On February 11, the House Committee on Financial Services Subcommittee on Housing and Insurance convened a hearing to examine homeownership and the role of the secondary mortgage market, with a focus on the ongoing...more
The House of Lords (Financial Services Regulation Committee) has announced the launch of an inquiry into the growth and proposed regulation of stablecoins in the UK. The Committee will examine the development of global and UK...more
On January 15, the U.S. House Committee on Financial Services released quotes from its members on the role of the Fed’s balance sheet, focusing on how it has expanded over time and shifted in purpose. The committee discussed...more
On January 14, the U.S. House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence held a hearing examining the current financial technology landscape and how these products fit...more
On December 2, 2025 the House Financial Services Committee held an oversight hearing with leaders of the Federal Deposit Insurance Corporation (“FDIC”), Federal Reserve Board (“FRB”), the National Credit Union Administration...more
On November 25, the House Financial Services Committee majority staff published Operation Chokepoint 2.0: Biden’s Debanking of Digital Assets, a detailed account of how, in the Committee’s view, federal prudential regulators...more
Crypto Firms Announce New Licenses, Products; USDT Stability Rating Lowered - On Nov. 25, MoonPay, a crypto payments company, announced that its newly established trust company obtained a trust charter from the New York...more
On December 1, House Financial Services Committee Chairman French Hill (R-AR) and Oversight Subcommittee Chairman Dan Meuser (R-PA) released a final staff report detailing findings from a Republican-led investigation into...more
On November 19, the U.S. House Committee on Financial Services reported it held a hearing to examine the federal deposit insurance framework, specifically the costs and benefits of recently proposed reforms. Members and...more
Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session....more
On September 25, House Financial Services Committee Chairman French Hill (R-AR) previewed the Committee’s fall agenda in a podcast interview, highlighting priorities across four areas: community banking, digital assets,...more
On September 16, U.S. House Financial Services Committee Chairman French Hill (R-AR), along with Reps. Byron Donalds (R-FL) and Marlin Stutzman (R-IN), announced the reintroduction of the Price Stability Act (H.R. 5396). The...more
Hearings, rulings and speeches, oh my (to paraphrase and with apologies to The Wizard of Oz). During the back half of last week, there were “anti-ESG” hearings in the House of Representatives on shareholder proposals and...more
Congress is asking the financial industry – and anyone else with a stake in consumer data – to weigh in on the future of the Gramm-Leach-Bliley Act (GLBA). On July 31, the US House Financial Services Committee leaders issued...more
On July 31, two representatives from the House Committee on Financial Services requested public feedback on the current federal consumer financial data privacy law, the GLBA, and potential legislative proposals to address...more
On July 30, the U.S. House Financial Services Committee Chairman, Rep. French Hill (R-AR), announced the introduction of a new bill to promote AI in financial services: H.R. 4801 will be known as the ‘‘Unleashing AI...more
Today marks a historic milestone in U.S. digital asset policy. The President signed the GENIUS Act into law following its bipartisan passage by 308-122 in the House on July 17 and 68-30 in the Senate on June 17. The GENIUS...more
On June 16, the Congressional Research Service updated a report on the CFPB’s budget to include the funding proposals by the Senate Banking Committee and the House Committee on Financial Services in H.R. 1, the “One Big...more
The Senate passed the GENIUS Act with bipartisan support, marking a significant step forward in advancing stablecoin legislation. Legislative action on stablecoins will now move to the House of Representatives. The House...more
The digital asset policy landscape developed on multiple fronts this week. The House Financial Services and Agriculture Committees voted to advance the CLARITY Act, a bipartisan proposal to establish a regulatory framework...more
The House Financial Services Committee has approved a bill that would restrict the use of “trigger leads” in the mortgage industry. ...more
On Tuesday, June 10, the House Committees on Agriculture and Financial Services both favorably reported to the House H.R. 3633, the Digital Asset Market Clarity (CLARITY) Act (as amended). Both committees gave overwhelmingly...more
Former Congressman Peter Roskam, who leads BakerHostetler’s Federal Policy team, provides listeners with a front-row seat to the most important policy and political debates in Congress. In this episode of “The Cloakroom with...more
The huge FY26 budget reconciliation bill, H.R. 1, dubbed the “One Big Beautiful Bill Act,” contains provisions that would slash CFPB spending....more
The House Committees on Financial Services and Agriculture have unveiled a discussion draft for a new comprehensive U.S. crypto market structure bill, aiming to establish clear regulatory boundaries between the U.S....more