The Week in Review
As high-level negotiations on an omnibus spending bill continue off the floor, both the House and Senate met last week and advanced financial services bills and judicial nominations, respectively. Specifically, House lawmakers passed a measure (H.R. 4296) that would place restrictions on federal regulators seeking to impose operational risk capital requirements for banks on a 245-169 vote, as well as a measure (H.R. 4607) that would increase the periods of regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) by a 230-177 margin. The House held their last votes on Tuesday in order to provide for evangelical preacher and presidential adviser Billy Graham to lie in honor in the Capitol Rotunda on Wednesday and Thursday.