Financial Services Report (4/19)
Another busy week in both chambers. First, in the House, floor activity includes a pair of immigration-related measures, as well as a bill to make Washington, D.C. the 51st state. Additionally, now that Republican opposition to suspension bills has abated, the House is taking up a slew of suspension bills out of the House Financial […]
- May 28, 2019
Financial Services Report (5/28)
The House and Senate are in Recess this week. Further out, the House Financial Services has released its busy June schedule, which will include at least twelve hearings and markups. Looking away from the Hill, The SEC is expected to vote on its long awaited Best Interest standard, in many ways an alternative to the Obama […]
- May 20, 2019
Financial Services Report 5/20
It is going to be a busy week in the House of Representatives with two major financial services related bills coming to the floor. First is H.R. 1500, legislation offered by Chair Waters that will roll back many of the changes made to the CFPB by former Acting Director Mick Mulvaney. While the legislation had […]
- May 13, 2019
Financial Services Report (5/13)
If you were watching your stock portfolios this past week there was a lot of movement – most of it downward – due to concerns about the impact of a potential escalation in the ongoing trade war between the US and China. Given the eccentric management style of this President it is hard to predict […]
- May 6, 2019
Financial Services Report (5/6)
This week, the House Financial Services Committee is set to mark-up a series of bill, a few of which may end up achieving bipartisan consensus, while the Senate Banking Committee will hold a hearing on data privacy. On the Floor, much of the messaging will be focused on the Pre-existing coverage bill, but a Disaster Relief […]
- April 15, 2019
Financial Services Report (4/15)
Last Week in the House The Floor On Tuesday, Democratic leadership was forced to pull its proposal to increase spending caps by $17 billion for defense spending and $34 billion for non-defense spending following an intense intra-party disagreement, as members of the Congressional Progressive Caucus indicated that they would not support the bill without […]
- April 8, 2019
Financial Services Report (4/8)
Last week, in a lengthy post on LinkedIn, investor Ray Dalio put forth his ideas on “Why and How Capitalism needs to be reformed.” Refraining from questioning how certain Republican Congressmen would quantify Mr. Dalio’s position, his essay raises significant questions about whether or current structure of government is able to take on the very serious […]
- April 1, 2019
Financial Services Report
The major action this week in the Senate will be the completion of the supplemental disaster aid bill (text; summary) while in the House, House, lawmakers are scheduled to reauthorize the Violence Against Women Act (VAWA), as well as vote on another rebuke of the Trump Administration's recent decision to argue against the legality of the […]
- March 18, 2019
Financial Services Report (3/18)
After a slow start in January and February, caused in part by the shutdown, the pace has really quickened up. Next week may hold the first mark-up under Chair Waters tenure, with a series of bills potentially on the slate.
- March 11, 2019
Financial Services Report (3/11)
Its been a tough week for moderates – at least if one were to try to read the Democratic zeitgeist. Earlier in the week, a New York Times Opinion piece questioned whether the Democratic party needs moderates anymore. And then yesterday, the media lit up with headlines of their latest liberal darling criticizing moderates for “worshiping the […]
- March 4, 2019
Financial Services Report (3/4)
On Friday, the Treasury announced that it was, once again, forced to initiate "extraordinary measures" to ensure that the full faith and credit of the United States Government will not be breached. As has been the case in the past, these actions are expected to push back the "drop dead" date for a breach of […]
- February 19, 2019
Financial Services Report (2/19)
Looking Ahead The Schedule returns with a vengeance for the last week of February as the semi-annual required testimony of Fed Chair takes place, first in the Senate on the 26th and then in the House. Also on Feb 26th, the House Financial Services Committee will hold a hearing on the Credit Reporting Agencies with […]
- February 11, 2019
Financial Services Report (2/11)
Our Take A legend of Congress and of American history, John Dingell passed away at the age of 92 last Thursday. He served in Congress for nearly 60 years, and was involved in, and saw a lot of legislative sausage being made. He served as Chairman of the House Energy and Commerce Committee from 1981 […]