Update 258 — Omnibus Situation: Last Stop Before Two-Week Recess As of this writing on Thursday afternoon, one more piece of Congressional business remains before members and staff can start a long and long-awaited recess. Once again, Congress confronts a deadline of midnight tomorrow to keep the federal government funded. But no one wants to …
Update 256 – S. 2155 Passes Senate, 67-31 Now, on to the House and Conference. Or Not. On Wednesday night, the Senate passed S.2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, 67-31. The bill is the most comprehensive rollback of the Dodd-Frank Act to clear a chamber of Congress. A summary of the bill’s …
Update 255 — Changes in Plans and in Perceptions Hurry Up, Wait for Increasingly Unpopular S. 2155? S. 2155 – the Economic Growth, Regulatory Relief, and Consumer Protection Act — the largest revamp, rollback, and update of the Dodd-Frank Act (AFR) to date — returns to the Senate floor after session resumes late tomorrow afternoon. The legislative ride for the …
Update 254 — Just A Community Bank Bill? Voters Weigh a Big Bank Bill and the Risks Debate started on the Senate floor today on S. 2155, the broadest set of changes to Dodd-Frank ever thus far. Resumption of floor debate and possibly some votes on amendments are expected tomorrow. Right from the start, debate …
Update 252 — Trump’s Financial Regulators: One Year in and Changing the Game Already From consumer protection to regulation of firms, the financial regulatory landscape has changed markedly in some areas and is stillborn in others. Trump regulators have made a variety of decisions that has escaped broader notice. We take a tour of the …
Trump’s Financial Regulators: One Year in and Changing the Game Already (Feb. 28) Read More »
Update 249 — Blockbuster Budget Deal of 2018 Leaps Tall Sequester in a Single Bound Early this morning, President Trump signed the Bipartisan Budget Act funding the government through March 23. Negotiators agreed on a deal to end sequestration and increase defense and domestic spending levels for FY 18 and FY 19. Sequestration caps have …
Update 244 — One 3-Week Step Forward: Dreamers Live to See Another Deadline, Feb. 8 Closing one of the shortest government shutdowns in memory, the Senate voted 81-18 vote to end debate on a stopgap FY 18 funding measure expiring February 8. Minority Leader Schumer extracted a concession from GOP Leader Mitch McConnell: a legislative …
Update 243: In Control of Gov’t but not Party, Divided GOP Majority Unable to Pass Budget Last night, the House passed a stopgap spending bill to fund the government through February 16 on a near-party line vote, 230-197. In exchange for extending CHIP funding until October 1, 2023, the measure delays the implementation of the …
Update 240: New Year, Old Budget, New Riders Plus Ça Change All Over Again in FY 18 Yesterday, Senate Democrats welcomed two new members to their ranks, Doug Jones of Alabama and Tina Smith of Minnesota. The swearings-in officially narrow the Republican Senate majority to one, 51-49. The thin majority was assuredly on the minds …
Update 239 — 2017 Spending Wraps Up; 2018 Opens with Shutdown Looming Yesterday, the House passed a stopgap measure that would fund the government through Jan. 19 The Senate approved the bill immediately afterward. Just weeks ago, Congress found itself in the familiar position of scrambling to avoid a government shutdown. It will be again in less …
