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Tag Archives: Senate

The Week Ahead: U.S. Banking Committee to Focus on Powell & Montgomery

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.

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The Long Road to Consensus on Tax Reform & the Mortgage Interest Deduction

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.

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Bringing Harvey Aid to Texas

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.

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Another Piece of the Puzzle

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.

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Fed Chair Calls for Looser Regulations

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?

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Are Big Changes on the Horizon for the Enterprises?

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?

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