would...
Read MoreOn March 24, Representatives Ann Wagner (R-MO) and Bill Huizenga (R-MI) submitted a letter to the Securities and Exchange Commission (SEC), on their recently re-proposed rule on the “Prohibition of Conflicts of Interest in Securitizations.” A similar...
Read MoreOn March 28 and 29, the Senate Banking Committee and the House Financial Services Committee held hearings on the recent banking failures and the federal regulatory response that followed. The witnesses included FDIC Chairman Martin Gruenberg, Federal Reserve Vice...
Read MoreOn Monday, March 20, President Joe Biden used his first veto to strike down House Joint Resolution 30 that would have disapproved the Department of Labor’s final rule allowing fund managers to consider Environmental, Social and...
Read MoreOn March 20, Tim Scott (R-SC), Ranking Member of the Senate Banking Committee and Patrick McHenry (R-NC), Chair of the House Financial Services Committee, submitted joint letters to the Fed and the Federal Depository Insurance Corporation (FDIC)...
Read MoreDemocratic lawmakers are calling for a reversal of the 2018 Republican-led law that loosened banking regulations in the 2010 Dodd-Frank Act. Senator Elizabeth Warren (D-MA) and Representative Katie Porter (D-CA) led dozens of Democratic lawmakers...
Read MoreOn March 7 and 8, Fed Chair Jerome Powell testified before the Senate and House of Representatives in the Fed’s Semiannual Monetary Policy Report. In Powell’s remarks, he touched on the high level of inflation...
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