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[email protected] // @ryan_raineyRyan covers financial regulation for Morning Consult.
The looming renegotiation of the North American Free Trade Agreement presents an opportunity for the United States to include language discouraging countries from artificially devaluing their currencies to advantage exports at the expense of other countries’ economies, the top U.S. trade official told senators Wednesday.
House Speaker Paul Ryan (R-Wis.) on Tuesday barely alluded to the proposed border adjustment tax on import income he has long advocated in what his office billed as a “major” address on tax reform.
The Federal Reserve should use the authority it has over banks to fire 12 directors from Wells Fargo & Co. who were on the bank’s board while its sales practices led to the creation of millions of fraudulent consumer accounts, Sen. Elizabeth Warren said Monday.
Partisan divisions over how to tackle federal flood insurance were apparent at the House Financial Services Committee’s Thursday markup of several measures that congressional leaders are hoping to enact before the National Flood Insurance Program’s authorization expires on Sept. 30.
Federal Reserve Chair Janet Yellen on Wednesday said she’s “sympathetic” to the Treasury Department’s goal of easing regulations on financial institutions, but stressed that there are areas where the Fed’s priorities likely diverge from the Trump administration’s.
The House Financial Services Committee postponed a Wednesday vote on a package of flood insurance bills due to the shooting earlier in the day that injured Majority Whip Steve Scalise (R-La.) and several Capitol Hill employees.
Conservative groups and the retail industry aren’t supporting the most recent proposal to make a proposed border adjustable tax on import income more workable by phasing it in over a five-year period.
The House on Thursday passed a major overhaul of the financial regulatory regime that largely rewrites the 2010 Dodd-Frank Act by a mostly party-line vote of 233 to 186.
House Financial Services Committee Chairman Jeb Hensarling said Thursday that he’s hoping to hold a markup on a bill to reauthorize the National Flood Insurance Program as soon as next week.
After almost a year of deliberation, the Republican bill that would replace the 2010 Dodd-Frank Act is set for a vote in the House this week.
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