Legislation

Rep. Maxine Waters (D-Calif.) proposed legislation to increase the federal government’s clawback authority following the collapse of Silicon Valley and Signature. Read on for more details. Read on »

The House Financial Services Committee, subcommittee on financial institutions and monetary policy, led by Rep. Andy Barr (R-Ky.), held a hearing to discuss proposed reforms for the Consumer Financial Protection Bureau. The subcommittee heard testimony from legal and industry experts who suggested an array of changes that could be made to the bureau and its operations. Read on for more details. Read on »

Sen. Elizabeth Warren (D-Mass.) and Rep. Katie Porter (D-Calif.) introduced a bill that would repeal the Trump-era changes to the Dodd-Frank Act. Read on for more details. Read on »

Artificial intelligence (AI) has been a thing of science fiction storytelling since the genre’s earliest days. For many, when they think of AI, they think of androids and possibly Isaac Asimov’s three laws of robotics. But there is more to AI and machine learning than robots. They can also be helpful tools in real estate finance. Read on for more details. Read on »

Bipartisan legislation designed to “fix” digital asset reporting requirements was reintroduced in the House of Representatives by House Financial Services Committee Chair Rep. Patrick McHenry (R-N.C.) and Rep. Ritchie Torres (D-N.Y.). Read on for more details. Read on »

The U.S. House of Representatives passed the Reduce Exacerbated Inflation Negatively Impacting the Nation (REIN IN) Inflation Act. The legislation was shepherded in part by House Financial Services Committee Chair Patrick McHenry (R-N.C.) and chair of the House Republican Conference Elise Stefanik (R-N.Y.). Read on for more details. Read on »

The House Financial Services Committee passed the Data Privacy Act of 2023 during its first markup of the new congressional term. The legislation, introduced by committee Chair Patrick McHenry (R-N.C.), seeks to modernize financial data privacy laws and provide consumers with greater control over how their personal information is collected and used. Read on for more details. Read on »

Senate Committee on banking, housing, and urban affairs chair Sherrod Brown (D-Ohio) and Ranking Member Tim Scott (R-S.C.) announced the subcommittees and members for the 118th Congress. Read on for more details. Read on »

President Joe Biden dedicated portions of his State of the Union speech last week to call on Congress to help pass legislation that would increase access to affordable housing. Read on for more details. Read on »

During the first committee meeting of the 118th Congress, House Committee on Financial Services Chair Patrick McHenry (R-N.C.) and Ranking Member Maxine Waters (D-Calif.) announced the members appointed to each of the committee’s six subcommittees for the new term. The oversight and legislative jurisdiction of the committees was also announced in a press release prior to the meeting. Read on for more details. Read on »