#Gottheimer

20 03, 2024

DAILY032024

2024-03-20T16:23:55-04:00March 20th, 2024|2- Daily Briefing|

Gottheimer Confirms Bipartisan Basel Worries

Rep. Josh Gottheimer (D-NJ) today told the ABA summit that there is bipartisan concern over the impact the Basel III endgame proposal could have on American competitiveness, calling the requirements “overly-burdensome.”

FHFA Advancing FHLB Troubled-Bank Funding Limits

Speaking today at the ABA summit, the Deputy Director of the FHFA’s Division of Banking Regulation  Joshua Stallings indicated that the agency is following up on the FHLB100 report by working with the FRB to set cut-off points between acceptable FHLB funding and the discount window.

Tester Slams Fed Interchange Proposal, Durbin-Marshall Bill

Sen. Tester (D-MT) today told the ABA Summit that the Fed’s debit interchange fee proposal (see FSM Report INTERCHANGE12) is a “mistake,” creating uncertainty and adversely affecting community banks and rural America.

Powell: Retail CBDC A Long Way from Anywhere

Reiterating comments made to Sens. Cramer (R-ND) and Lummis (R-WY) in his last appearance on Capitol Hill, Chair Powell today said the Fed is a long way from making any decision about offering a retail CBDC.

Daily032024.pdf

7 02, 2022

Al020722

2023-04-05T13:39:49-04:00February 7th, 2022|3- This Week|

SETTING THE STAGE FOR STABLECOINS

The House Financial Services Committee this week will kick off action soon to be echoed by Senate Banking advancing the stablecoin policies set by the President’s Working Group on Financial Markets (see Client Report CRYPTO21).  HFSC’s intentions will be announced when majority staff releases its staff memo ahead of the hearing and, as always, we’ll highlight key takeaways.  One of them will be the extent to which high-profile legislation floated last week by Rep. Josh Gottheimer (D-NJ) will be baseline text for legislative action.  As is often the case, Senate Banking Chairman Brown (D-OH) made it more than clear that he won’t miss Meta’s stablecoin without also saying more about what he’ll do to secure the regulatory outcome he espouses.

Al020722.pdf

4 02, 2022

Al020722

2023-04-05T13:51:35-04:00February 4th, 2022|3- This Week|

SETTING THE STAGE FOR STABLECOINS

The House Financial Services Committee this week will kick off action soon to be echoed by Senate Banking advancing the stablecoin policies set by the President’s Working Group on Financial Markets (see Client Report CRYPTO21).  HFSC’s intentions will be announced when majority staff releases its staff memo ahead of the hearing and, as always, we’ll highlight key takeaways.  One of them will be the extent to which high-profile legislation floated last week by Rep. Josh Gottheimer (D-NJ) will be baseline text for legislative action.  As is often the case, Senate Banking Chairman Brown (D-OH) made it more than clear that he won’t miss Meta’s stablecoin without also saying more about what he’ll do to secure the regulatory outcome he espouses.

Al020722.pdf

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