Tag Archives: Senate

Republicans scored a major win with the tax reform bill last week, and now another major piece of legislation has been advanced to the full Senate for debate.

After hours of discussion on the Senate floor, early Saturday morning the United States Senate secured the 50 votes needed to pass its tax bill. The vote was a close 51-49.

The Senate Budget Committee approved the Republican tax bill Tuesday afternoon, clearing another hurdle for the legislation and putting it on track for a full Senate vote.

Jerome Powell's nomination as Fed Chair will be the subject of a full open session committee hearing this week for the U.S. Senate Banking Committee. During a closed-door meeting the committee will also consider Brian Montgomery's nomination as Assistant Secretary of HUD and Commissioner of the FHA. Here's what else is happening in The Week Ahead.

Senate Republicans on Thursday released their version of a overhaul plan while House Republicans on the Committee on Ways and Means advanced their reform bill that was initially announced last week to the House floor. The House and Senate must come in line with their tax visions to create one uniform plan to pass through Congress.

On Tuesday evening, the debate around the Consumer Financial Protection Bureau’s final arbitration rule came to a head when the Senate voted to repeal it. See the reactions here to the razor-thin vote here . . .

The House of Representatives will soon return from summer recess and vote on the first phase of emergency relief money for areas affected by Hurricane Harvey. Take a look at how they plan on keeping FEMA operating while still funding federal disaster relief.

Joseph Otting and the Honorable Randal Quarles sat before the U.S. Senate Committee on Banking, Housing, and Urban Development to discuss their nominations. If approved, the two men will fill the much-needed positions of the Comptroller of the Currency and Vice Chairman for the Supervision of the Board of Governors, respectfully.

Janet Yellen sat in the hot seat in front of the Senate Thursday, completing the second half of her semi-annual testimony. What recommendations did she give the committee, and did they fall in line with recent calls by politicians in the CHOICE act?

Two Senators could be drafting legislation to split up Fannie Mae and Freddie Mac, according to Bloomberg. The move would be made in an effort to increase competitiveness in the secondary mortgage market. What's their plan, and how might it affect the secondary mortgage market?