All congress articles – Page 6
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Blog
Trump blacklists ‘blacklisting' rule for federal contractors
With an Executive Order this week, President Trump has made good on a promise to repeal the Obama Administration’s so-called “blacklisting rule” for federal contractors.
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Critics seek to slay FATCA through tax reform
A coalition of business leaders is looking to repeal the Foreign Account Tax Compliance Act as part of any tax reform initiative in Congress.
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Trump Administration deals another blow to transparency initiative
The Department of the Interior has halted its participation in the Extractive Industries Transparency Initiative, a global anti-corruption effort for the oil, gas, and mining industries.
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Trump initiates sweeping overhaul of government agencies
President Donald J. Trump has unveiled a “comprehensive plan for reorganizing the executive branch,” an overhaul of federal agencies intended to cut federal spending and reduce redundancies.
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Another Goldman Sachs alumni nominated for top Treasury post
With Secretary of the Treasury Steve Mnuchin now in place, the Trump Administration is looking to add another Goldman Sachs executive to a top post at the Treasury Department. James Donovan, a managing director at Goldman Sachs, has been nominated as deputy secretary.
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Bill seeks to enhance public participation in rulemaking
The House of Representatives has passed a bill that seeks greater transparency and objectivity to the process of regulatory rulemaking.
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Democrats seek arbitration release for Wells Fargo customers
Congressional Democrats are supporting legislation that would give victims of fraud by Wells Fargo release from forced arbitration clauses that otherwise prevent them from suing the bank.
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Senate Banking Committee schedules Clayton hearing
President Donald J. Trump’s pick to serve as SEC chairman, Jay Clayton, will testify before the Senate Banking Committee on March 23, a prelude to confirmation by the full Senate.
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President Trump poised to kill 'blacklisting rule'
President Trump is expected to finalize Congressional action that kills the Obama Administration’s so-called “blacklisting rule” for federal contractors, a requirement that they disclose labor law, civil rights, and wage violations.
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With Feds poised to scale back regulations, can states fill the void?
With Congress and a new president dead set on rolling back rulemaking, state regulators may gain renewed prominence. Joe Mont explores.
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Congress targets extractive payments, CFPB, and government conflicts
Democrats and Republicans alike are pushing legislation that could greatly affect regulators and regulations. Among the efforts is a Republican-led effort to kill the SEC’s extractive payments rule, writes Joe Mont.
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Hensarling to SEC Chair: Don’t let the door hit you ...
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) slammed outgoing SEC Chair Mary Jo White over politically created concerns she expressed in her final speech. Joe Mont has more.
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House Republicans claim CFPB’s auto lending rule is illegal
As they stockpile ammunition in their efforts to remove CFPB Director Richard Cordray, House Republicans are claiming that recent auto lending rules by the Bureau are illegal. Joe Mont has more.
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Congressional blitzkrieg seeks to downsize regulatory regime
Even before Inauguration Day, the House of Representatives was fast-tracking legislation intended to scale back regulatory rulemaking. Joe Mont reports.
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CEI offers roadmap for congressional deregulation efforts
Add more ammo to the pile for republicans embracing deregulation during the Trump Administration. The Competitive Enterprise Institute is out with a comprehensive list of rule-paring recommendations. Joe Mont has more.
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Trump's Treasury pick: 'stripping back Dodd-Frank' is a priority
During an interview with CNBC, Steven Mnuchin and Wilbur Ross, selected, respectively, as Treasury and Commerce secretaries, the two reiterated plans to roll back the Dodd-Frank Act.
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What President Trump means for regulation and regulators
A Trump administration promises to roll back the SEC, the CFPB, Dodd-Frank, and Obamacare. But that is all much easier said than done, reports Joe Mont.
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The EpiPen controversy’s bad omens for pharmas
At a recent hearing with the CEO of Mylan, the maker of EpiPen, legislators hinted at not only price controls, but an increased scrutiny of executive pay. Joe Mont has more.
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Senators will grill Wells Fargo CEO about illegal accounts
Wells Fargo executives will testify before Congress this week amid revelations that employees opened unauthorized deposit and credit card accounts in their pursuit of sales targets and bonuses. Joe Mont reports.
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BlogHouse votes to defund enforcement of SEC's pay ratio, conflict minerals rules
The House of Representatives has approved Rep. Bill Huizenga’s (R-Mich.) amendments to a financial services appropriations bill that would defund enforcement of the SEC’s controversial pay ratio and conflict minerals rules, both requirements of the Dodd-Frank Act. Joe Mont provides a closer look.