Tagged: house financial services committee

December 4, 2024 @ 11:59 am By JD Alois  |  

President-elect Donald Trump has emerged as the top advocate of digital assets and the need to enable crypto innovation. This contrasts with the outgoing President Joe Biden, whose administration sought to crush digital asset innovation at every opportunity. Today, during a House Financial Services Committee… Read More

December 3, 2024 @ 2:59 pm By JD Alois  |  

Tomorrow, the House Financial Services Committee is holding a Hearing on Fintech. Entitled Innovation Revolution: How Technology is Shaping the Future of Finance, multiple well-known entities in the Fintech sector will share their knowledge with the Committee. Those scheduled to testify, include: Denelle Dixon, CEO &… Read More

November 26, 2024 @ 12:06 pm By JD Alois  |  

The House Financial Services Committee has scheduled a full Committee hearing to discuss Fintech. Entitled “Innovation Revolution: How Technology is Shaping the Future of Finance,” this may be the last Fintech hearing under Committee Chairman Patrick McHenry, who has announced his retirement from Congress. The hearing… Read More

September 25, 2024 @ 7:15 pm By JD Alois  |  

Securities and Exchange Commission (SEC) Chairman Gary Gensler took a bit of a beating yesterday during a House Financial Services Committee hearing. The gathering also included all other commissioners which provided an opportunity to hear opposing perspectives held by the Republican minority. The hearing memo… Read More

September 18, 2024 @ 12:30 pm By JD Alois  |  

In what may be a heated meeting of the House Financial Services Committee, SEC Chairman Gary Gensler is scheduled to testify next week in a hearing on the Oversight of the Securities and Exchange Commission. While the hearing memo nor prepared testimony is yet available,… Read More

September 9, 2024 @ 4:07 pm By JD Alois  |  

House Financial Services Committee Republicans have issued a statement on their efforts to “combat the economic threat from the Chinese Communist Party.” China has become more jingoist under the leadership of  President Xi Jinping. The Chairman of the CCP has sought to curtail economic freedom… Read More

September 4, 2024 @ 10:01 am By JD Alois  |  

The House Subcommittee on Oversight and Investigations, part of the House Financial Services Committee, has  scheduled a hearing entitled ” The Fall of ESG: Scrutinizing the Failed Use of Environmental, Social, & Governance Standards and the Influence of Proxy Advisors.” The hearing was initially scheduled for this past July… Read More

September 3, 2024 @ 4:22 pm By JD Alois  |  

The House Financial Services Committee, Subcommittees on Digital Assets, Financial Technology, and Inclusion & Oversight and Investigations, has scheduled a meeting on DeFi. Entitled “Decoding DeFi: Breaking Down the Future of Decentralized Finance, the hearing was previously scheduled for July and then postponed. The hearing… Read More

August 2, 2024 @ 12:46 pm By JD Alois  |  

The House Financial Services Committee Republicans have posted a report on ESG entitled, “The Failure of ESG: An Examination of Environmental, Social and Governance Factors in the American Boardroom and Needed Reforms.” In recent years, ESG has infiltrated corporate America as well as the political… Read More

July 29, 2024 @ 3:12 pm By JD Alois  |  

The Chairman of the House Financial Services Committee, Patrick McHenry, has named Kim Betz as the new staff director for the Committee. McHenry issued a statement indicating Betz has been a close confident and top advisor during his tenure as the Chair. “Her deep experience… Read More

July 18, 2024 @ 4:28 pm By JD Alois  |  

The House Financial Services Committee has revealed a report on Artificial Intelligence (AI). The staff report comes from the Committee’s bipartisan Working Group on AI. The report is being released in advance of a Committee hearing next week entitled “AI Innovation Explored: Insights into AI… Read More

July 16, 2024 @ 3:40 pm By JD Alois  |  

The House Financial Services Committee has scheduled a hearing entitled “AI Innovation Explored: Insights into AI Applications in Financial Services and Housing.” The hearing, which is for the full committee, will take place on Tuesday, July 23rd. The Hearing may reflect the recent position paper… Read More

July 3, 2024 @ 3:40 pm By JD Alois  |  

The Subcommittee on Financial Institutions and Monetary Policy, part of the House Financial Services Committee, has scheduled a hearing entitled Financial Institution-Fintech Partnerships: Leveraging Third-Party Relationships to Increase Access to Financial Services. This specific hearing is a “field hearing” and will take place outside of… Read More

June 5, 2024 @ 2:33 pm By JD Alois  |  

Recently, the head of the FDIC was compelled to resign. Following an independent review of the financial regulator’s management, some Democrats called for FDIC Chairman Martin Gruenberg to step down. Gruenberg decided to part ways with the FDIC when the review shared that between January… Read More

May 31, 2024 @ 10:32 am By JD Alois  |  

The  Subcommittee on Digital Assets, Financial Technology, and Inclusion, part of the House Financial Services Committee, has scheduled a hearing to review the tokenization of real-world assets (RWA). Typically, this entails utilizing blockchain (or DLT) technology to turn assets into digital assets.  While traditional securities… Read More

April 18, 2024 @ 11:20 am By JD Alois  |  

Vanderbilt University Professor Joshua T. White, a former SEC economist at the Division of Economic and Risk Analysis (DERA), did a highly effective job of critiquing the SEC’s new climate disclosure rules during a hearing of the House Financial Services Committee. The new type of… Read More

April 3, 2024 @ 6:18 pm By JD Alois  |  

The House Financial Services Committee has scheduled a hearing on the Securities and Exchange Commission’s (SEC) recent rule change that requires public firms to disclose climate impact. The new ESG-type rules have been controversial at best, with some lambasting the Commission as becoming the Securities… Read More

March 26, 2024 @ 4:44 pm By JD Alois  |  

Republicans on the House Financial Services Committee and the House Committee on Agriculture are demanding that the Securities and Exchange Commission (SEC) clarify whether Ether (ETH—Ethereum) is a security or something else. In recent years, the SEC has publicly stated ETH is not a security…. Read More

March 21, 2024 @ 11:46 am By JD Alois  |  

Yesterday, the House Financial Services Committee, Capital Markets Subcommittee held a hearing on the alleged overreach of the Securities and Exchange Commission (SEC) and the need for reform. The current Commission, under the leadership of Chairman Gary Gensler, has been criticized by many policymakers as… Read More

March 20, 2024 @ 12:28 pm By JD Alois  |  

The Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2023 has re-emerged in Congress. Originally introduced into the House in December of 2023, HR 2865 has now been referred to the House Financial Services Committee, indicating it may come up for a vote…. Read More