American lawmakers have approved a bill that could ban TikTok in the U.S. The U.S. House of Representatives voted 352-65 Wednesday (March 13) in favor of the legislation, aimed at compelling ByteDance, the Chinese owner of the popular social media platform, to divest its U.S. assets within six months. Failure...
The question must be asked as Rep. Patrick McHenry, R-N.C., takes his leave of Congress: What happens to financial services regulation, and by extension, payments innovation? As had been widely reported Tuesday (Dec. 6), McHenry said that he won’t seek re-election when his current term...
The chairman of the House Financial Services Committee aims to reverse a Biden Administration mortgage plan. Rep. Patrick McHenry (R-North Carolina) said Friday (June 23) on the House floor that the Administration’s changes to the Federal House Finance Agency’s (FHFA’s) Loan Level Pricing Adjustment Structure...
J.P. Morgan Chase CEO Jamie Dimon said he loves his job but has considered running for public office. Asked in an interview if he had ever considered doing so, Dimon told Bloomberg Television Wednesday (May 31): “I love my country, and maybe one day I’ll serve my country in one...
Senate Republicans want to revoke the White House’s plan to forgive some student loans. A trio of senators on Monday (March 27) introduced a Congressional Review Act (CRA) resolution that would overturn President Joe Biden’s student loan cancellation plan and end the administration’s pause on...
House Speaker Kevin McCarthy says the time has come to put restrictions on TikTok. “The House will be moving forward with legislation to protect Americans from the technological tentacles of the Chinese Communist Party,” the California Republican wrote on Twitter Sunday (March 26). McCarthy’s comments...
Two candidates are reportedly leading in consideration for vice chair of the Federal Reserve. Bloomberg reported Thursday (Feb. 23) that Harvard University professor Karen Dynan and Northwestern University professor Janice Eberly are in the “top tier” of possible candidates being considered for nomination for the...
Cannabis — an industry around which many digital tools have arisen — may benefit from new legislation. Seeking Alpha reported Monday (Jan. 30) that Sen. Cory Booker, D-N.J., believes broad marijuana legislation has good prospects in Congress, telling NJ.com that with the new Republican majority,...
House Republicans are set to take a closer look at FinTechs and digital assets. Rep. Patrick McHenry, the new chair of the House Financial Services Committee, has created a new subcommittee devoted to digital assets, financial technology and inclusion, according to an announcement on the...
