Financial Services Report (4/19)

Our Take As this is probably the penultimate update before the midterm elections, it is worth taking a moment to put an element of the potential “blue wave” in perspective.   While newspapers and clickbait websites want to push a narrative that this primary season showed both a far-leftward and anti-establishment lurch by Democrats, a simple […]

Looking Ahead Near Term The Senate is poised to pass a funding bill for the Defense Department that will also include a continuing resolution keeping the government funded until December 7th. The Senate Banking Committee will hold a FinTech hearing on data and technology on Tuesday.  The Senate Judiciary Committee could advance the nomination of […]

Our Take The last week of August saw perhaps the best example of the current cognitive dissonance of American politics.  This refers to the twin events of Senator McCain’s funeral and the Florida Gubernatorial primary.  The primary, which took place on August 28th, resulted in the election of two politicians that come from each parties’ respective […]

  Looking Ahead Near Term The House and Senate are out this week. Further Out The Senate Banking Committee is expected to vote on a series of nominations in August.   The vote had been scheduled for last Thursday but was scrapped when the Senate finished up its floor schedule earlier than anticipated triggering an earlier […]

  Looking Ahead Near Term The House is in Recess until September. The Senate is in session this week and is expected to finish up its work on its mini-bus of the T-HUD, Ag, Interior and FSGG spending bills.  After that, the Senate could vote on any of the following: A short-term funding reauthorization for […]

Looking Ahead Near Term The Senate is expected to take up its version of a minibus spending bill comprised of the financial services, interior, transportation and agriculture spending measures this week. The Senate Banking Committee will hold anominations hearing on Thursday to consider multiple vacancies, including SEC Commissioner, Head of Ginnie Mae, and the Director […]

Looking Ahead Near Term The House will take up two bills of importance to the financial services industry. First, they continue to move forward with another minibus spending bill. This one comprised of the Financial Services and General Government (FSGG) measure. Second, on Tuesday, the full House, under the suspension calendar (i.e., non-controversial) will take […]

Our Take Wednesday marks the 242nd anniversary of the signing of the Declaration of Independence.   As anyone who has seen or heard “Hamilton” knows, people most frequently quote the document’s most famous lines, about life, liberty and the pursuit of happiness.  But those are the start of the Declarations’ second paragraph.   As any good history […]

Our Take One of the hot topics percolating around DC is what will happen in November.   While we are still months away from the elections, and still really two months until Labor Day when the majority of voters have traditionally started to focus on them, it does not prevent all kind of prognostications.  While we […]

Looking Ahead Near Term The House is taking up a series of bills designed combat the continuing opioid epidemic.  The House Financial Services Committee will hold two hearings, including one Comptroller Otting this week.   The Committee is also scheduled to hold another mark-up on Thursday. The House Appropriations Committee is scheduled to mark-up the Financial […]

Our Take Loyal readers may recognize that the following is looks eerily similar to the “our take” from last year’s Memorial Day week newsletter.  And they would be right.  However, it still seems just as relevant today.    May 29th, would have been the 101st birthday of John Fitzgerald Kennedy.   As we think about the […]

Our Take There is a question on the top of mind in Washington, well, ok, two.  But beyond the viral determination if you’re Yanny or Laurel, everyone wants to know what is going to happen in November.  Will it be wave?  Or  a trickle?  Will the Dems take control of the House? The Senate? And […]