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Committee Passes Four Bills
On Thursday, the House Financial Services Committee passed four bills to hold regulators accountable and reauthorize the Terrorism Risk Insurance Program and the Export-Import Bank.
See the Chairwoman’s opening statement here and click here for details on the legislation.
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As Seen on FSC-TV
In case you missed it, see below for a snippet of the infographics displayed in the hearing room this week.
October 29: Subcommittee on Oversight and Investigations hearing discrimination in lending and housing in the LGBTQ+ Community.
October 29-31: Full Committee Markup.
Weekend Reads
The End of Affordable Housing?
Waters Writes to Trump on Homelessness: On Monday, Chairwoman Waters sent a letter to Donald J. Trump, President of the United States, taking him to task for his harmful homelessness proposals.
“From day one of your presidency, you have attacked our democracy and now you have set your ire on the 550,000 Americans who on any given night experience homelessness,” the Chairwoman wrote. “Given this deplorable track record, I demand that you provide additional information on your Administration's recent report, "The State of Homelessness in America," and your reported plans to unilaterally demolish homeless tent camps and relocate homeless individuals to federally-owned facilities. As you know, homelessness in this country has reached crisis proportions and this effort would be one of the numerous cruel, unlawful, and unpatriotic actions you have taken during what will hopefully be a short-lived presidency.”
Click here for the full text of the letter.
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Member Spotlight
| Congressman Dean Phillips (D-MN) |
On Thursday, the Committee unanimously passed a bill, introduced by Rep. Phillips, to hold prudential regulators accountable.
H.R. 4841, the Prudential Regulator Oversight Act, is a bipartisan bill which requires the federal prudential banking regulators to provide annual testimony to the Committee, along with semiannual reports on their supervisory and regulatory activities.
H.R. 4841 passed the Committee by a vote of 55-0.
Click here to watch Rep. Phillips discuss his bill during the full Committee markup this week.
Tweet of the Week
Chairwoman's Corner
On Monday, the U.S. House of Representatives passed five financial services bills, including bills to: close loopholes in and ensure better enforcement of this country’s anti-money laundering and Bank Secrecy Act laws, protect investors and help startups finance their operations, require the Consumer Bureau to conduct research on the challenges of unbanked and underbanked consumers, and require the Treasury Secretary to mint several commemorative coins.
Click here for details on the legislation.
Chairwoman's Corner
On Thursday, Chairwoman Waters, announced several Committee hearings for the month of November:
- November 13 at 10:00 AM: The Subcommittee on National Security, International Development, and Monetary Policy will convene for a hearing entitled, “How America Leads Abroad: An Examination of Multilateral Development Institutions.”
- November 13 at 2:00 PM: The full Committee will convene for a markup.
- November 14 at 10:00 AM: The full Committee will convene for a continuation of the November 13 markup.
- November 19 at 10:00 AM: The full Committee will convene for a hearing entitled: “America for Sale? An Examination of the Practices of Private Funds.”
- November 20 at 10:00 AM: The Subcommittee on Consumer Protection and Financial Institutions will convene for a hearing entitled, “An Examination of Regulators’ Efforts to Preserve and Promote Minority Depository Institutions.”
- November 20 at 2:00 PM: The Subcommittee on Housing, Community Development, and Insurance will convene for a hearing entitled, “Safe and Decent? Examining the Current State of Residents’ Health and Safety in HUD Housing.”
- November 21 at 9:30 AM: The Task Force on Financial Technology will convene for a hearing entitled, “Banking on Your Data: the Role of Big Data in Financial Services.”
Visit https://democrats-financialservices.house.gov/calendar/ for the most up-to-date Committee schedule.
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