Congress

U.S. House of Representatives

Committee on Financial Services

Committee Announces December Committee Schedule

November 28, 2022

The House Committee on Financial Services, announced the following schedule for the month of December:

  • Thursday, December 1 at 10 a.m. ET: The full Committee will convene for a hybrid hearing entitled, "Boom and Bust: The Need for Bold Investments in Fair and Affordable Housing to Combat Inflation."
  • Tuesday, December 6 at 10 a.m. ET: The Subcommittee on Diversity and Inclusion will convene for a hybrid hearing entitled, "Unfinished Business: A Review of Progress Made and a Plan to Achieve Full Economic Inclusion for Every American."
  • Tuesday, December 6 at 2 p.m. ET: The Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets will convene for a hybrid hearing entitled, "E, S, G and W: Examining Private Sector Disclosure of Workforce Management, Investment, and Diversity Data."
  • Wednesday, December 7 at 10 a.m. ET: The Subcommittee on Oversight & Investigations will convene for a hybrid hearing entitled, "An Enduring Legacy: The Role of Financial Institutions in the Horrors of Slavery and the Need for Atonement, Part II."
  • Tuesday, December 13 at 10 a.m. ET: The full Committee will convene for a hybrid hearing entitled, "Investigating the Collapse of FTX, Part I."
  • Wednesday, December 14 at 10 a.m. ET: The full Committee will convene for a hybrid hearing entitled, "Consumers First: Semi-Annual Report of the Consumer Financial Protection Bureau."

Federal Agencies

Federal Reserve Board

Speech: What Can We Learn from the Pandemic and the War about Supply Shocks, Inflation, and Monetary Policy?

November 28, 2022

Federal Reserve Board Vice Chair Lael Brainard gave a speech entitled, "What Can We Learn from the Pandemic and the War about Supply Shocks, Inflation, and Monetary Policy?"

Federal Reserve Bank of New York

Speech: Peeling the Inflation Onion

November 28, 2022

Federal Reserve Bank of New York President and CEO John C. Williams gave a speech entitled, "Peeling the Inflation Onion."

Blog: Breaking Down the Market for Misinformation

November 28, 2022

The Federal Reserve Bank of New York published a Liberty Street Economics blog post entitled, "Breaking Down the Market for Misinformation."

U.S. Small Business Administration

International

Bank of England

Minutes of the SONIA Stakeholder Advisory Group

November 28, 2022

The Bank of England released the minutes of the SONIA Stakeholder Advisory Group Meeting held on October 26, 2022.

Joint Transformation Program Update – November 2022

November 28, 2022

The Bank of England and Financial Conduct Authority released an update on the progress of the joint transformation program to transform data collection from the UK financial sector.

Bank of England Prudential Regulation Authority

Policy Statement: Depositor Protection

November 28, 2022

The Bank of England Prudential Regulation Authority published a policy statement entitled, "Depositor Protection."

Administration Changes

Vacancies

Federal Deposit Insurance Corporation

  • Chair – Vacant (Martin Gruenberg serves as Acting Chair and was nominated to serve as Chair November 14, 2022).
  • Vice Chairman – Travis Hill (nominated September 20, 2022)
  • Member – Jonathan McKernan (nominated September 20, 2022)

Office of the Comptroller of the Currency

  • Comptroller – Vacant (Michael Hsu serves as Acting Comptroller)

Appointments/Confirmation Hearings

  • Vice Chair Lael Brainard (sworn in May 23, 2022)
  • Vice Chair for Supervision Michael Barr (sworn in July 19, 2022)
  • Governor Phillip N Jefferson (sworn in May 23, 2022)
  • Governor Lisa D. Cook (sworn in May 23, 2022)

Financial Crimes Enforcement Network

U.S. Department of Housing and Urban Development – Marcia Fudge (effective March 10, 2021)

Federal Housing Finance Agency – Sandra L. Thompson, (confirmed May 25, 2022)

U.S. Department of Education – Dr. Miguel Cardona (effective March 2, 2021)

PH Client Alerts

Click here to read more from our Coronavirus series.

Legislation/Legislative Updates

Click here to view the full text of the Coronavirus Aid, Relief and Economic Security Act (the "CARES Act"), Enacted March 27, 2020.

Click here to view the full text of the Paycheck Protection Program Increase Act of 2020, Enacted April 24, 2020.

Click here to view the full text of the Paycheck Protection Program Flexibility Act of 2020, Enacted June 5, 2020.

Click here to view the full text of the Consolidated Appropriations Act, 2021, Enacted December 27, 2020.

Click here to view the full text of the American Rescue Plan of 2021, Enacted March 11, 2021.

Click here to view the full text of the PPP Extension Act of 2021, Enacted March 30, 2021.

Click here to view a running list of proposed legislation from the Senate Committee on Banking, Housing, and Urban Affairs, Senate Committee on Small Business and Entrepreneurship, House Committee on Financial Services, and House Committee on Small Business.