FINANCIAL SERVICES WEEK AHEAD DECEMBER 2 to DECEMBER 6

U.S. House of Representatives

House Committee Activity

 

Financial Services

 

Full Committee
Hearing: Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions
Wednesday, December 4, 10:00 AM
2128 RHOB
Witness Panel:
The Honorable Rodney Hood, Chairman, National Credit Union Administration
The Honorable Jelena McWilliams, Chairman, Federal Deposit Insurance Corporation
The Honorable Randal Quarles, Vice Chairman of Supervision, Board of Governors of the Federal Reserve System
Text of Legislation

  • H.R.___: Reregulating Megabanks Act [PDF]
  • H.R.___: Financial Institution Living Will Improvement Act [PDF]
  • H.R.___: Proprietary Trading Disclosure Act [PDF]
  • H.R.___: Close the ILC Loophole Act (Garcia-IL) [PDF]
  • H.R.___: Mergers and Acquisition Disclosure of Diversity and Inclusion Act (Cleaver) [PDF]
  • H.R.___: Federal Reserve Bank Board Diversity Act [PDF]
  • H.R.___: Promoting Diversity and Inclusion in Banking Act [PDF]

Support Documents

  • Hearing Notice [PDF]
  • Hearing Memo [PDF]

 

Full Committee
Hearing: Promoting Financial Stability? Reviewing the Administration’s Deregulatory Approach to Financial Stability

Thursday, December 5, 10:00 AM
2128 RHOB
Support Documents

  • Hearing Notice [PDF]

 

Subcommittee on Housing, Community Development and Insurance

Hearing: An Examination of the Federal Housing Administration and Its Impact on Homeownership in America

Thursday, December 5, 2:00 PM

2128 RHOB
Support Documents

  • Hearing Notice [PDF]

 

 

Task Force on Artificial Intelligence
Hearing: Robots on Wall Street: The Impact of AI on Capital Markets and Jobs in the Financial Services Industry

Friday, December 6, 9:30 AM
2128 RHOB
Support Documents

  • Hearing Notice [PDF]

 

Rules

 

Business Meeting: H.R. 2534 Insider Trading Prohibition Act; H. Res. 326 Expressing the sense of the House of Representatives regarding United States efforts to resolve the Israeli-Palestinian conflict through a negotiated two-state solution

Tuesday, December 3, 5:00 PM

H-313 Capitol
Text of Legislation

  • H.R. 2534 [PDF] [XML]
  • Rules Committee Print 116-39—Showing the text of H.R. 2534, as reported by the Committee on Financial Services. [PDF] [XML]
  • H. Rept. 116-219—Report from the Committee on Financial Services to accompany H.R. 2534 [PDF]
  • Comparative Print—Comparing the base document H.R. 2534, as reported, with the Rules Committee Print 116-39. [PDF]
  • H. Res. 326 [PDF] [XML]
  • H. Rept. 116-242—Report from the Committee on Foreign Affairs to accompany H. Res. 326 [PDF]

 

House Floor Activity

 

Legislation Considered Pursuant to a Rule:

 

H.R. 2534 Insider Trading Prohibition Act [PDFLegislation would expand laws related to insider trading. The bill would address a 2014 ruling by the U.S. Court of Appeals for the Second Circuit, U.S. v. Newman and expand provisions related to those who obtain nonpublic information by way of hacking or theft. Some modifications have been made to this bill since it advanced from House Financial Services Committee by voice vote. These changes include changing terminology related to the possession of material public information to awareness of material nonpublic information. Additionally, an allowance has been made for trades under SEC Rule 10b5-1 (trading plan scheduling).

 

H.Res. 326 Expressing the sense of the House of Representatives regarding United States efforts to resolve the Israeli-Palestinian conflict through a negotiated two-state solution [PDFThis resolution expresses the sense of the House related to a two state solution to the Israeli-Palestinian conflict.

 

Legislation Considered Under Suspension of the Rules:

 

Foreign Affairs and Judiciary legislation is expected on the floor.

 

Financial Services Practice Related Suspensions:

 

  1. 151 Pallone-Thune TRACED Act, as amended [PDFTelephone Robocall Abuse Criminal Enforcement and Deterrence Act, A bill to deter criminal robocall violations and improve enforcement of section 227(b) of the Communications Act of 1934, and for other purposes. Under this legislation new enhanced penalties would be made law to punish certain companies and individuals using automated dialing equipment for the purposes of artificial or prerecorded illegal unsolicited calls to certain phones. The legislation contains a variety of instructions for the FCC with relation to such robocalls.

 

List of Other Suspensions:

 

  1. 178 UIGHUR Act of 2019, as amended [PDF] H.Res. 546 Disapproving the Russian Federation’s inclusion in future Group of Seven summits until it respects the territorial integrity of its neighbors and adheres to the standards of democratic societies [PDF] H.Res. 585 Reaffirming support for the Good Friday Agreement and other agreements to ensure lasting peace in Northern Ireland [PDF] H.Res. 517 Supporting the Global Fund to fight AIDS, tuberculosis (TB), malaria, and its Sixth Replenishment [PDF] H.R. 3460 End Neglected Tropical Diseases Act [PDF] H.R. 4803 Citizenship for Children of Military Members and Civil Servants Act, as amended [PDF] H.R. 565 AMIGOS Act, as amended [PDF] H.R. 4018 To provide that the amount of time an elderly offender must serve before being eligible for placement in home detention is to be reduced by the amount of good time credits earned by the prisoner, and for other purposes, as amended [PDF]

U.S. Senate

 

Senate Committee Activity

 

Banking

Full Committee
An oversight hearing to examine financial regulators

Thursday, December 5, 10:00 AM
SD-538
Witness Panel:
The Honorable Randal K. Quarles, Vice Chairman For Supervision, Board of Governors of the Federal Reserve System

The Honorable Jelena McWilliams, Chairman, Federal Deposit Insurance Corporation

The Honorable Rodney E. Hood, Chairman, National Credit Union Administration

 

Commerce

 

Full Committee
Hearings to examine legislative proposals to protect consumer data privacy

Wednesday, December 4, 10:00 AM
SH-216
Witness Panel:
The Honorable Julie Brill, Former Commissioner of the Federal Trade Commission, Corporate Vice President and Deputy General Counsel, Microsoft

The Honorable Maureen Ohlhausen, Former Acting-Chair of the Federal Trade Commission, Co-Chair, 21st Century Privacy Coalition

Ms. Laura Moy, Executive Director and Associate Professor of Law, Georgetown Law Center on Privacy & Technology

Ms. Nuala O’Connor, Senior Vice President and Deputy General Counsel, Digital Citizenship at Walmart

Ms. Michelle Richardson, Director of Privacy and Data, Center for Democracy and Technology

 

Subcommittee on Communications, Technology, Innovation, and the Internet
Hearings to examine the evolution of next-generation technologies, focusing on implementing MOBILE NOW

Thursday, December 5, 10:00 AM
SH-216
Witness Panel:
The Honorable Paul TenHaken, Mayor, City of Sioux Falls, South Dakota

Mr. Jonathan Adelstein, President & CEO, Wireless Infrastructure Association

Mr. Scott Bergmann, Senior Vice President, Regulatory Affairs, CTIA—The Wireless Association

Ms. Mary Brown, Senior Director, Technology and Spectrum Policy, Cisco

Ms. Sarah Morris, Director, Open Technology Institute, New America

 

HSGAC

 

Full Committee
Hearings to examine the nomination of Paul J. Ray, of Tennessee, to be Administrator of the Office of Information and Regulatory Affairs, Office of Management and Budget
Wednesday, December 4, 2:30 PM
SD-342
Witness Panel:
Paul J. Ray to be Administrator, Office of Information and Regulatory Affairs, Office of Management and Budget

 

Judiciary

 

Subcommittee on Intellectual Property
Hearings to examine fraudulent trademarks, focusing on how they undermine the trademark system and harm American consumers and businesses
Tuesday, December 3, 3:00 PM
SD-226
More information available here.

 

Senate Floor Activity

 

The Senate stands adjourned until 3:00pm on Monday, December 2, 2019.

 

On Monday, following Leader remarks, the Senate will resume consideration of Executive Calendar #503, Dan R. Brouillette, of Texas, to be Secretary of Energy, post-cloture.

 

At 5:30pm, all post-cloture time will expire and the Senate will vote on confirmation of the Brouillette nomination. Following its disposition, the Senate will vote on the motion to invoke cloture on Executive Calendar #347, Eric Ross Komitee, of New York, to be United States District Judge for the Eastern District of New York.

 

As a reminder, cloture has been filed on the following nominations:

  1. Executive Calendar #347, Eric Ross Komitee, of New York, to be United States District Judge for the Eastern District of New York
  2. Executive Calendar #353, John L. Sinatra, Jr., of New York, to be United States District Judge for the Western District of New York
  3. Executive Calendar #478, Sarah E. Pitlyk, of Missouri, to be United States District Judge for the Eastern District of Missouri
  4. Executive Calendar #381, Douglas Russell Cole, of Ohio, to be United States District Judge for the Southern District of Ohio
  5. Executive Calendar #459, R. Austin Huffaker, Jr., of Alabama, to be United States District Judge for the Middle District of Alabama
  6. Executive Calendar #460, David B. Barlow, of Utah, to be United States District Judge for the District of Utah
  7. Executive Calendar #479, Richard Ernest Myers II, of North Carolina, to be United States District Judge for the Eastern District of North Carolina
  8. Executive Calendar #489, Sherri A. Lydon, of South Carolina, to be United States District Judge for the District of South Carolina
  9. Executive Calendar #386, Robert M. Duncan, of Kentucky, to be a Governor of the United States Postal Service

Monday, December 2nd at 5:30pm – 2 roll call votes:

  1. Confirmation of Executive Calendar #503, Dan R. Brouillette, of Texas, to be Secretary of Energy
  2. Motion to invoke cloture on Executive Calendar #347, Eric Ross Komitee, of New York, to be United States District Judge for the Eastern District of New York
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