All Financial Services Committee articles
The United States seems poised to finally tackle issues surrounding shell companies and their often-opaque beneficial ownership structures.
Rep. Patrick McHenry (R-N.C.), the Republican leader of the House Financial Services Committee, has announced a series of hearings he wants before the Committee. He is also escalating document demands from scandal-plagued Deutsche Bank.
The SEC may be hands-off with respect to CECL, but the House Financial Services Committee is exploring the expected effect of the accounting change on the economy.