Tagged: maxine waters

June 16, 2021 @ 10:51 am By JD Alois  |  

The House Committee on Financial Services already has two current task forces addressing innovation in financial services. A Task Force on Fintech and a Task Force on Artificial Intelligence. Today, the Committee is adding a “Working Group” addressing Digital Assets. Congresswoman Maxine Waters (D-CA), Chairwoman… Read More

May 6, 2021 @ 6:30 pm By JD Alois  |  

Today was the 3rd, and perhaps final, hearing held by the House Committee on Financial Services regarding the GameStop (NYSE:GME) sage regarding short selling by traders chatting on Reddit. As most people are aware, investors on subreddits like Wallstreetbets, combined to drive the value of… Read More

May 1, 2021 @ 7:39 pm By JD Alois  |  

Later this week, the House Committee on Financial Services will hold a hearing addressing the GameStop trading phenomenon. This will be the third hearing the Committee will have held on the short squeeze that was partly orchestrated by individual chatting on Reddit. Many of the… Read More

April 27, 2021 @ 11:14 pm By JD Alois  |  

The House Committee on Financial Services has announced the hearing schedule for the month of May. Included in the list is the third, and perhaps final, hearing on the GameStop-Robinhood-Reddit saga. On May 6 at 12PM ET, the full Committee will convene for a virtual… Read More

April 21, 2021 @ 4:23 pm By JD Alois  |  

Congresswoman Maxine Waters, Chairwoman of the House Financial Services Committee, has announced the reauthorization of the Financial Technology [Fintech] and Artificial Intelligence [AI] Task Forces for the 117th Congress.  These two Task Forces are relatively new having emerged in the 116th Congress in 2019. The… Read More

April 15, 2021 @ 10:11 pm By JD Alois  |  

The Chairwoman of the House Committee on Financial Services, Maxine Waters, and the Chairman of the Senate Committee on Banking, Sherrod Brown, have jointly announced a new round of hearings that will see the CEOs of the top US banks testify in front of each… Read More

February 26, 2021 @ 1:22 pm By JD Alois  |  

The US House Committee on Financial Services will revisit the GameStop/Reddit/Robinhood fiasco once again in mid-March. The Committee distributed an email last night indicating that a virtual hearing will take place on March 17th, at 12 noon, entitled, “Game Stopped? Who Wins and Loses When… Read More

February 17, 2021 @ 5:29 pm By JD Alois  |  

The House Committee on Financial Services will hold the first of three hearings on the Gamestop – Robinhood saga that saw hedge fund short sellers compelled to sell positions in a short squeeze driven by collaborative trading that was organized on Reddit. Entitled, “Game Stopped?… Read More

February 13, 2021 @ 11:10 am By JD Alois  |  

The House Committee on Financial Services, Chaired by Maxine Waters, has announced the witnesses on the forthcoming hearing entitled “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide.” Witnesses include: Vlad Tenev, Chief Executive Officer, Robinhood Markets, Inc. Steve Huffman, Chief Executive… Read More

February 1, 2021 @ 6:32 pm By JD Alois  |  

Representative Maxine Waters, Chairwoman of the House Committee on Financial Services, has scheduled a hearing to address the trading in Gamestop shares as well as the broader issue of market volatility. The hearing, entitled “Game Stopped? Who Wins and Loses When Short Sellers, Social Media,… 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

January 22, 2021 @ 11:27 am By JD Alois  |  

Yesterday, Assistant to the President and Chief of Staff Ronald Klein distributed a Presidential Action by President Joe Biden that is poised to impact recent improvements to security crowdfunding including the Reg CF and Reg A+ exemption. Entitled Regulatory Freeze Pending Review, President Biden has… Read More

January 18, 2021 @ 10:40 am By JD Alois  |  

Gary Gensler, the former Commodities Futures Trading Commissioner Chair, has been selected by President-elect Joe Biden to helm the Securities and Exchange Commission (SEC). Gensler previously led the CFTC during the Obama administration. Prior to the CFTC, Gensler spent 18 years at Goldman Sachs. He is… Read More

January 15, 2021 @ 2:26 pm By JD Alois  |  

Representative Maxine Waters, Chairwoman of the House Committee on Financial Services, has sent a letter to President-elect Joe Biden asking him to “temporarily suspend any midnight regulations” promulgated by the Trump administration. This includes any rules that have not yet been published in the Federal… 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

July 24, 2020 @ 4:39 pm By JD Alois  |  

Months ago, the Securities and Exchange Commission (SEC) kicked off a review of the exempt offering ecosystem in an attempt to improve access to capital for younger firms while continuing to ensure sufficient investor protection. Over the years, access to capital via the public markets… 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

March 13, 2020 @ 4:42 pm By JD Alois  |  

Representative Maxine Waters, Chairwoman of the House Financial Services Committee, has postponed all Committee hearings through the end of the month. Chair Waters made the decision in light of the Coronavirus pandemic. The hearings scheduled included a review of digital currencies. Expectations are for these… Read More

January 7, 2020 @ 9:19 pm By JD Alois  |  

The House Financial Services Committee has published its schedule of hearings for the month of January. Included in the mix, is a gathering of the Fintech Task Force, a relatively new entity created by Committee Chairwoman Maxine Waters. The Fintech Task Force will review the… Read More

October 28, 2019 @ 10:19 pm By JD Alois  |  

The US House of Representatives passed HR 4860 or the Crowdfunding Amendments Act by a voice vote today thus indicating broad bipartisan support. The bill was part of a grouping of five financial services bills each quickly approved by the House. The bill was introduced by… Read More