Tagged: house financial services committee

House Financial Services Committee is Investigating the FDIC Regarding Allegations of “Misconduct”

The House Financial Services Committee has announced that it is investigating the Federal Deposit Insurance Corporation (FDIC) in regard to allegations of “misconduct.” The Committee does not outline exactly what types of misconduct may be occurring but references reports of widespread malfeasance.   🚨 CALLING… Read More

Congressman Patrick McHenry Reintroduces the Financial Services Innovation Act

Congressman Patrick McHenry, the Chairman of the House Financial Services Committee, has reintroduced the Financial Services Innovation Act. The legislation was previously introduced by McHenry but did not garner sufficient traction to move to the House floor for a vote. This bill aims to establish… Read More

Secretary of the Treasury Janet Yellen Tells Congress to Create Legislation Addressing Stablecoins, Spot Trading of Crypto. Don’t Hold Your Breath

Earlier this week, the Secretary of the Treasury, Janet Yellen, testified in front of the House Financial Services Committee. The hearing was scheduled to review the Financial Stability Oversight Council (FSOC). This is a group of federal financial regulators, and others, gathered to address risks… Read More

House Financial Services Committee to Hold Hearing on Federal Banking Proposals

The Financial Institutions & Monetary Policy Subcommittee, part of the House Financial Services Committee, has scheduled a hearing on banking regulation. The hearing is entitled Rules Without Analysis: Federal Banking Proposals Under the Biden Administration. While there is no information regarding the specifics of the… Read More

ESG: House Financial Services Committee to Hold Hearing on SEC’s Attempt to Regulate Climate Impact

The House Financial Services Committee has announced the Oversight and Investigations Subcommittee will hold a hearing entitled: “Oversight of the SEC’s Proposed Climate Disclosure Rule: A Future of Legal Hurdles.” The hearing is scheduled to take place on Thursday, January 18, 2024, at 10 AM… Read More

House Financial Services Committee Republicans Tell SEC to Explain X Breach in Bogus Bitcoin ETF Announcement

Representative Patrick McHenry,  Chairman of the House Financial Services Committee, has joined the Chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga, the Chairman of the Subcommittee on Digital Assets, Financial Technology and Inclusion, French Hill, and the Chairman of the Subcommittee on Capital… Read More

House Subcommittee to Discuss Financing Nuclear Energy

The House Financial Services Committee, Subcommittee on National Security, Illicit Finance, and International Financial Institutions will hold a hearing on financing for nuclear energy. Nuclear energy is deemed to be one of the cleanest energies available today. In recent decades, there has been a push… Read More

House Financial Services Committee Schedules Two Subcommittee Hearings

Two House Financial Services Committee subcommittees have scheduled hearings for next week. The Digital Assets, Financial Technology, and Inclusion Subcommittee has scheduled a Hearing Entitled: “Regulatory Whiplash: Examining the Impact of FSOC’s Ever-Changing Designation Framework on Innovation.” FSOC, or the Financial Stability Oversight Council, involves… Read More

House Financial Services Committee Announces “Field” Hearing to Take Pace in Arkansas

The House Financial Services Committee has announced a “field hearing” scheduled to take place in Little Rock, Arkansas. The hearing is entitled “Connecting Communities: Building Innovation Ecosystems Across America,” led by the Digital Assets, Financial Technology and Inclusion Subcommittee. The hearing will commence at 10… Read More

House Subcommittee on Digital Assets and Fintech Schedules Hearing on Innovation in Financial Services

The Subcommittee on Digital Assets, Financial Technology, and Inclusion, part of the House Financial Services Committee, has announced a hearing addressing innovation in financial services. The hearing is entitled: “Fostering Financial Innovation: How Agencies Can Leverage Technology to Shape the Future of Financial Services” The hearing… Read More

Chainalysis Founder to Paricipate in House Hearing on Digital Assets and Illicit Activity

This Wednesday (November 15, 2023), the House Subcommittee on Digital Assets and Financial Technology, part of the House Committee on Financial Servies, will hold a hearing on “Breaking Down the Illicit Activity in Digital Assets” – addressing the use of crypto to commit crimes, including… Read More

House Financial Services Committee Announces Hearing on Prudential Regulators

The House Financial Services Committee has announced a new hearing of the full Committee to discuss financial regulation. The hearing, scheduled for 930 AM ET, Wednesday, November 15, is entitled aptly “Oversight of Prudential Regulators.” Little information is yet available on the hearing, but you… Read More

CFPB Targets Big Tech and Fintech with New Oversight Rules, Representative McHenry Slams Proposal

The Consumer Financial Protection Bureau (CFPB) wants to expand its portfolio of compliance by targeting big tech and the Fintech services they provide. According to a statement issued by the CFPB today, the agency is targeting digital wallets and payment apps, claiming they must comply… Read More

House Financial Services Committee Hearing on “Ceding Authority Over American Financial Regulation”

Tomorrow, November 7, at 10 AM ET, the Subcommittee on Financial Institutions and Monetary Policy will hold a hearing on the United States’ position in global financial regulation. Part of the House Financial Services Committee, the hearing is entitled, The Tangled Web of Global Governance:… Read More

House Financial Services Committee Schedules Hearing on US Financial Regulation Falling Behind

The Subcommittee on Financial Institutions and Monetary Policy, part of the House Financial Services Committee, has scheduled a hearing entitled; “The Tangled Web of Global Governance: How the Biden Administration is Ceding Authority Over American Financial Regulation.” The United States is home to the most… Read More

Capital Markets Subcommittee Hearing to Address SEC Rulemaking and Concerns [u]

Update: The Subcommittee hearing has been postponed until a later date. Tomorrow, the Subcommittee on Capital Markets, part of the House Financial Services Committee, will hold a hearing entitled “Examining the SEC’s Agenda: Unintended Consequences for U.S. Capital Markets and Investors.”  According to the Hearing… Read More

House Financial Services Committee Adds More October Hearings, Includes Fintech Subcommittee

The House Financial Services Committee has added several new hearings to the October calendar. As was previously reported, the Committed has already scheduled several hearings, even while the House is missing a Speaker, and the Committee Chair, Patrick McHenry, may end up as Speaker Pro-Tem…. Read More

House Financial Services Committee Announces Subcommittee Hearings, Scrutinizes SEC Agenda

The House Financial Services Committee has announced several upcoming hearings on various issues. On Tuesday, October 24, the Capital Markets Subcommittee will hold a hearing entitled: “Examining the SEC’s Agenda: Unintended Consequences for U.S. Capital Markets and Investors.” The same day, the Financial Institutions &… Read More

Republicans Hammer SEC on “Cumulative Impact of Rulemakings”

In the minutes before the testimony by SEC Gary Gensler in front of the House Financial Services Committee, the leadership has distributed a letter pounding Chair Gensler on the “cumulative impact” of the SEC’s rulemakings during his tenure. The Republican leadership demands that Gensler “ahalt… Read More

Here is SEC Chair Gary Gensler’s Prepared Testimony for the Hearing at the House Financial Services Committee

  Today, commencing shortly, SEC Chair Gary Gensler will testify in front of the House Financial Services Committee. You can expect a good grilling of Chair Gensler as the Republic-controlled Committee has pushed against his aggressive rule-making agenda that has propelled the SEC into the… Read More

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