Financial Services Report (4/19)

The House of Representatives is set to take up a couple of bills under the Suspension Calendar this week – including the COUNTER Act, which was also included in the Beneficial Ownership Bill taken up last week (see more on that below) as well as a bill sponsored by McHenry and Waters on Crowdfunding.   […]

Another busy week in Congress will be capped by the testimony of Facebook CEO Mark Zuckerberg before the House Financial Services Committee on Wednesday. Based on the hearing memo, Zuckerberg can expect to be grilled on Libra, Housing, Data Privacy and Diversity issues. And that's just from the Democrats.   Data, and its role in […]

The House and Senate are in recess for the next two weeks. When they return they will need to finalize the spending bills before the November 21st deadline. There are also rumors about an aggressive hearing schedule in the House Financial Services Committee, including the potential for CFPB Director Kranniger to appear as part of […]

This weeks marks the final leg of the three week spring that Congress has been in since returning from the August recess. If all goes according to plan the Senate should pass a short-term continuing resolution (CR) by the end of the week to punt the serious spending and budget questions until Thanksgiving.   In […]

Both the House and Senate are in the August Recess and will return on September 9th. When the Senate returns in September it will continue approving executive nominations, including those of Kelly Craft to be UN Ambassador and Michelle Bowman to the Fed Board.   The House Financial Services Committee will also have a full […]

In this age of twitter, where everyone can be a pundit, yelling into that that ever-growing social media echo chamber it is important to remember that if politics is passion, then governing is math.  And the math still matters.  So while the media continues its codependent cycle with the President or jumping from hot take to hot […]

After three insanely busy weeks, this next week looks to be at a more humane pace with only a handful of hearings of relevance to the Financial Services industry.   On Tuesday the Senate Banking Committee will hold a hearing on Cannabis in the banking industry, as proponents of cannabis banking continue to advance their […]

The House Financial Services Committee is set to resume its mark-up of a series of bills — including those reforming the credit reporting industry – on Tuesday. If past is prologue then be prepared for another marathon mark-up that may last the whole day.   Also this week the House Financial Services Committee and the […]

The House and Senate are in Recess for the July 4th holiday this week. When they return, the House is expected to take up the National Defense Authorization (NDAA) while the Senate will return to nominations. In addition, the House Financial Services Committee will hold a marathon mark-up, with as many as twenty-one bills on […]

The House will finish up consideration of its second appropriations “minibus” early in the week before turning to the three more bills: (1) a supplemental appropriations bill to provide funding for border crisis; (2) legislation to secure our elections; and (3) the Financial Services and General Government (FSGG) spending bill. If past is precedent there is […]

Perhaps for the first time all year both Chambers will be legislating, as the House continues to press through the spending bills – wrapping up its first "mini-bus" and starting on the second one – while the Senate will start the process for considering the Defense bill.   Additionally, at the Committee level there will […]

Looking Ahead After an abbreviated week following the recess, the June slog begins – especially in the House where the lower chamber is expected to move through a series of spending measures. Also this week the House Financial Services Committee will mark-up a series of bills, including the bipartisan agreement on Flood Insurance, as well […]