UPDATES FROM THE HILL ON TAP FOR WEDNESDAY: Congress will be in session in the midst of a busy legislative week. The House will take up a spending bill that takes aim at numerous financial regulations, including some drafted under the Dodd-Frank Wall Street reform law of 2010. The Senate will hold the first procedural vote on S. 2578, a bill from Sens. Patty Murray (D-Wash.) and Mark Udall (D-Colo.) that takes on the Supreme Courts recent ruling against ObamaCares birth control mandate. Speaking of Dodd-Frank, next Monday marks the four-year anniversary of President Obama signing the financial reform law following the collapse on Wall Street, and several groups are holding events to commemorate it on Wednesday. The U.S. Chamber of Commerce, the nations top business lobby, will host a discussion on Dodd-Frank, looking into the Consumer Financial Protection Bureau (CFPB), which was created by the law to oversee the financial markets. The Chamber will also look at efforts to police the derivatives market and assess the systemic risk that the nations top banks pose to the markets. j.mp/W7sSZF Meanwhile, the libertarian think tank Cato Institute will look forward to the future for financial markets on the first day of a conference about Dodd-Frank, where House Financial Services Committee Chairman Jeb Hensarling (R-Texas) will deliver the keynote address. j.mp/1pUqDTj Back on the hill, the Senate Banking subcommittee on Financial Institutions and Consumer Protections will hold a hearing on banks that are systemically important to the economy, which are at the center of financial regulations in the wake of Dodd-Frank. j.mp/1oWQEB8 The Senate Homeland Security and Government Affairs Committee will turn its attention to the border crisis with a hearing focusing on the growing number of young immigrants from Central America. j.mp/1nsXBG9 Simultaneously, the Latin America think tank Inter-American Dialogue will hold also hold a discussion on the rising number of unaccompanied children crossing the border. j.mp/1ymVRGI Sens. Richard Blumenthal (D-Conn.) and Bob Casey (D-Pa.) plan to turn up the pressure on GM over the automakers controversial recalls by introducing the Hide No Harm Act of 2014. The bill would make it illegal for a corporate employee to conceal information about a danger posed by one of their products.
Posted on: Tue, 15 Jul 2014 22:02:44 +0000
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