Senate Banking Committee

New Senate Banking chief sets dramatic change of course

01/12/21

Sen. Sherrod Brown, D-Ohio, said elevating affordable housing issues, examining the financial system through a climate and racial justice "lens" and holding banks accountable for their impact on consumers will be among his priorities.

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Incoming Dem chair says banking panel will put 'workers' over Wall Street

01/07/21

Sen. Sherrod Brown of Ohio signaled a change in direction for the Banking Committee under Democratic control, on the same day he called for President Trump's ouster after the U.S. Capitol riot.

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Senate sends veto-proof AML reforms to White House

12/11/20

The defense spending bill includes language requiring businesses to report their owners to Fincen.

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Paul Sarbanes, U.S. senator who co-wrote anti-fraud law, dies at 87

12/07/20

The Maryland Democrat served five terms in the U.S. Senate, a 30-year tenure in which he was chairman of the Senate Banking Committee when it responded to a rash of accounting scandals. He didn’t seek a sixth term and retired on Jan. 3, 2007.

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In Georgia Senate runoffs, banks go all in for Republicans

12/06/20

Banking trade organizations are usually cautious about making endorsements. But with Democrats winning the White House and control of Congress on the line in the two races, some groups are pouring in cash for the GOP candidates.

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As Congress weighs new stimulus, senators spar over old one's demise

12/01/20

Tuesday's hearing on the CARES Act was dominated by bickering over Treasury's decision to shut down the Fed's emergency lending facilities, drowning out pleas from some lawmakers for more aid.

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Trump’s 11th-hour pick to run OCC complicates Biden regulatory agenda

11/19/20

If Congress speeds through Brian Brooks’ confirmation in the waning days of the Trump administration, it could make it harder for President-elect Biden to quickly put his stamp on banking policy.

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Pot banking could get new life on Toomey-led Senate panel

11/17/20

Sen. Pat Toomey, R-Pa., who would likely chair the Banking Committee if the GOP retains control of the chamber, signaled support for helping banks serve marijuana businesses. But he is skeptical of an anti-money-laundering bill backed by the industry and extensions of the Fed's pandemic programs.

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The Senate may not flip but Banking Committee is poised for shake-up

11/16/20

If the GOP can hold its majority in the chamber, Sen. Pat Toomey, R-Pa., will likely become the panel's chairman. His ardent support for free-market principles could set up partisan clashes with Democrats over pandemic relief, money laundering rules and more.

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GOP senators push regulatory relief for PPP banks

11/10/20

Regulators were receptive to Republican lawmakers' calls to ease burdens on banks that cross new asset thresholds as a result of their participation in the Paycheck Protection Program.

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