House Financial Services Committee Advances Regulatory Oversight, Financial Innovation ...

The House Financial Services Committee has introduced 13 bills that, if passed, would "nullify a series of gross regulatory oversteps on the part of Biden's regulators," committee chair Patrick McHenry says in a press release.

Among the bills: The Respect State Housing Laws Act, which would "correct a drafting error in the CARES Act, which some trial lawyers have falsely claimed created a permanent 30-day federal eviction notice requirement."

The Insurance Data Protection Act, which would "eliminate the ability of the Federal Insurance Office and the Office of Financial Research to subpoena data directly from insurance companies."

The Financial Services Innovation Act, which "will assess burdensome agency regulations that hinder innovation, as well as evaluate and approve alternative compliance agreements for entities to offer products and services."

The Wage Access Consumer Protection Act, which "creates a transparent regulatory framework for earned wage access products that ensures consumers are not assessed mandatory or hidden fees."

The Financial Services Innovation Act of 2024, which "will assess burdensome agency regulations that hinder innovation, as well as evaluate and approve alternative compliance agreements for entities to offer products and services."

The Climate Access Consumer Protection Act, which " nullifies the Securities and Exchange Commission's disastrous climate disclosure rule, which exceeds the agency's authority, threatens our economy

Read the Entire Article