Tagged: house committee on financial services

September 20, 2021 @ 6:53 pm By JD Alois  |  

The US House Task Force on Financial Technology (Fintech) will convene for a hearing tomorrow (September 21) entitled, “Preserving the Right of Consumers to Access Personal Financial Data.” The Fintech Task Force is part of the House Financial Services Committee. The hearing will involve the… Read More

July 22, 2021 @ 12:30 pm By JD Alois  |  

  Next week, the House Committee on Financial Services will hold a hearing on Central Bank Digital Currencies (CBDCs). This is not the first Congressional hearing on CBDCs, nor will it be the last. The concept of a digital dollar, issued by a central bank,… Read More

June 28, 2021 @ 4:18 pm By JD Alois  |  

The House Committee on Financial Services has distributed its schedule for the month of July. Included on the schedule are several Fintech-related topics. On July 16, commencing at 12 PM ET, the Artificial Intelligence Task Force will hold a hearing entitled “I Am Who I… Read More

June 21, 2021 @ 10:58 am By JD Alois  |  

Late last month, the House Committee on Financial Services held a hearing addressing the topic of capital formation and the state of the US initial public offering market. While several witnesses focused on the rapid rise of SPACs, one witness pointed to the precipitous decline… Read More

June 16, 2021 @ 10:51 am By JD Alois  |  

The House Committee on Financial Services already has two current task forces addressing innovation in financial services. A Task Force on Fintech and a Task Force on Artificial Intelligence. Today, the Committee is adding a “Working Group” addressing Digital Assets. Congresswoman Maxine Waters (D-CA), Chairwoman… Read More

June 14, 2021 @ 11:16 pm By JD Alois  |  

On June 15th, the House Financial Services Committee, Task Force on Financial Technology (Fintech) will hold a hearing on central bank digital currency (CBDCs). Entitled, Digitizing the Dollar: Investigating the Technological Infrastructure, Privacy, and Financial Inclusion Implications of Central Bank Digital Currencies, the hearing will dive… Read More

June 3, 2021 @ 7:45 pm By JD Alois  |  

The House Committee on Financial Services has announced its agenda for the month of June. While always subject to change, several hearings should be of note to the Fintech community. First, the Task Force on Fintech (Financial Technology) has scheduled a hearing entitled, “Digitizing the… Read More

May 21, 2021 @ 7:11 pm By JD Alois  |  

This coming Monday, May 24th, the House Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets will hold a hearing entitled Going Public: SPACs, Direct Listings, Public Offerings, and the Need for Investor Protections. The Subcommittee is part of the powerful House Committee on Financial Services… Read More

May 6, 2021 @ 6:30 pm By JD Alois  |  

Today was the 3rd, and perhaps final, hearing held by the House Committee on Financial Services regarding the GameStop (NYSE:GME) sage regarding short selling by traders chatting on Reddit. As most people are aware, investors on subreddits like Wallstreetbets, combined to drive the value of… Read More

May 3, 2021 @ 1:35 pm By JD Alois  |  

The House Committee on Financial Services has disseminated the May 2021 calendar of hearings that cover a wide range of financial services issues. As has been previously reported, this coming Thursday (May 6), beginning at 12Noon ET, will see the GameStop phenomenon discussed once again…. Read More

May 1, 2021 @ 7:39 pm By JD Alois  |  

Later this week, the House Committee on Financial Services will hold a hearing addressing the GameStop trading phenomenon. This will be the third hearing the Committee will have held on the short squeeze that was partly orchestrated by individual chatting on Reddit. Many of the… Read More

April 27, 2021 @ 11:14 pm By JD Alois  |  

The House Committee on Financial Services has announced the hearing schedule for the month of May. Included in the list is the third, and perhaps final, hearing on the GameStop-Robinhood-Reddit saga. On May 6 at 12PM ET, the full Committee will convene for a virtual… Read More

April 21, 2021 @ 4:23 pm By JD Alois  |  

Congresswoman Maxine Waters, Chairwoman of the House Financial Services Committee, has announced the reauthorization of the Financial Technology [Fintech] and Artificial Intelligence [AI] Task Forces for the 117th Congress.  These two Task Forces are relatively new having emerged in the 116th Congress in 2019. The… Read More

April 15, 2021 @ 10:11 pm By JD Alois  |  

The Chairwoman of the House Committee on Financial Services, Maxine Waters, and the Chairman of the Senate Committee on Banking, Sherrod Brown, have jointly announced a new round of hearings that will see the CEOs of the top US banks testify in front of each… Read More

February 26, 2021 @ 1:22 pm By JD Alois  |  

The US House Committee on Financial Services will revisit the GameStop/Reddit/Robinhood fiasco once again in mid-March. The Committee distributed an email last night indicating that a virtual hearing will take place on March 17th, at 12 noon, entitled, “Game Stopped? Who Wins and Loses When… Read More

February 17, 2021 @ 5:29 pm By JD Alois  |  

The House Committee on Financial Services will hold the first of three hearings on the Gamestop – Robinhood saga that saw hedge fund short sellers compelled to sell positions in a short squeeze driven by collaborative trading that was organized on Reddit. Entitled, “Game Stopped?… Read More

February 13, 2021 @ 11:10 am By JD Alois  |  

The House Committee on Financial Services, Chaired by Maxine Waters, has announced the witnesses on the forthcoming hearing entitled “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide.” Witnesses include: Vlad Tenev, Chief Executive Officer, Robinhood Markets, Inc. Steve Huffman, Chief Executive… Read More

February 1, 2021 @ 6:32 pm By JD Alois  |  

Representative Maxine Waters, Chairwoman of the House Committee on Financial Services, has scheduled a hearing to address the trading in Gamestop shares as well as the broader issue of market volatility. The hearing, entitled “Game Stopped? Who Wins and Loses When Short Sellers, Social Media,… Read More

January 26, 2021 @ 8:11 pm By JD Alois  |  

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services announced the six Committee Members who will serve as Subcommittee Chairs for the 117th Congress. Chair Waters issued the following statement: “I am pleased to announce the very experienced, dedicated, diverse, and talented… Read More

January 15, 2021 @ 2:26 pm By JD Alois  |  

Representative Maxine Waters, Chairwoman of the House Committee on Financial Services, has sent a letter to President-elect Joe Biden asking him to “temporarily suspend any midnight regulations” promulgated by the Trump administration. This includes any rules that have not yet been published in the Federal… Read More