Tagged: house financial services committee

House Financial Services Committee Announces Two Task Forces: Fintech and Artificial Intelligence

The House Financial Services Committee under the leadership of Congresswoman Maxine Waters, Chairwoman of the Committee, has announced the creation of a Task Force on Financial Technology or Fintech and a Task Force on Artificial Intelligence (AI). These two specific topics have emerged in importance… Read More

Several Interesting Hearings Scheduled by the House Financial Services Committee for Early April

This week, the House Financial Services Committee issued a note on upcoming hearings scheduled to take place in early April. Amongst the group are several interesting topics for the realm of Fintech. On Tuesday, April 9 at 10AM the Subcommittee on Consumer Protection and Financial… Read More

Congressional Hearing with Fed Chair Jay Powell Elicits Several Questions on Crypto and Tokenization

It is almost inevitable that topics regarding Fintech surface in Congressional hearings that address the financial services industry. This week’s hearings involving the House Financial Services Committee and Federal Reserve Chairman Jay Powell were no different and some of the questionings went beyond payments. There… Read More

Cannabis and Banking: House Committee to Discuss Access to Financial Services for Marijuana based Businesses

The House Subcommittee on Subcommittee on Consumer Protection and Financial Institutions, part of the Financial Services Committee, has scheduled a hearing for Wednesday, February 13th to discuss the Cannabis industry and access to financial services. The Hearing, entitled Challenges and Solutions: Access to Banking Services for Cannabis-Related… Read More

The House Financial Services Committee: What Should Fintech Expect from Chair Maxine Waters?

The House Financial Services Committee is one of the most powerful Congressional committees on the Hill. The Committee oversees not only the entire financial services industry but its policy portfolio also includes other overlapping responsibilities such as Housing, entrepreneurship and international financial organizations. Last election… Read More

House Financial Services Subcommittee Schedules Hearing on Cannabis Businesses and Access to Banking

The House Financial Services Committee, Subcommittee on Consumer Protection and Financial Institutions, has scheduled a hearing for later next week to discuss the topic Cannabis and banking in a hearing entitled “Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses.” The Subcommittee is Chaired by New… Read More

Congressman McHenry, Ranking Member on the House Finance Services Committee, Requests Series of Hearings – Including Fintech

Congressman Patrick McHenry, the Republican leader of the House Financial Services Committee, has asked Committee Chairwoman Maxine Waters to move forward on hearings in “critical areas that the committee should prioritize in the first months of the new Congress.” The list of hearings requested by… Read More

Congressman Patrick McHenry Selected as Ranking Member of House Financial Services Committee

Congressman Patrick McHenry has been elected as the Ranking Member of the powerful House Financial Services Committee. As Republicans lose control of House, Committee leadership positions have swapped parties. McHenry has been a member of the House Financial Services Committee for some time. “I am… Read More

Congressman Patrick McHenry Seeks Ranking Republican Spot on House Financial Services Committee

Chief Deputy Whip Patrick McHenry, an ardent supporter of small business and Fintech innovation, has announced his intent to become the ranking Republican on the House Financial Services Committee. Following the loss of the US House of Representatives to the Democrats, all Committee Chairs migrate to… Read More

House Subcommittee on Financial Institutions and Consumer Credit to Hold Hearing on Fintech and Financial Markets

US Capitol Hill Washington DC

The House Subcommittee on Financial Institutions and Consumer Credit, part of the Financial Services Committee, has announced a hearing  entitled “Examining Opportunities for Financial Markets in the Digital Era.” Of course finance + digital equals Fintech. The hearing is in response to a report issued… Read More

The ‘‘Financial Technology Protection Act’’ to be Discussed during House Committee Meeting on July 24th

On July 24th, the House Financial Services Committee will consider legislation entitled the ‘‘Financial Technology Protection Act’’ (HR 5036). This bill, along with several others, will be discussed in front of the full Committee. The Act is described as seeking: “To establish an Independent Financial Technology… Read More

Congressional Hearing on The Future of Money & Crypto: “These Innovations Should be Fostered Not Smothered”

The Monetary Policy Subcommittee, part of the House Financial Services Committee, held a hearing today addressing the emerging world of cryptocurrencies. Over the past several months, several Congressional committees have held similar hearings as policy makers seek to better understand crypto and perhaps hinder, or… Read More

Congressional Hearing Entitled “The Future of Money: Digital Currency” Updates on Witnesses

The Subcommittee on Monetary Policy and Trade, part of the House Financial Services Committee, has updated the information on the forthcoming hearing entitled “The Future of Money: Digital Currency.” The Hearing, which will be live streamed on the Committee web site, will include the following… Read More

Monetary Policy and Trade Subcommittee Schedules Hearing on “The Future of Money: Digital Currency” 

The House Financial Services Committee, Subcommittee on Monetary Policy and Trade has scheduled a hearing entitled “The Future of Money: Digital Currency”. The hearing will take place on Wednesday, July 18, 2018 2:00 PM. There is no additional information at this time as to who… Read More

Secretary of the Treasury Steven Mnuchin to Testify Before House Financial Services Committee

Steven Mnuchin, the US Secretary of the Treasury, will testify before the House Financial Services Committee tomorrow (July 12) at 10AM ET. According to the Committee memo, Mnuchin may be expected to discuss: any progress made in reforming the International Monetary Fund (IMF) the status… Read More

House Financial Services Subcommittee Hearing on “Countering the Financial Networks of Weapons Proliferation”

The House Financial Services Subcommittee on Terrorism and Illicit Finance has updated on witnesses for the hearing entitled “Countering the Financial Networks of Weapons Proliferation.” The hearing will take place this Thursday, July 12, 2018, at 2:00 p.m. According to the Subcommittee, the following witnesses… Read More

House Financial Services Committee Schedules Hearing: Countering the Financial Networks of Weapons Proliferation

The House Financial Services Committee has scheduled a hearing entitled “Countering the Financial Networks of Weapons Proliferation.” The Hearing will take place on July 12th at 2PM ET and will be live streamed on the Committee’s website. While the Hearing memo is yet to be released… Read More

Testimony Provided by SEC Chair Jay Clayton Appears to Indicate Ethereum Not Being a Security is Commission Policy, Not Opinion

Earlier this month, the crypto markets quivered with repressed joy and moved higher when Securities and Exchange Commission (SEC) Director of Corporate Finance, William Hinman, declared that Ethereum is not a security. ETH advocates breathed a sigh of relief. Hinman stated; “And putting aside the… Read More

House Financial Services Subcommittee Schedules Hearing on Illicit Use of Cryptocurrencies

The House Financial Services Subcommittee on Terrorism and Illicit Finance, has scheduled a hearing on June 20th on the topic of “Illicit Use of Virtual Currency and the Law Enforcement Response.” This is an important topic that impacts all cryptocurrencies so expect wide viewership from… Read More

House Financial Services Committee Schedules Hearing with OCC Chief Joseph Otting to Discuss Financial Industry Regulation

The House Financial Services Committee has scheduled a hearing entitled “Financial Industry Regulation: the Office of the Comptroller of the Currency.” The hearing, which will involve the Comptroller of the OCC Joseph Otting, will take place on Wednesday, June 13 at 10AM ET at the Rayburn… Read More

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