Financial Services Week Ahead May 18-May 22

US House of Representatives:

 

 

House Financial Services Committee:

 

 

Hearing entitled “The Future of Housing in America: Oversight of the Rural Housing Service”  Tuesday, May 19, 2015 10:00 AM in 2220 Rayburn HOB  Housing and Insurance 

 

Witness List

  • Mr. Tony Hernandez, Administrator, Rural Housing Service, U.S. Department of Agriculture
  • Mr. Mathew Scire, Director, Financial Markets and Community Investment, U.S. Government Accountability Office

 

 

Hearing entitled “Protecting Critical Infrastructure: How the Financial Sector Addresses Cyber Threats”  Tuesday, May 19, 2015 1:00 PM in 2175 Rayburn HOB  Financial Institutions and Consumer Credit 

 

Witness List

  • The Honorable Kenneth E. Bentsen, Jr. President and Chief Executive Officer, SIFMA
  • Mr. Greg Garcia, Executive Director, Financial Services Sector Coordinating Council
  • Mr. Rob Nichols, President and Chief Executive Officer, Financial Services Forum
  • Mr. Russell Fitzgibbons, Executive Vice President and Chief Risk Officer, The Clearing House
  • Mr. Jason Healey, Senior Fellow, Cyber Statecraft, Atlantic Council

Markup of H.R. 432, “SBIC Advisers Relief Act of 2015”; H.R. 686, “Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015”; H.R. 1334, “Holding Company Registration Threshold Equalization Act of 2015”; H.R. 1525, “Disclosure Modernization and Simplification Act of 2015”; H.R. 1675, “Encouraging Employee Ownership Act of 2015”; H.R. 1723, “Small Company Simple Registration Act of 2015”; H.R. 1847, “Swap Data Repository and Clearinghouse Indemnification Correction Act of 2015”; H.R. 1965, “Small Company Disclosure Simplification Act”; H.R. 1975, “Securities and Exchange Commission Overpayment Credit Act”; H.R. 2064, “Improving Access to Capital for Emerging Growth Companies Act”; H.R. 2354, “Streamlining Excessive and Costly Regulations Review Act”; H.R. 2356, ‘‘Fair Access to Investment Research Act of 2015”; H.R. 2357, the ‘‘Accelerating Access to Capital Act of 2015”; and a resolution to name a new Republican Member of the Committee to subcommittees 

Wednesday, May 20, 2015 10:00 AM in 2128 Rayburn HOB  Full Committee 

 

The Committee on Financial Services will meet in open markup session to consider the following measures:

  • H.R. 432, the “SBIC Advisers Relief Act of 2015”
  • H.R. 686, the “Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015”
  • H.R. 1334, the “Holding Company Registration Threshold Equalization Act of 2015”
  • H.R. 1525, the “Disclosure Modernization and Simplification Act of 2015”
  • H.R. 1675, the “Encouraging Employee Ownership Act of 2015”
  • H.R. 1723, the “Small Company Simple Registration Act of 2015”
  • H.R. 1847, the “Swap Data Repository and Clearinghouse Indemnification Correction Act of 2015”
  • H.R. 1965, the “Small Company Disclosure Simplification Act”
  • H.R. 1975, the “Securities and Exchange Commission Overpayment Credit Act”
  • H.R. 2064, the “Improving Access to Capital for Emerging Growth Companies Act”
  • H.R. 2354, the “Streamlining Excessive and Costly Regulations Review Act”
  • H.R. 2356, the ‘‘Fair Access to Investment Research Act of 2015”
  • H.R. 2357, the ‘‘Accelerating Access to Capital Act of 2015”
  • A resolution to name a new Republican Member of the Committee to subcommittees, and for other purposes

 

Hearing titled “A Dangerous Nexus: Terrorism, Crime, and Corruption”  Thursday, May 21, 2015 10:00 AM in 2128 Rayburn HOB  Task Force to Investigate Terrorism Financing 

 

Witness List

  • Dr. David Asher, Board Member, Center on Sanctions and Illicit Finance, Foundation for Defense of Democracies and Adjunct Senior Fellow, Center for a New American Security
  • Mr. Richard Barrett, Senior Vice President, The Soufan Group
  • Mr. Douglas Farah, President, IBI Consultants LLC; Senior Non-Resident Associate, Americas Program, Center for Strategic and International Studies and Senior Fellow, International Assessment and Strategy Center
  • Professor Celina B. Realuyo, Professor of Practice, William J. Perry Center for Hemispheric Defense Studies, National Defense University

House Foreign Affairs Committee:

Subcommittee Hearing: Trade Promotion Agencies and U.S. Foreign Policy

Witness List

·         Mr. Fred P. Hochberg, Chairman and President, Export-Import Bank of the United States

·         The Honorable Elizabeth L. Littlefield, President and Chief Executive Officer, Overseas Private Investment Corporation

·         The Honorable Leocadia I. Zak, Director, U.S. Trade and Development Agency

Panel II

Witness List

·         General James L. Jones, USA, Retired, Founder, Jones Group International

·         Ms. Susan Jaime, Founder, Ferra Coffee International

·         Mr. Daniel J. Ikenson, Director, Herbert A. Stiefel Center for Trade Policy, Cato Institute

US Senate:

 

Senate Banking Committee:

 

EXECUTIVE SESSION to mark-up original legislation entitled “The Financial Regulatory Improvement Act of 2015.”  At 10:00 a.m. on Thursday, May 21, 2015 in Room 538, Dirksen Senate Office Building, the COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in EXECUTIVE SESSION to mark-up original legislation entitled “The Financial Regulatory Improvement Act of 2015.

 

The proposed legislation would significantly amend certain aspects of Dodd-Frank, in particular the current regulatory framework for designating and regulating so-called systemically-important financial institutions (SIFIs).  In addition, the proposal would broaden the Dodd-Frank safe harbor for “qualified mortgages” and includes a number of other notable provisions relating to the regulation of insurance companies, the structure and operation of the Federal Reserve System, and housing finance, among other matters.  Chairman Shelby described the discussion draft as a “working document intended to initiate a conversation with all members of the Committee who are interested in reaching a bipartisan agreement to improve access to credit and to reduce the level of risk in [the] financial system.”  Ranking Minority Member Sherrod Brown (D-OH) issued a statement maintaining that, “[r]ather than focusing on issues that enjoy broad bipartisan support,” the discussion draft is a “sprawling industry wish list of Dodd-Frank rollbacks,” but he pledged to “work with Republicans . . . to provide small financial institutions the help they need without undermining important financial safeguards.”  Similarly, Treasury commented that the discussion draft “appears to roll back and undermine significant portions of Wall Street reform,” but stated that Treasury “stand[s] ready to work with the Committee on targeted efforts that would strengthen reforms, building on the tiered and tailored regulatory framework established by [Dodd-Frank].”

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