Congress news and trends

Clarity Stall Leaves Banks and Exchanges Looking to SEC

September 16, 2026
clarity act
House Committee Advances First-Ever Crypto Tax Bill
Cryptocurrency // September 16, 2026

The House Ways and Means Committee voted to advance the Digital Asset Tax Certainty Act (H.R. 10357) Wednesday (Sept. 16), Rep. Rudy Yakym (R-Ind.) said in a post on X. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Congress Considers Overhaul of Federal Financial Privacy Law, but There’s a Catch
Legal & Regulation // August 18, 2026

Congress is considering a major rewrite of federal financial privacy law that could offer banks and other financial companies a consequential bargain: substantially stronger consumer rights over financial data in exchange for a single national privacy regime. Get the Full Story Complete the form to...

Lawmaker Seeks Budget to Build AI Assistant for House Staffers
Artificial Intelligence // July 29, 2026

Rep. Stephanie Bice (R-Okla.) has requested funding for an artificial intelligence agent that will help U.S. House staff find information, interact with the chamber’s systems and data, and support the development of customized skills and tools. Get the Full Story Complete the form to unlock...

House Republicans Urge Expanded Use of AI to Combat Financial Fraud
Artificial Intelligence // July 27, 2026

Artificial intelligence is rapidly transforming financial fraud, giving criminal organizations the ability to generate convincing scams at unprecedented scale. But according to a report issued last week by Republicans on the House Financial Services Committee, AI can also provide financial institutions and government agencies with...

Interviews & Exclusives
AML Debate Shifts From Transactions to Hidden Networks

June 09, 2026
The title of Tuesday’s House Financial Services Oversight and Investigations Subcommittee hearing pointed toward Chinese money laundering networks and cartel financing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing […]

House Hearing Puts AI Fraud at Center of AML Overhaul

May 21, 2026
Criminals are not waiting for regulators to modernize anti-money laundering rules, and that asymmetry shaped a House hearing that exposed a larger divide than where to set reporting thresholds. Get...

Congressional Hearing Exposes New Fault Line Over Who Owns Financial Data

March 17, 2026
Financial data now circulates through banks, FinTech platforms and intermediaries in ways that stretch beyond the structure of existing privacy law, banking and FinTech executives said Tuesday (March 17), raising...

GENIUS Act Rides Stablecoin Momentum as Senate Clears Path for Crypto Regulation

June 17, 2025
U.S. President Donald Trump, who has referred to himself as America’s first “crypto president,” wanted stablecoin legislation to reach his desk prior to the Congressional recess in August. Get the...

Quick Reads
House Committee Advances First-Ever Crypto Tax Bill

September 16, 2026
The House Ways and Means Committee voted to advance the Digital Asset Tax Certainty Act (H.R. 10357) Wednesday (Sept. 16), Rep. Rudy Yakym (R-Ind.) said in a post on X. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. […]

Lawmaker Seeks Budget to Build AI Assistant for House Staffers

July 29, 2026
Rep. Stephanie Bice (R-Okla.) has requested funding for an artificial intelligence agent that will help U.S. House staff find information, interact with the chamber’s systems and data, and support the...

Congress Confronts an 1,800% Rise in Financial Fraud Losses

July 22, 2026
A new report by House Republicans argues that fraud and scams have reached “unprecedented” levels. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

House Passes Federal Tech Procurement Bill Without Senate Backing

July 21, 2026
The House passed a bill Monday (July 20) that its supporters said would improve federal technology procurement. Get the Full Story Complete the form to unlock this article and enjoy...