Inside the Beltway

Twenty-three senators wrote to Office of Management and Budget Director Russ Vought on June 30, urging him to order the immediate release of approximately $750 million earmarked for addressing the lack of affordable housing supply in the country. Read on »

A coalition of financial services and consumer advocacy organizations wrote to the Federal Communications Commission, urging the agency to reconsider portions of its 2024 “revoke all” rule, which restricts robocalls and robotexts without prior express consent or a recognized exemption. Read on »

Newly introduced legislation authorizing banks to legally finance state-licensed cannabis businesses represents the latest in a long line of attempts to create such a “safe harbor” for financial institutions over the past seven years. Read on »

The Federal Deposit Insurance Corp. published a notice of proposed rulemaking on June 25 to streamline certain resolution planning requirements applicable to banks with $50 billion to $100 billion. Read on »

In a highly anticipated move, the House voted 358-32 to pass the 21st Century ROAD to Housing Act on June 23, sending the measure to the desk of President Donald Trump to await his signature. Trump indicated via social media that he does not plan to sign the bill until Congress passes the Safeguard American Voter Eligibility (SAVE) Act. Read on »

Lawmakers in the House and Senate reached a deal to reconcile their respective versions of the 21st Century ROAD to Housing Act on June 16, bringing Congress seemingly to the precipice of passing the long-awaiting housing legislation. Dodd Frank Update sought insight from Garris Horn Co-Managing Partner Troy Garris about what lenders should know. Read on »

The Financial Crimes Enforcement Network, federal banking agencies and the Consumer Financial Protection Bureau issued advisories for financial services providers related to immigration. These were issued in response to President Donald Trump’s executive order on the matter. Read on »

President Donald Trump signed an executive order, titled “Promoting Advanced Artificial Intelligence Innovation and Security,” on June 2. The directive seeks to facilitate access to new artificial intelligence innovations while also safeguarding the U.S. against AI-enabled threats to national security. Read on »

The House voted 396-13 to pass its amended version of the 21st Century ROAD to Housing Act on May 20. The ball is once again in the Senate’s court to determine what happens next with the bill, which has gained strong bipartisan support from lawmakers and within the financial services sector. Read on »

The Senate confirmed Kevin Warsh as the new chairman of the Federal Reserve. Warsh’s experience in financial markets and his approach to monetary policy have earned him support from industry trade associations. Read on »