Tagged: house financial services committee

January 11, 2023 @ 3:55 pm By JD Alois  |  

Congressman Patrick McHenry, the incoming Chair of the powerful House Financial Services Committee, has announced the Republican members of the Committee for the 118th Congress. McHenry issued the following statement on the Committee members: “I’m proud to welcome all of our new and returning members… Read More

December 15, 2022 @ 12:40 pm By JD Alois  |  

This past Tuesday, the House Committee on Financial Services hosted a hearing with a single witness – John J. Ray, III, the new CEO of FTX. Originally, the Committee had scheduled the former CEO of FTX, Sam Bankman-Fried, to testify, but his arrest the day… Read More

December 7, 2022 @ 6:35 pm By JD Alois  |  

Congressman Patrick McHenry has been selected as the incoming Chair of the House Financial Services Committee. The House Republican Steering Committee made the move in advance of the 118th Congress, which commences in January when the Republicans take over leadership of the House. McHenry’s selection… Read More

April 7, 2022 @ 7:00 pm By JD Alois  |  

The Republican Staff of the House Financial Services Committee has produced a report revisiting the JOBS Act of 2012 and the decade since the legislation became law.  Perhaps the best-known outcome of the legislation was to legalize online capital formation – or crowdfunding – but… Read More

December 28, 2021 @ 7:04 pm By Tony Zerucha  |  

The American Blockchain PAC is urging American legislators to look to the future and not inhibit the transformative power of blockchain technology through heavy-handed regulation. The organization is an independent, non-profit committee that lobbies federal legislators to support blockchain-based and cryptocurrency-based initiatives.. On Dec. 8,… Read More

December 8, 2021 @ 10:07 pm By JD Alois  |  

Earlier today (December 8, 2021), the House Financial Services Committee held a hearing on digital assets. As was previously reported, the witnesses included top crypto executives and thus provided the opportunity for a unique discussion between House members and crypto entrepreneurs. Chairwoman of the Committee,… Read More

December 8, 2021 @ 8:37 am By JD Alois  |  

Later today (December 8, 2021), the House Committee on Financial Services will hold a hearing entitled, “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.”  This hearing will be widely scrutinized by the Fintech sector… Read More

November 21, 2021 @ 4:46 pm By JD Alois  |  

Digital assets, or crypto assets, are once again on the schedule for a hearing of the House Financial Services Committee. Scheduled for December 8 at 10:00 AM ET,  the full Committee will gather for a hybrid hearing entitled, “Digital Assets and the Future of Finance:… Read More

October 5, 2021 @ 10:00 am By JD Alois  |  

At 12 noon today, the House Committee on Financial Services will hold a hearing with SEC Chairman Gary Gensler testifying on behalf of the Commission. The regulation of digital assets (crypto assets) will be a pointed topic of discussion as has been already indicated in… Read More

September 29, 2021 @ 9:26 am By JD Alois  |  

Today (September 29, 2021) the House Committee on Financial Services, Subcommittee on Consumer Protection and Financial Institutions, will hold a hearing on the future of banking. Entitled; The Future of Banking: How Consolidation, Nonbank Competition, and Technology are Reshaping the Banking System, the hearing will… Read More

September 23, 2021 @ 3:04 pm By JD Alois  |  

Earlier this week, the House Financial Services Committee, Fintech Task Force, met to discuss individual data when it comes to financial services. In many ways, data is the fuel for Fintech innovation and thus is a key factor for both financial service providers as well… Read More

March 21, 2021 @ 2:58 pm By JD Alois  |  

This past week, the House Committee on Financial Services held part two of three anticipated hearings on the GameStop/Reddit/Robinhood saga. As most people are aware, in recent months a short-squeeze caused shares in GameStop (NYSE:GME) to jump dramatically higher compelling short sellers to purchase shares… 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

December 5, 2020 @ 4:46 pm By JD Alois  |  

Yesterday, the Democratic members of the Committee on Financial Services, led by Chairwoman Maxine Waters, published a letter addressed to President-elect Joseph Biden demanding that the incoming administration should prioritize the elimination of certain rules and regulations on day one of his presidency. In a… Read More

August 28, 2020 @ 4:44 pm By JD Alois  |  

The House Financial Services Committee has posted its list of (virtual) hearings for the month of September. While always subject to change, the Committee has scheduled a hearing by the Task Force on Financial Technology (Fintech) on digital banking. The hearing entitled “License to Bank:… Read More

July 7, 2020 @ 9:14 pm By JD Alois  |  

  Tomorrow (July 8), the Task Force on Artificial Intelligence, part of the House Financial Services Committee will hold a virtual hearing entitled, “Exposure Notification and Contact Tracing: How AI Helps Localities Reopen Safely and Researchers Find a Cure.”  Open to the public, the virtual… Read More

June 24, 2020 @ 11:14 pm By JD Alois  |  

SEC Chairman Jay Clayton is scheduled to testify on June 25th, at 12 pm ET, before the House Subcommittee on Investor Protection, Entrepreneurship. and Capital Markets. The topic of the hearing is, “Capital Markets and Emergency Lending in the COVID-19 Era.” The hearing is a… Read More

June 1, 2020 @ 6:21 pm By JD Alois  |  

Last Friday, the Acting Comptroller of the Currency Brian P. Brooks quickly moved to clarify a longstanding point of contention within the online lending industry. Brooks issued a statement regarding the Office of the Comptroller of the Currency’s (OCC) final rule on when a national… Read More

May 29, 2020 @ 5:52 pm By JD Alois  |  

  The House Financial Services Committee has posted its list of hearings for the month of June. The Committee like other Congressional committees has migrated to a virtual meeting due to the ongoing Coronavirus pandemic. One of the meetings is for the Fintech Task Force…. Read More

March 12, 2020 @ 5:06 pm By JD Alois  |  

Representative Patrick McHenry, Ranking Member on the House Financial Services Committee, has proposed legislation to crowdfund a vaccine for the Coronavirus entitled “Crowdfunding to Combat the Coronavirus Act.” The bill creates a $1 billion prize for anyone that develops a vaccine for COVID-19 that is… Read More