Press Releases

House Passes Seven Financial Services Bills

Washington, DC, January 13, 2020

Today, the U.S. House of Representatives passed the following financial services bills to support veterans, benefit investors, provide housing opportunities, hold regulators accountable, promote Minority Depository Institutions (MDIs), and improve cybersecurity:

H.R. 4302, Homeless Assistance Act of 2019, a bill that would allow public housing agencies to share client level data with local governments and nonprofit service providers, and help them to identify people who experience homelessness and frequently use multiple services and systems.

This bill was introduced by Rep. Brad Sherman, (D-CA), Chair of the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets.

It was passed by a voice vote.

H.R. 4335, 8-K Trading Gap Act of 2019, a bill that would fix a loophole in our securities laws to prevent corporate insiders from profiting based on nonpublic information.

This bill was introduced by Rep. Carolyn Maloney (D-NY).

It was passed by a vote of 384-7.

H.R. 4841, Prudential Regulators Oversight Act, a bipartisan bill that requires the federal prudential banking regulators to provide annual testimony to the House Financial Services Committee, along with semiannual reports on their supervisory and regulatory activities.

This bill was introduced by Rep. Dean Phillips (D-MN).

It was passed by a voice vote.

H.R. 5315, Expanding Opportunities for MDIs Act, a bill that would codify the U.S. Department of Treasury’s mentor-protégé program to encourage collaboration and partnerships between MDIs and large financial institutions.

This bill was introduced by Rep. Joyce Beatty (D-OH), Chair of the Subcommittee on Diversity and Inclusion.

It was passed by a voice vote.

H.R. 2398, Veteran HOUSE Act of 2020, a bill to expand the eligibility for the Housing and Urban Development-Veterans Affairs Supportive Housing or HUD-VASH program, to veterans experiencing homelessness who have received an “other than honorable” discharge.

This bill was introduced by Rep. Scott Peters (D-CA).

It was passed by a vote of 362-31.

H.R. 4458, Cybersecurity and Financial System Resilience Act of 2019, a bill that would help strengthen cybersecurity at the prudential banking regulators as well as the financial institutions they supervise.

This bill was introduced by Rep. Patrick McHenry (R-NC), Ranking Member of the House Financial Services Committee.

It was passed by a voice vote.

S. 457, President George H.W. Bush and First Spouse Barbara Bush Coin Act, a bill that requires the issuance of $1 coins bearing the image of President George H.W. Bush for a one-year period beginning on January 1, 2019, and bullion coins bearing the image of Barbara Bush during that same period.

This bill was introduced by Sen. John Cornyn (R-TX).

It was passed by a voice vote.


###



Subscribe for Updates

Twitter Feed