FINANCIAL SERVICES WEEK AHEAD NOVEMBER 1 TO NOVEMBER 5

U.S. House of Representatives

 

House Committee Activity

 

Education and Labor

 

Education Labor Subcommittee on Health, Employment, Labor, and Pensions, Hearing: Closing the Courthouse Doors: The Injustice of Forced Arbitration Agreements, Thursday, November 4, 10:15 AM via Zoom

 

More information and webcast available here.

 

Financial Services

 

Financial Services Subcommittee on Consumer Protection and Financial Institutions, Hearing: Buy Now, Pay More Later? Investigating Risks and Benefits of BNPL and Other Emerging Fintech Cash Flow Products, Tuesday, November 2, 10:00 AM 2128 RHOB & WebEx

 

Text of Legislation

  • H.R. 4277, the Overdraft Protection Act of 2021 [PDF]

Support Documents

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

Witness Panel

  • Dr. Kristen Broady, Fellow in the Brookings Metropolitan Policy Program, Brookings Institution
  • Penny Lee, CEO, Financial Technology Association
  • Lauren Saunders, Associate Director, National Consumer Law Center
  • Marisabel Torres, Director of California Policy, Center for Responsible Lending
  • Brian Tate, CEO and President, Innovative Payments Association

More information and webcast available here.

 

Financial Services Subcommittee on Consumer Protection and Financial Institutions, Hearing: Cyber Threats, Consumer Data, and the Financial System, Wednesday, November 3, 10:00 AM 2128 RHOB & WebEx

 

Text of Legislation

  • H.R. 3910, the Safeguarding Non-bank Consumer Information Act [PDF]
  • H.R.____, the Strengthening Cybersecurity for the Financial Sector [PDF]
  • H.R. ____, the Enhancing Cybersecurity of Nationwide Consumer Reporting Agencies Act [PDF]

Support Documents

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

Witness Panel

  • Samir Jain, Director of Policy, Center for Democracy & Technology
  • Jeff Newgard, President and Chief Executive Officer, Bank of Idaho, on behalf of the Independent, Community Bankers of America
  • Carlos Vazquez, Chief Information Security Officer, Canvas Credit Union

More information and webcast available here.

 

Financial Services Subcommittee on National Security, International Development and Monetary Policy, Hearing: From Timber to Tungsten: How the Exploitation of Natural Resources Funds Rogue Organizations and Regimes, Thursday, November 4, 10:00 AM 2128 RHOB & WebEx

 

More information and webcast available here.

 

Judiciary

 

Judiciary, Markup: H.R. 4777 the Nondebtor Release Prohibition Act of 2021; H.R. 963 the Forced Arbitration Injustice Repeal Act or the FAIR Act; H.R. 5677 to make technical amendments to titles 2 50 and 52 United States Code; H.R. 5679 to make technical amendments to titles 7 20 and 43 United States Code; H.R. 5695 to make technical amendments to title 25 United States Code; and H.R. 5705 to make technical amendments to title 34 United States Code, Wednesday, November 3, 10:00 AM 2141 Rayburn HOB

 

Text of Legislation

  • H.R. 4777, the Nondebtor Release Prohibition Act of 2021 [PDF]Added 10/29/2021 at 04:26 PM
  • H.R. 963, the Forced Arbitration Injustice Repeal Act or the FAIR Act [PDF]Added 10/29/2021 at 04:26 PM
  • H.R. 5677, to make technical amendments to titles 2, 50, and 52, United States Code [PDF]Added 10/29/2021 at 04:26 PM
  • H.R. 5679, to make technical amendments to titles 7, 20, and 43, United States Code [PDF]Added 10/29/2021 at 04:26 PM
  • H.R. 5695, to make technical amendments to title 25, United States Code [PDF]Added 10/29/2021 at 04:26 PM
  • H.R. 5705, to make technical amendments to title 34, United States Code [PDF]Added 10/29/2021 at 04:26 PM

Amendments

  • H.R. 4777, Amendment in the Nature of a Substitute – Nadler [PDF]Added 10/29/2021 at 04:26 PM
  • H.R. 963, Amendment in the Nature of a Substitute – Nadler [PDF]Added 10/29/2021 at 04:26 PM

More information and webcast available here.

 

House Floor Activity

 

Floor Overview

 

The House will meet with the first votes of the week expected on Monday, November 1, at 6:30 PM. Last votes are scheduled for Friday, November 5.

 

Legislation Considered Pursuant to a Rule

 

H.R. 3992 – Protect Older Job Applicants Act of 2021 (Rep. Garcia (TX) – Education and Labor) This measure would prohibit employers from discriminatory practices based on their age with respect to the job application process.

 

According to a notice from House Majority Leader Hoyer, various measures may also be considered this week in the House:

 

  • Possible Consideration of the Senate Amendment to H.R. 3684 – Infrastructure Investment and Jobs Act (Rep. DeFazio – Transportation and Infrastructure)
  • Possible Consideration of the Build Back Better Act
  • Possible Consideration of the Intelligence Authorization Act for FY 2022
  • Additional Legislative Items Are Possible

 

Legislation Considered Under Suspension of the Rules

 

  1. H.R. 1619 – Catawba Indian Nation Lands Act (Rep. Clyburn – Natural Resources)
  2. H.R. 2758 – Lumbee Recognition Act (Rep. Butterfield – Natural Resources)
  3. H.R. 1975 – Pala Band of Mission Indians Land Transfer Act of 2021 (Rep. Issa – Natural Resources)
  4. H.R. 5221 – Urban Indian Health Confer Act (Rep. Grijalva – Natural Resources)
  5. H.R. 3616 – Bear River National Heritage Area Study Act (Rep. Moore (UT) – Natural Resources)
  6. S. 108 – To authorize the Seminole Tribe of Florida to lease or transfer certain land, and for other purposes (Sen. Rubio – Natural Resources)
  7. H.R. 4881 – Old Pascua Community Land Acquisition Act (Rep. Grijalva – Natural Resources)
  8. H.R. 2088 – Eastern Band of Cherokee Historic Lands Reacquisition Act, as amended (Rep. Fleischmann – Natural Resources)
  9. H.R. 3469 – Veteran Entrepreneurship Training Act of 2021, as amended (Rep. Schneider – Small Business)
  10. H.R. 4256 – Investing in Main Street Act of 2021 (Rep. Chu – Small Business)
  11. H.R. 3462 – SBA Cyber Awareness Act (Rep. Crow – Small Business)
  12. H.R. 4481 – Small Business 7(a) Loan Agent Transparency Act (Rep. Phillips – Small Business)
  13. H.R. 4531 – 7(a) Loan Agent Oversight Act (Rep. Meuser – Small Business)
  14. H.R. 4513 – Small Business Advanced Cybersecurity Enhancements Act of 2021 (Rep. Donalds – Small Business)
  15. H.R. 4515 – Small Business Development Center Cyber Training Act of 2021 (Rep. Garbarino – Small Business)
  16. H.Con.Res. 44 – Fiscal State of the Nation Resolution, as amended (Rep. Rice (NY) – Rules)
  17. H.R. 1917 – Hazard Eligibility and Local Projects Act (Rep. Fletcher – Transportation and Infrastructure)
  18. H.R. 1339 – Advanced Air Mobility Coordination and Leadership Act, as amended (Rep. Davids – Transportation and Infrastructure)
  19. H.R. 3193 – E-BRIDGE Act, as amended (Rep. Graves (MO) – Transportation and Infrastructure)
  20. H.R. 3709 – Preliminary Damage Assessment Improvement Act of 2021 (Rep. Katko – Transportation and Infrastructure)
  21. H.R. 2220 – To amend title 40, United States Code, to modify the treatment of certain bargain-price options to purchase at less than fair market value, and for other purposes (Rep. Guest – Transportation and Infrastructure)
  22. H.R. 390 – To redesignate the Federal Building located at 167 North Main Street in Memphis, Tennessee as the “Odell Horton Federal Building” (Rep. Cohen – Transportation and Infrastructure)
  23. H.R. 4679 – To designate the Federal building located at 1200 New Jersey Avenue Southeast in Washington, DC, as the “Norman Yoshio Mineta Federal Building” (Rep. DeFazio – Transportation and Infrastructure)
  24. H.R. 4660 – To designate the Federal building and United States Courthouse located at 1125 Chapline Street in Wheeling, West Virginia, as the “Frederick P. Stamp, Jr. Federal Building and United States Courthouse” (Rep. McKinley – Transportation and Infrastructure)

 

U.S. Senate

 

Senate Committee Activity

 

Banking

 

Banking, Housing, and Urban Affairs, Hearings to examine the Libor transition, focusing on protecting consumers and investors, Tuesday, November 2, 10:00 AM – SD-538

 

Witness Panel

  • Mr. Thomas Wipf, Chair Of The Alternative Reference Rate Committee (ARRC) And Managing Director, Morgan Stanley
  • Mr. Andrew Pizor, Staff Attorney, National Consumer Law Center
  • The Honorable , J. Christopher Giancarlo, Senior Counsel, And Former Chairman
  • Willkie Farr & Gallagher LLP, U.S. Commodity Futures Trading Commission, Mr. Michael R. Bright, Chief Executive Officer, Structured Finance Association

More information and webcast available here.

 

Small Business

 

Small Business and Entrepreneurship, Business meeting to consider S.1617, to modify the requirements for the Administrator of the Small Business Administration relating to declaring a disaster in a rural area, S.1621, to reauthorize and limit the pre-disaster mitigation program of the Small Business Administration, the nomination of Dilawar Syed, of California, to be Deputy Administrator of the Small Business Administration, and other pending calendar business, Thursday, November 4, 9:30 AM – SR-428A

 

More information and webcast available here.

 

Senate Floor Activity

 

The Senate stands adjourned until 3:00 PM on Monday, November 1, 2021.

 

At 5:30 PM, the Senate will proceed to two roll call votes on the following:

 

  1. Confirmation of Executive Calendar #471, Beth Robinson, of Vermont, to be United States Circuit Judge for the Second Circuit.
  2. Confirmation of Executive Calendar #363, Toby J. Heytens, of Virginia, to be United States Circuit Judge for the Fourth Circuit.
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