The Subcommittee on Terrorism and Illicit Finance met today to examine transnational criminal organizations (TCOs) and their relationship to terrorist organizations, the international economy, and the US national defense.
“Transnational criminal organizations operate on a global scale, crossing international boundaries to further their pursuit of power, influence, and profits. TCO’s are… Read more »
On Wednesday, the House voted to pass H.R. 4566, the Alleviating Stress Test Burdens to Help Investors Act, with bipartisan support 395-19.
Introduced by Representative Bruce Poliquin (R-ME), H.R. 4566 amends one-size fits all, bank-centric capital-based stress testing requirements for nonbanks, such as mutual funds. More than 55% of American households use mutual fund investments to… Read more »
The Art of a Banking Compromise
On fixing Dodd-Frank, the House shouldn't be a potted plant.
By The Editorial Board
March 16, 2018
After passing a bipartisan banking bill 67-31 that would remedy some of the Dodd-Frank Act’s flaws, many Senators want to call it a wrap. But Congress is a bicameral legislature, and the House deserves an… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement in response to the decision by the Fifth Circuit Court of Appeals in Chamber of Commerce of the USA, et. al vs. US Department of Labor, vacating the Fiduciary Rule.
“Yesterday was a good day for hardworking Americans – especially low and moderate income Americans who rely upon… Read more »
The Subcommittee on Terrorism and Illicit Finance met today to examine the monetization and illicit use of stolen data after a hack. Just as the world is quickly increasing its presence online, cybertheft is becoming a more and more common operation.
“Cybertheft is particularly damaging because the sensitive information being stolen, including Social Security Numbers, is difficult or… Read more »
Today, the House of Representatives passed two bipartisan bills from the Financial Services Committee, including legislation to bring transparency to a regulatory appeals process so financial institutions can operate responsibly in the financial system and focus on serving their customers.
“These bills are about helping Main Street,” said Financial Services Committee Chairman Jeb… Read more »
The Subcommittee on Monetary Policy and Trade met today to evaluate the operations of the Committee on Foreign Investment in the United States (CFIUS) and the challenges it faces by a changing global economy.
“Today’s hearing is the third time this Congress that the Subcommittee has publicly examined the Committee on Foreign Investment in the United States, or CFIUS,” said Subcommittee… Read more »
The Subcommittee on Capital Markets, Securities, and Investments held a hearing Wednesday to examine the cryptocurrencies and Initial Coin Offering (ICO) markets. These markets have been growing rapidly, attracting significant attention from investors and start-up enterprises interested in how cryptocurrencies and digital ledger technology can provide capital formation opportunities and… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today upon Senate passage of S. 2155, the “Economic Growth, Regulatory Relief, and Consumer Protection Act.”
“I want to congratulate Chairman Crapo and the Senate for putting together and passing a package of helpful bipartisan banking bills. I look forward to combining them with our helpful… Read more »
On Wednesday, the House voted 247-169 to pass a bill that would ease some of the one-size-fits-all regulations that are crippling community financial institutions.
H.R. 1116, the Taking Account of Institutions with Low Operation Risk (TAILOR) Act of 2017 – sponsored by Representative Scott Tipton (R-CO) – moves financial regulatory agencies away from the current one-size-fits-all… Read more »
