FINANCIAL SERVICES WEEK AHEAD MAY 24 TO MAY 28

U.S. House of Representatives

 

House Floor Activity

 

The House is holding a Committee Work Week with no votes expected on the floor. The House is expected to next return for votes on June 14.

 

House Committee Activity

 

Appropriations

 

Subcommittee on Financial Services and General Government
Hearing: Securities and Exchange Commission Oversight Hearing

Wednesday, May 26, 2:00 PM
Witness Panel
The Honorable Gary Gensler, Chair, Securities and Exchange Commission
More information and webcast available here.

 

Subcommittee on Financial Services and General Government
Hearing: Department of the Treasury Oversight Hearing

Thursday, May 27, 11:00 AM
Witness Panel
The Honorable Janet Yellen, Secretary, Department of the Treasury
More information and webcast available here.

 

Subcommittee on Financial Services and General Government
Hearing: Small Business Administration Oversight Hearing

Friday, May 28, 10:00 AM
Witness Panel
The Honorable Isabella Casillas Guzman, Administrator, Small Business Administration
More information and webcast available here.

 

Financial Services

 

Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets
Hearing: Virtual Hearing – Going Public: SPACs, Direct Listings, Public Offerings, and the Need for Investor Protections

Monday, May 24, 12:00 PM Cisco WebEx

Click here for the Committee Memorandum.
Legislation

H.R. ____, to amend the Securities Act of 1933 and the Securities Exchange Act of 1934 to exclude certain special purpose acquisition companies from safe harbor for forward-looking statements, and for other purposes.

Witness Panel

Stephen Deane, Senior Diretor of Legislative and Regulatory Outreach, CFA Institute

Andrew Park, Senior Policy Analyst, Americans for Financial Reform

Usha Rodrigues, Professor & M.E. Kilpatrick Chair of Corporate Finance and Securities Law, University of Georgia School of Law

Scott Kupor, Investing Partner, Andreessen Horowitz
More information and webcast available here.

 

Financial Services Subcommittee on Oversight & Investigations
Hearing: Virtual Hearing – Consumer Credit Reporting: Assessing Accuracy and Compliance

Wednesday, May 26, 12:00 PM Cisco WebEx
Support Documents

Hearing Notice [PDF]

Hearing Memo [PDF] Witness Panel
Beverly Anderson, President, Global Consumer Solutions, Equifax

Sandy Anderson, Senior Vice President, Strategy and Operations, Experian Credit Services

John Danaher, Executive Vice President, Consumer Interactive at TransUnion

Rebecca Kuehn, Partner, Hudson Cook

Chi Chi Wu, Staff Attorney, National Consumer Law Center (NCLC)

More information and webcast available here.

 

Hearing: Virtual Hearing – Holding Megabanks Accountable: An Update on Banking Practices, Programs and Policies
Thursday, May 27, 12:00 PM Cisco WebEx

More information and webcast available here.

 

U.S. Senate

Senate Floor Activity

 

The Senate stands adjourned until 3:00 PM on Monday, May 24, 2021.

 

Following Leader remarks, the Senate will resume consideration of Calendar #58, S.1260, United States Innovation and Competition Act of 2021.

 

At 5:30 PM, the Senate will proceed to Executive Session to resume consideration of Executive Calendar #117, Chiquita Brooks-LaSure, of Virginia, to be Administrator of the Centers for Medicare and Medicaid Services, and vote on the motion to invoke cloture on the Brooks-LaSure nomination.

 

Monday, May 24th at 5:30 PM – 1 roll call vote:

 

  1. Motion to invoke cloture on Executive Calendar #117, Chiquita Brooks-LaSure, of Virginia, to be Administrator of the Centers for Medicare and Medicaid Services

Cloture has been filed on the following nominations:

 

  1. Executive Calendar #117, Chiquita Brooks-LaSure, of Virginia, to be Administrator of the Centers for Medicare and Medicaid Services
  2. Executive Calendar #124, Kristen M. Clarke, of the District of Columbia, to be an Assistant Attorney General

Amendments pending to S.1260

 

Schumer substitute amendment #1502

 

Cantwell amendment #1527 (re: supply chain resiliency program).

 

Senate Committee Activity

 

Banking

 

Hearings to examine the semiannual testimony on the Federal Reserve’s supervision and regulation of the financial system
Tuesday, May 25, 10:00 AM – WEBEX
Witness Panel
The Honorable Randal K. Quarles, Vice Chairman For Supervision, Board of Governors of the Federal Reserve System
More information and webcast available here.

 

Banking, Housing, and Urban Affairs, Hearings to examine annual oversight of Wall Street firms
Wednesday, May 26, 10:00 AM – WEBEX

Witness Panel
Mr. Charles W. Scharf, CEO And President, Wells Fargo & Co

Mr. David M. Solomon, Chairman And CEO, Goldman Sachs

Ms. Jane Fraser, CEO, Citigroup

Mr. Jamie Dimon, Chairman And CEO, JPMorgan Chase & Co.

Mr. Brian Thomas Moynihan, Chairman And CEO, Bank of America

Mr. James P. Gorman, Chairman And CEO, Morgan Stanley
More information and webcast available here.

 

Finance

 

Hearings to examine various nominations, Department of the Treasury
Tuesday, May 25, 9:30 AM – SD-215

Witness Panel
Lily Lawrence Batchelder, Of Massachusetts, To Be An Assistant Secretary Of The Treasury, United States Department of the Treasury, Washington, DC

Benjamin Harris, Of Virginia, To Be An Assistant Secretary Of The Treasury, United States Department of the Treasury, Washington, DC

  1. Nellie Liang, Of Maryland, To Be An Under Secretary Of The Treasury, United States Department of the Treasury, Washington, DC

Jonathan Davidson, Of Maryland, To Be Deputy Under Secretary Of The Treasury, United States Department of the Treasury, Washington , DC
More information and webcast available here.

 

Small Business

 

Small Business and Entrepreneurship, Hearings to examine the pandemic response and the small business economy, focusing on an update from the Small Business Administration
Wednesday, May 26, 2:30 PM – SD-215
Witness Panel
The Honorable Isabella Casillas Guzman, Administrator, U.S. Small Business Administration

More information and webcast available here.

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