Tagged: house financial services committee

House Financial Services and Agriculture Committees Demands the SEC Clarify Treatment of Ether (ETH). Is it a Security?

Republicans on the House Financial Services Committee and the House Committee on Agriculture are demanding that the Securities and Exchange Commission (SEC) clarify whether Ether (ETH—Ethereum) is a security or something else. In recent years, the SEC has publicly stated ETH is not a security…. Read More

The SEC “Does an Increasingly Ineffective Job”: Securities Policy Expert Hammers Commission at House Hearing

Yesterday, the House Financial Services Committee, Capital Markets Subcommittee held a hearing on the alleged overreach of the Securities and Exchange Commission (SEC) and the need for reform. The current Commission, under the leadership of Chairman Gary Gensler, has been criticized by many policymakers as… Read More

Pending Legislation (HR 2865) Will Increase the Threshold When Issuers Need to Provide Reviewed Financials Under Reg CF

The Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2023 has re-emerged in Congress. Originally introduced into the House in December of 2023, HR 2865 has now been referred to the House Financial Services Committee, indicating it may come up for a vote…. Read More

Representative Maxine Waters Hammers the Expanding Access to Capital Act

Representative Maxine Waters, the ranking minority member on the House Financial Services Committee, has issued a blistering statement on the Expanding Access to Capital Act (HR 2799), renaming it the Expanding Access to Fraud Act. Introduced into the House by Representative Patrick McHenry, Chairman of… Read More

House Financial Services Committee is Investigating the FDIC Regarding Allegations of “Misconduct”

The House Financial Services Committee has announced that it is investigating the Federal Deposit Insurance Corporation (FDIC) in regard to allegations of “misconduct.” The Committee does not outline exactly what types of misconduct may be occurring but references reports of widespread malfeasance.   🚨 CALLING… Read More

Congressman Patrick McHenry Reintroduces the Financial Services Innovation Act

Congressman Patrick McHenry, the Chairman of the House Financial Services Committee, has reintroduced the Financial Services Innovation Act. The legislation was previously introduced by McHenry but did not garner sufficient traction to move to the House floor for a vote. This bill aims to establish… Read More

Secretary of the Treasury Janet Yellen Tells Congress to Create Legislation Addressing Stablecoins, Spot Trading of Crypto. Don’t Hold Your Breath

Earlier this week, the Secretary of the Treasury, Janet Yellen, testified in front of the House Financial Services Committee. The hearing was scheduled to review the Financial Stability Oversight Council (FSOC). This is a group of federal financial regulators, and others, gathered to address risks… Read More

House Financial Services Committee to Hold Hearing on Federal Banking Proposals

The Financial Institutions & Monetary Policy Subcommittee, part of the House Financial Services Committee, has scheduled a hearing on banking regulation. The hearing is entitled Rules Without Analysis: Federal Banking Proposals Under the Biden Administration. While there is no information regarding the specifics of the… Read More

ESG: House Financial Services Committee to Hold Hearing on SEC’s Attempt to Regulate Climate Impact

The House Financial Services Committee has announced the Oversight and Investigations Subcommittee will hold a hearing entitled: “Oversight of the SEC’s Proposed Climate Disclosure Rule: A Future of Legal Hurdles.” The hearing is scheduled to take place on Thursday, January 18, 2024, at 10 AM… Read More

House Financial Services Committee Republicans Tell SEC to Explain X Breach in Bogus Bitcoin ETF Announcement

Representative Patrick McHenry,  Chairman of the House Financial Services Committee, has joined the Chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga, the Chairman of the Subcommittee on Digital Assets, Financial Technology and Inclusion, French Hill, and the Chairman of the Subcommittee on Capital… Read More

House Subcommittee to Discuss Financing Nuclear Energy

The House Financial Services Committee, Subcommittee on National Security, Illicit Finance, and International Financial Institutions will hold a hearing on financing for nuclear energy. Nuclear energy is deemed to be one of the cleanest energies available today. In recent decades, there has been a push… Read More

House Financial Services Committee Schedules Two Subcommittee Hearings

Two House Financial Services Committee subcommittees have scheduled hearings for next week. The Digital Assets, Financial Technology, and Inclusion Subcommittee has scheduled a Hearing Entitled: “Regulatory Whiplash: Examining the Impact of FSOC’s Ever-Changing Designation Framework on Innovation.” FSOC, or the Financial Stability Oversight Council, involves… Read More

House Financial Services Committee Announces “Field” Hearing to Take Pace in Arkansas

The House Financial Services Committee has announced a “field hearing” scheduled to take place in Little Rock, Arkansas. The hearing is entitled “Connecting Communities: Building Innovation Ecosystems Across America,” led by the Digital Assets, Financial Technology and Inclusion Subcommittee. The hearing will commence at 10… Read More

House Subcommittee on Digital Assets and Fintech Schedules Hearing on Innovation in Financial Services

The Subcommittee on Digital Assets, Financial Technology, and Inclusion, part of the House Financial Services Committee, has announced a hearing addressing innovation in financial services. The hearing is entitled: “Fostering Financial Innovation: How Agencies Can Leverage Technology to Shape the Future of Financial Services” The hearing… Read More

Chainalysis Founder to Paricipate in House Hearing on Digital Assets and Illicit Activity

This Wednesday (November 15, 2023), the House Subcommittee on Digital Assets and Financial Technology, part of the House Committee on Financial Servies, will hold a hearing on “Breaking Down the Illicit Activity in Digital Assets” – addressing the use of crypto to commit crimes, including… Read More

House Financial Services Committee Announces Hearing on Prudential Regulators

The House Financial Services Committee has announced a new hearing of the full Committee to discuss financial regulation. The hearing, scheduled for 930 AM ET, Wednesday, November 15, is entitled aptly “Oversight of Prudential Regulators.” Little information is yet available on the hearing, but you… Read More

CFPB Targets Big Tech and Fintech with New Oversight Rules, Representative McHenry Slams Proposal

The Consumer Financial Protection Bureau (CFPB) wants to expand its portfolio of compliance by targeting big tech and the Fintech services they provide. According to a statement issued by the CFPB today, the agency is targeting digital wallets and payment apps, claiming they must comply… Read More

House Financial Services Committee Hearing on “Ceding Authority Over American Financial Regulation”

Tomorrow, November 7, at 10 AM ET, the Subcommittee on Financial Institutions and Monetary Policy will hold a hearing on the United States’ position in global financial regulation. Part of the House Financial Services Committee, the hearing is entitled, The Tangled Web of Global Governance:… Read More

House Financial Services Committee Schedules Hearing on US Financial Regulation Falling Behind

The Subcommittee on Financial Institutions and Monetary Policy, part of the House Financial Services Committee, has scheduled a hearing entitled; “The Tangled Web of Global Governance: How the Biden Administration is Ceding Authority Over American Financial Regulation.” The United States is home to the most… Read More

Capital Markets Subcommittee Hearing to Address SEC Rulemaking and Concerns [u]

Update: The Subcommittee hearing has been postponed until a later date. Tomorrow, the Subcommittee on Capital Markets, part of the House Financial Services Committee, will hold a hearing entitled “Examining the SEC’s Agenda: Unintended Consequences for U.S. Capital Markets and Investors.”  According to the Hearing… Read More

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