Tagged: US House Financial Services Committee

US House Financial Services Committee Postpones All Hearings in March

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

Relief for Small Businesses Through Micro-Offerings Act of 2020: Legislation Seeks to Create Micro-Offering Hosted by Funding Portals

Representative Patrick McHenry distributed multiple legislative proposals today designed to mitigate the impact of the Coronavirus pandemic. While the inevitable outcome is unknown, what is clear is that the economy will take a hit – most likely impacting small businesses disproportionately. McHenry, the Ranking Member… Read More

STIFLE Act of 2020: Proposed Legislation on Illicit Trafficking Includes Review of Virtual Assets, Crypto Exchanges & Online Marketplaces

Transnational crime and trafficking is estimated to be around $1.6 trillion to $2.2 trillion annually. In recognition of this growing area of crime, legislation is in the works to require the Comptroller General of the United States to study the phenomena. The “Stopping Trafficking, Illicit… Read More

US House Financial Services Committee Hearing on Illicit Trafficing Activity May Include Discussion of Cryptocurrency

Next week on March 4th, the Subcommittee on National Security, International Development, and Monetary Policy, part of the House Financial Services Committee, will hold a hearing entitled “The Trafficker’s Roadmap: How Bad Actors Exploit Financial Systems to Facilitate the Illicit Trade in People, Animals, Drugs,… Read More

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