All congress articles – Page 4
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AGs argue for easing bank restrictions on marijuana businesses
A bipartisan coalition of state attorneys is petitioning Congress to ease federal restrictions on banks that serve legal marijuana businesses, “bringing grey market activities into the regulated banking sector.”
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Bill targets credit reporting agencies for consumer data leaks
The newly introduced Data Breach Prevention and Compensation Act is intended to hold large credit reporting agencies more accountable for data breaches. The bill would give the Federal Trade Commission greater supervisory authority over data security at CRAs.
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Dems turn to Congressional Review Act to save net neutrality
Congressional Democrats are teaming up in an effort to restore “net neutrality,” Obama era telecom policies that were vacated by the FCC in December, by using the Congressional Review Act.
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Congress could impose new rules for proxy advisory firms
The House of Representatives has passed along a bill to the Senate that, if passed, could be a sea change for proxy advisory firms, notably industry leaders like ISS and Glass Lewis.
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Offshore tax maneuvers add pressure to tax reform
A new leak of millions of documents revealing the tax avoidance strategies of power players worldwide is putting pressure on the U.S. tax reform movement.
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Franchise owners pressure Congress on joint employer standard
Franchise business owners from 19 states have joined forces to demand clarity on joint employee status, fearing that federal, state, and judicial interpretations may differ. In letters to Congress, they also demand the passage of legislation to provide related assurances.
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Congressional hearing puts SEC nominees in the spotlight
This week, the Senate Banking Committee held its first nomination hearing for Hester Peirce and Robert Jackson, President Trump’s nominees for to serve as SEC commissioners.
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Bill targets ‘burdensome’ Dodd-Frank regulations, SIFI designations
Bipartisan legislation is looking to bring regulatory relief to regional banks and bring about new ways for calculating whether an institution should be designated as systemically important.
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Senate confronts legal, logistical roadblocks to self-driving cars
Legislation that would clarify lingering legal conundrums about autonomous vehicles is working its way through the Senate with the American Vision for Safer Transportation through Advancement of Revolutionary Technologies Act.
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Hearings, investigations lie ahead for post-breach Equifax
The massive data breach that hit consumer credit rating firm Equifax is the catalyst for a run of Congressional hearings, new data protection legislation, and investigations by the Department of Justice and FTC.
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Democrats fret conflicts of interest within deregulation task forces
Democrats are demanding transparency into the Trump administration's deregulatory task forces, citing conflicts of interest involving appointees who benefit from task force recommendations.
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House Republicans double down on CFPB contempt charges
House Financial Services Committee Republicans are moving contempt proceedings against CFPB Director Richard Cordray along with the release of a report outlining their case.
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Bipartisan bill targets human trafficking, critics fear for online free speech
The Senate is debating bipartisan legislation intended to protect women and young girls from modern-day slavery. The plan has some concerned about online freedom of speech.
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House votes to nix CFPB’s arbitration ban
With a party-line vote, Republicans in the House of Representatives have rallied with a vote to repeal the CFPB's recent ban on mandatory arbitration agreements. The repeal effort now moves onto the Senate for a vote.
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State bankers unite against arbitration rule
State banking associations have joined the fight against the CFPB’s new rule that curtails the use of mandated arbitration. They are turning to Senators to kill the rule with the Congressional Review Act.
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Report: STOCK Act ‘curtailed stock trading’ by Senators
“The STOCK Act has dramatically curtailed overall stock trading activity by U.S. senators,” says Public Citizen. Its new report cautions, however, that “many still trade in corporations they oversee in their official capacity.”
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Rao confirmed as Trump Administration’s ‘regulatory czar’
The Senate has confirmed Neomi Rao, a professor at the Antonin Scalia Law School at George Mason University, to a top position at the Office of Information and Regulatory Affairs.
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GOP turns to Congressional Review Act for killing arbitration rule
Within hours of the CFPB issuing a new rule banning the mandatory use of arbitration agreements, Republicans threatened to rescind it using the Congressional Review Act.
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Trump’s regulatory report card thus far: ‘Incomplete’
There is a lot of talk about regulatory retreats under the Trump Administration. Thus far, however, it has taken a more cautious approach than has been expected.
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Bipartisan legislation seeks to put an end to secret companies
Bipartisan bills introduced this week call for a crackdown on anonymously owned companies created in the United States and stricter disclosure requirements regarding beneficial ownership.