In separate hearings, the Senate Banking Committee and the House Financial Services Committee heard testimony from CEOs of the largest U.S. banks on a broad range of public policy and compliance matters.
In testimony before the Senate Judiciary Subcommittee on Competition Policy, Antitrust and Consumer Rights, DOJ Assistant Attorney General Jonathan Kanter and FTC Chair Lina M. Khan described challenges in the current enforcement of federal antitrust laws.
Senate Banking Committee Ranking Member Pat J. Toomey (R-PA) requested information from 12 ESG ratings firms as to how they calculate companies' ESG scores.
House Financial Services Committee Chair Maxine Waters (D-CA) proposed amendments to the Community Reinvestment Act in an effort to (i) end modern-day redlining, (ii) root out discrimination in the banking system and (iii) close the gaps in racial wealth and homeownership.
The U.S. Senate Committee on Agriculture, Nutrition, & Forestry considered testimony from key regulators and market participants on the bipartisan Digital Commodities Consumer Protection Act of 2022.