The House Financial Services Committee considered testimony from witnesses on the impact of, and interaction between, recent regulatory banking proposals to implement Basel standards and increase capital requirements.
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Witnesses testified before the Senate Banking Committee on federal deposit insurance reform.
The U.S. Senate Banking Committee voted to advance a bill intended to "modernize regulations in a way that makes sense for small financial institutions, benefitting consumers and encouraging economic growth."
The U.S. House of Representatives passed a bill to expand the ability of banks to treat municipal securities as high-quality liquid assets.
The Senate Agriculture Committee met to consider the nominations of Republicans Brian D. Quintenz and Dawn DeBerry Stump, and Democrat Rostin Behnam, to serve as CFTC Commissioners.