Tagged: house financial services committee

House Financial Services Committee Chair Requests Information on Oversight Failure Regarding Silicon Valley Bank, Signature Bank

The House Financial Services Committee is demanding answers on how regulators failed in their oversight of Silicon Valley Bank and Signature Bank. Chair of the Committee, Patrick McHenry, has been joined by the Ranking Member of the Senate Committee on Banking, Tim Scott, are requesting… Read More

The Administration’s Attack on the Digital Assets: House Subcommittee Tackles Digital Asset Innovation, Proposes Digital Asset Legislation

Washington DC Capitol At Night Red Light

Coinbase, BitGo Representatives Set to Testify. The Subcommittee on Digital Assets, Financial Technology, and Inclusion, part of the House Financial Services Committee, will hold a hearing tomorrow (March 9, 2023) on digital assets. The title of the hearing is Coincidence or Coordinated? The Administration’s Attack… Read More

Today at House Financial Services Committee: Fed Chair Jerome Powell Testifies on Monetary Policy

Today, a House Financial Services Committee hearing will see Fed Chair Jerome Powell testifying on monetary policy and the state of the economy. The hearing will be live-streamed on the Committee website starting at 10 AM ET today (March 8, 2023). The hearing is entitled… Read More

The US has recorded several of its worst years on record for IPOs: House Subcommittee on Capital Markets to Address Decline in Public Firms

Later this week, the Subcommittee on Capital Markets, part of the House Financial Services Committee, will hold a hearing entitled U.S. Public Markets Built for the 21st Century: Exploring Reforms to Make Our Public Markets Attractive for Small and Emerging Companies Raising Capital. As the… Read More

House Financial Services Subcommittees Schedule Hearings on Access to Capital, Digital Assets

The House Financial Services Committee burst out of the gates earlier this year with hearings on issues that impact investment crowdfunding and other Fintech-related topics. Today, the Committee is announcing more hearings of interest taking place on various Subcommittees. A week from today, on Thursday,… Read More

Recap: House Subcommittee on Capital Markets Hearing on Empowering Entrepreneurs

Earlier this month, the House Subcommittee on Capital Markets, part of the House Financial Services Committee, held a hearing on Empowering Entrepreneurs. The specific topic was “Removing Barriers to Capital Access for Small Businesses.” As everyone should understand, small businesses create around half of the… Read More

Representative Bill Huizenga Sends Letter to Gary Gensler Demanding FTX Records

Representative Bill Huizenga, the Chair of the Subcommittee on Oversight and Investigations, part of the House Financial Services Committee, has sent a letter to SEC Chair Gary Gensler demanding he hand over documents surrounding Sam Bankman-Fried and the collapse of the crypto exchange. The letter… Read More

Doug Ellenoff of Law Firm EGS, Shares 2023 Expectations for SPACs, Securities Crowdfunding and More

Doug Ellenoff, the managing partner of Ellenoff, Grossman, and Schole (EGS) – a Manhattan-based law firm, has been a supporter of innovation in financial services for many years now. A staunch proponent of the JOBS Act of 2012 before it became law, Ellenoff is a… Read More

House Subcommittee on Financial Institutions Schedules Hearing to Discuss Banking and Need to Update Regulations in Line with Emerging Technology

The House Subcommittee on Financial Institutions and Monetary Policy, part of the Financial Services Committee, will discuss banking and the need to improve the regulatory environment in light of emerging technology. The hearing, Revamping and Revitalizing Banking in the 21st Century, will review ways regulation… Read More

House Subcommittee on Capital Markets Wants to Fix Definition of an Accredited Investor, Halt “Discrimination”

The House Subcommittee on Capital Markets, part of the House Financial Services Committee, has hit the ground running in the new Congress. As was reported earlier, the Subcommittee has scheduled a hearing on access to capital and entrepreneurship. On the same day, the Subcommittee will… Read More

Capital Markets Subcommittee Hearing Tackles Access to Capital, JOBS Act Exemptions as Policymakers Look to Improve Ecosystem

This coming Wednesday, February 8, 2023, the Subcommittee on Capital Markets, part of the House Financial Services Committee, will address access to capital as it looks to approve legislation aiming to improve funding for early-stage firms. The hearing is entitled “Empowering Entrepreneurs: Removing Barriers to… Read More

House Financial Services Committee Announces ESG Working Group

The House Financial Services Committee, under the leadership of Chair Patrick McHenry, has announced a new working group to address environmental, social, and governance proposals (ESG). Currently, the Securities and Exchange Commission (SEC) is pursuing ESG rules, more specifically in regards to climate impact disclosure…. Read More

Revamping and Revitalizing Banking in the 21st Century – Virtual

House Financial Services Committee Hearing Entitled: Revamping and Revitalizing Banking in the 21st Century Wednesday, February 8, 2023 10:00 AM in Subcommittee on Financial Institutions and Monetary Policy

Sophistication or Discrimination? How the Accredited Investor Definition Unfairly Limits Investment Access for the Non-wealthy and the Need for Reform – Virtual

House Financial Services Committee Hearing Entitled: Sophistication or Discrimination? How the Accredited Investor Definition Unfairly Limits Investment Access for the Non-wealthy and the Need for Reform Wednesday, February 8, 2023, 10:00 AM in Subcommittee on Capital Markets

Empowering Entrepreneurs: Removing Barriers to Capital Access for Small Businesses – Virtual

House Financial Services Committee   Hearing Entitled: Empowering Entrepreneurs: Removing Barriers to Capital Access for Small Businesses Wednesday, February 8, 2023 2:00 PM in Subcommittee on Capital Markets

Republican Chair of House Financial Services Committee: Ready to Deliver on Innovation, Economic Opportunity for All

The Chair of the House Financial Services Committee, Patrick McHenry, issued a statement today as he led its Organizational Meeting for the 118th Congress. McHenry said that under his leadership, the Committee is ready to boost innovation as well as pursue policy that fosters economic… Read More

House Passes Bi-Partisan Legislation Requiring SEC to Report on Capital Challenges for Rural Small Businesses

The Expanding Access to Capital for Rural Job Creators Act, (HR 298) has passed the House of Representatives. The legislation has both Democrat and Republican sponsors. The legislation would require the Securities and Exchange Commission (SEC) to submit an annual report on the challenges rural… Read More

House Financial Services Committee Chair Announces Committee Staff, Plans to Pursue Innovation in Financial Services as Well as Robust Oversight

  Congressman Patrick McHenry, the Chairman of the powerful House Financial Services Committee, has announced the Committee staff for the 118th Congress. McHenry recently posted his newly formed subcommittees as well as each subcommittee Chair. The Congressman aims to shift the direction of legislation emanating… Read More

New House Financial Services Subcommittee Chair Puts SEC Chair Gary Gensler on Notice

Representative Bill Huizenga,  a member of the House Financial Services Committee and new Chair of the Subcommittee on Oversight and Investigations, has put Securities and Exchange Commission (SEC) Chair Gary Gensler on notice. In a Tweet, Huizenga said that oversight of the SEC is at… Read More

House Financial Services Committee: McHenry Names Subcommittee Chairs, Adds New Digital Assets – Fintech Subcommittee

Congressman Patrick McHenry, the new  Chair of the House Financial Services Committee, has named the Chairs of the Subcommittees. Yesterday, McHenry revealed the Republican members of the Committee as he moves to take over the influential Committee as the Republican-controlled 118th Congress commences. A new… Read More

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