House Committee on Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises – The Impact of Regulations on Short-Term Financing

Witnesses Mr. Anthony J. Carfang Managing Director, Treasury Strategies, a division of Novantas, Inc. Added 12/08/2016 at 09:33 AM Witness Statement [PDF] Added 12/08/2016 at 09:34 AM Mr. Thomas C. Deas Jr. Chairman, National Association of Corporate Treasurers Added 12/08/2016 at 09:33 AM Witness Statement [PDF] Added 12/08/2016 at 09:34 AM Mr. Mike Konczal Fellow, […]

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House Committee on Financial Services Subcommittee on Monetary Policy and Trade – Unconventional Monetary Policy

Witnesses Dr. John Taylor Professor of Economics, Stanford University Added 12/07/2016 at 09:50 AM Witness Statement [PDF] Added 12/07/2016 at 09:51 AM Dr. Charles Plosser Visiting Fellow at the Hoover Institution, Stanford University and Former President and CEO Federal Reserve Bank of Philadelphia (2006-2015) Added 12/07/2016 at 09:50 AM Witness Statement [PDF] Added 12/07/2016 at […]

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Final Deadline COB Friday (1/8) Kelly-Paulsen-Moulton-Kuster Bipartisan Letter to Protect the Free Flow of Data in Trade

An essential part of a successful trade agreement is the inclusion of strong, binding obligations to keep markets open to digital products and services and cross-border data flows. Preserving the free flow of data matters for businesses of all sizes and types, including the financial services sector, which provides banking, insurance, electronic payment systems, and other services.

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Cosponsor the SAFE Act: Remove Economic Barriers for Domestic Violence Victims

While overlooked in domestic violence discourse, financial abuse is often used by domestic abusers to deprive victims of the financial independence and resources needed to leave violent relationships. In cases of financial abuse, violent partners frequently control victims through limiting their access to finances, destroying their credit histories, and interfering with their ability to maintain steady employment. As a result, survivors struggle to escape and are likely to experience poverty and financial ruin, even if they are successful. According to the Center for Disease Control, 98% of battered women report having experienced some form of financial abuse.

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H.R. 4466, Financial Regulatory Clarity Act of 2014

As ordered reported by the House Committee on Financial Services on May 22, 2014 H.R. 4466 would require federal financial regulators to determine whether any new regulations or orders are duplicative or inconsistent with existing rules. The regulators would be required to report to the Congress within 60 days of making such a determination. Based […]

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Taxpayers Recover $245.5 Million from Second Ally Trading Plan

Total Return on Ally Investment approximately $1.1 billion WASHINGTON – The U.S. Department of the Treasury today announced the completion of its second pre-defined written trading plan for Ally Financial Inc. (“Ally”) common stock.  Treasury sold 11,249,044 shares and recovered approximately $245.5 million for taxpayers.  With the conclusion of the second trading plan, Treasury now […]

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Readout of the International Working Group Meetings on Sanctions Targeting ISIL, Al-Nusrash Front, and the Asad Regime

WASHINGTON – Today, the Departments of the Treasury and State co-hosted a meeting of the International Working Group on Sanctions Targeting ISIL, al-Nusrah Front (ANF), and the Asad regime.  This meeting gathered over 20 countries and organizations to discuss and identify opportunities to implement targeted measures to financially isolate these extremist groups and the Asad […]

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