Republican members of the U.S. Senate Banking Committee released a discussion draft of proposed legislation "to help accelerate economic growth and spur new business formation."
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The U.S. House Financial Services Committee considered proposed public market reforms, including legislation to enhance investor protections relating to special purpose acquisition companies.
The House Financial Services Committee considered several bills intended to address and prevent predatory debt collection practices.
CFPB Director Kathleen L. Kraninger testified before the House Financial Services Committee on regulatory developments at the agency.
SEC Chair Jay Clayton testified before the U.S. House Financial Services Committee, providing an update on the EDGAR system cyber-security breach.