Diversity in the Boardroom

On Thursday, the House Financial Services Committee convened a full Committee hearing entitled, “Diversity in the Boardroom: Examining Proposals to Increase the Diversity of America’s Boards.”

This hearing is part of an ongoing effort by Committee Democrats to ensure diverse voices at decision-making tables throughout the country. See Chairwoman Waters’ opening statement here.

Committee Democrats have also offered legislative solutions to increase diversity data disclosures and require Federal Reserve banks to interview diverse candidates when filling vacant positions. See legislation below.

• H.R. 281, The Ensuring Diverse Leadership of 2019, introduced by Representative Joyce Beatty (D-OH), Chairwoman of the Subcommittee on Diversity and Inclusion. Click here to learn more.
  
• H.R. 1018, The Improving Corporate Governance Through Diversity Act of 2019, introduced by Representative Gregory Meeks (D-NY), Chairman of the Consumer Protection and Financial Institutions Subcommittee. Click here to learn more.
  
• H.R. 3279, The Diversity in Corporate Leadership Act of 2019, introduced by Representative Carolyn Maloney (D-NY), Chairwoman of the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets. Click here to learn more.
  

Next Up: Subcommittee on Diversity and Inclusion hearing entitled, “Diverse Asset Managers: Challenges, Solutions and Opportunities for Inclusion” – Tuesday, June 25 at 10:00AM.

What’s Your Home Worth?

On Thursday, the Subcommittee on Housing, Community Development and Insurance, chaired by Representative William Lacy Clay (D-MO), convened a hearing to review the appraisal industry and discuss legislative proposals including H.R. 2851, The Homebuyer Assistance Act of 2019, introduced by Representative Brad Sherman (D-CA). Click here to learn more.

Putting Investors First

On Wednesday, the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets, chaired by Representative Carolyn Maloney (D-NY), convened a hearing to examine proposals to strengthen enforcement against securities law violators. Click here to learn more.

Witnesses from L to R: Jordan A. Thomas, Labaton Sucharow; Urska Velikonja,, Georgetown University Law Center; Stephen Crimmins, Murphy & McGonigle PC and Andrew N. Vollmer, University of Virginia School of Law

The Economic Impact of Trump's Tariffs

On Wednesday, the Subcommittee on National Security, International Development, and Monetary Policy, chaired by Representative Emanuel Cleaver (D-MO), convened a hearing to explore the impact of recent trade policies on the U.S. economy. 

See Chairwoman Waters’ Q&A below and click here to learn more.

Weekend Reads

American Banker | Waters calls for halt to Facebook's crypto plans

Politico | Senate confirms SEC commissioner, two key Treasury nominees

The Wall Street Journal | House Deal Would Keep ExIm Bank Functioning Through 2026

The Washington Post | Trump appointee, whose past blogs on race sparked backlash, to join HUD

Tweet of the Week

Member Spotlight

Congresswoman Ayanna Pressley (D-MA).

 "Mnuchin, like so many others in this disgraceful administration, continues to behave as if his job is to satisfy this President and not serve the American people. As exhausting and frustrating [as] this may be – we must continue to hold them accountable," Rep. Pressley to Newsweek on Harriet Tubman’s placement on $20 bill.

Chairwoman's Corner Facebook Cryptocurrency: On Thursday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, joined CNBC’s Closing Bell to discuss Facebook’s announcement that it plans to launch a cryptocurrency. See her interview above and click here to read her Tuesday statement.