Golden Apple

Tis the season The National Christmas Tree is lit, and holiday receptions have begun in Washington, but Congress has a daunting amount of work to do between now and the…

The wave that’s coming. We in Washington send fierce good wishes to our friends and colleagues in the path of Hurricane Nicole. GR offices in Boca Raton, Jacksonville, Lakeland, Melbourne,…

Counting down to Election Day Congress is still in recess, but we’re checking in quickly before our post-Election Day issue on November 10 (Thursday, since Friday is Veterans Day). Washington’s…

Treasury seeks comment on federal cyber insurance October is National Cybersecurity Awareness Month — not that every month shouldn’t be — and the Department of the Treasury is worried about…

The continuing resolution (to get out of town) This afternoon the House of Representatives, hewing close to party lines, approved a continuing resolutionthat will keep the federal government operating until…

Faster payments don’t require cryptocurrency, says Liang Under Secretary of the Treasury for Domestic Finance Nellie Liang discussed the Biden Administration’s vision for how digital assets might fit into a…

White House announces framework for digital assets The Treasury Department released three reports President Biden asked for in an Executive Order issued last March: one on The Future of Money…

Capital rules, merger analysis, stablecoins, and climate risk top Barr’s concerns Michael S. Barr, Vice Chair of the Federal Reserve Board, gave his first major policy speech at the Brookings…

House, Senate pass Inflation Reduction Act We often say that Congress has two speeds: molasses-slow and lightning-fast. The Senate voted along party lines, 51-50, to approve the Inflation Reduction Act,…

Buttigieg reports on infrastructure funding, promises implementation of “One Federal Decision” mandate Secretary of Transportation Pete Buttigieg spent about six hours with the House Transportation & Infrastructure Committee, giving a…

Proposed CRA reforms draw criticism from all sides The federal banking regulators issued a joint proposal for updates to Community Reinvestment Act rules in May, with comments due on August…

House panels focus on the housing crisis The House Financial Services Committee and its Subcommittee on Oversight & Investigations held two hearings last week to discuss the critical nationwide shortage…

Fed will focus on reining in inflation, Powell says Appearing before the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services, Federal Reserve Board Chair Jerome Powell…

House Energy & Commerce seeks feedback on data privacy compromise Representatives of the tech industry, consumer groups, small businesses, and other stakeholders testified before the House Energy & Commerce Subcommittee…

Lummis, Gillibrand offer bipartisan framework for crypto regulation Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced legislation that would create a comprehensive framework for registration, regulation, and supervision of…

Fed is focused on CBDC implications for community banks Federal Reserve Board Vice Chair Lael Brainard appeared before the House Financial Services Committeeto talk about the Fed’s work on a…

Welcome Tom Feeney We are delighted to welcome former U.S. Representative and Speaker of the Florida House of Representatives Thomas C. Feeney, III to GrayRobinson’s Washington office. Tom has been…

Federal banking agencies propose new Community Reinvestment Act rules The Federal Deposit Insurance Corporation (FDIC), Federal Reserve Board, and Office of the Comptroller of the Currency (OCC) jointly released a…

Yellen promises further beneficial ownership regulations later this year Secretary of the Treasury Janet Yellen appeared before the House Financial Services Committee last Wednesday to testify about the state of…

Biden budget emphasizes deficit reduction, climate and supply chain resilience “Budgets are statements of values,” said President Joe Biden in unveiling his first budget proposal last Monday. The President’s budget…

RIP, Rep. Don Young The longest-serving member of the House of Representatives, Rep. Don Young (R-AK), died on his way home from Washington. Young, serving his 25th term, was first…

Senate Banking advances Fed, FHFA nominees after Raskin withdraws Sarah Bloom Raskin, President Biden’s nominee to be Vice Chair of the Federal Reserve Board for Supervision, asked the President to…

Postal reform bill passes Last Tuesday, the Senate voted 79-19 to approve HR 3076, the Postal Service Reform Act of 2022. The bipartisan legislation, which passed the House by a…

Fed will proceed with rate increase despite global uncertainty, says Powell Federal Reserve Board Chairman pro tempore (because he hasn’t been confirmed yet) Jerome Powell appeared before the House Financial…

House passes America COMPETES Act The House of Representatives voted along party lines (222-210, with Rep. Adam Kinzinger the only Republican voting aye) to pass HR 4521, which House Majority…

Senate approves temporary increase to debt limit Financial markets breathed a tentative sigh of relief when the Senate voted 50-48 to raise the statutory debt limit by $480 billion. This…

Senate approves bipartisan infrastructure plan Unless you’ve been asleep this past week, you already know that the Senate voted last Tuesday to pass their version of a bill to authorize…

Administration extends pause on student loan payments The Department of Education announced that it is extending the pause on federal student loan payments from its original expiration date of September…

A deal on infrastructure? The Senate voted 66-28 to proceed with consideration of a bipartisan infrastructure package that would provide $550 billion in new spending on a wide range of…

We’re running out of money. But when? Secretary of the Treasury Janet Yellen wrote to Speaker of the House Nancy Pelosi (D-CA) to notify her that the federal government’s outstanding…