Markup of H.R. 5535; H.R. 802; H.R. 7437; H.R. 7440; H.R. 7428; H.R. 4206... (EventID=117163)

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Connect with the House Financial Services Committee Get the latest news: https://democrats-financialservices.house.gov/ Follow us on Facebook: https://www.facebook.com/HouseFinancialCmte Follow us on Twitter: https://twitter.com/FSCDems ___________________________________ The full Committee will convene to mark up the following measures, in an order to be determined by the Chairman at 10:00 am E.T. on Wednesday, April 17, 2024, and subsequent days if necessary, in room 2128 of the Rayburn House Office Building. ___________________________________ Legislation: • H.R. 5535, the “Insurance Data Protection Act.” • An amendment in the nature of a substitute, no 1, offered by Mr. Fitzgerald. • H.R. 802, the “Respect State Housing Laws Act.” • An amendment in the nature of a substitute, no 2, offered by Mr. Loudermilk. • H.R. 7437, the “Fostering the Use of Technology to Uphold Regulatory Effectiveness (FUTURE) in Supervision Act.” • An amendment in the nature of a substitute, no 3, offered by Mr. Houchin. • H.R. 7440, the “Financial Services Innovation Act of 2024.” • H.R. 7428, the “Earned Wage Access Consumer Protection Act.” • H.R. 4206, the “Bank Safety Act of 2023.” • An amendment in the nature of a substitute, no 4, offered by Mr. Sherman. • H.R. 4116, the “Systemic Risk Authority Transparency Act.” • An amendment in the nature of a substitute, no 5, offered by Mr. Green. • H.J. Res. 122, a resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Consumer Financial Protection Bureau relating to “Credit Card Penalty Fees (Regulation Z)” • H.J. Res. 120, a resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Financial Stability Oversight Council (FSOC) relating to “Guidance on Non-Bank Financial Company Determinations” • H.J. Res. 125, a resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Board of Governors of the Federal Reserve System relating to “Principles for Climate-Related Financial Risk Management for Large Financial Institutions” • H.J. Res. 126, a resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Federal Deposit Insurance Corporation relating to “Principles for Climate-Related Financial Risk Management for Large Financial Institutions” • H.J. Res. 124, a resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency relating to “Principles for Climate-Related Financial Risk Management for Large Financial Institutions” *** 1. H.R. 5535, the Insurance Data Protection Act (Fitzgerald) H.R. 5535, the Insurance Data Protection Act was introduced on September 26, 2023, by Rep. Scott Fitzgerald (R-WI) and currently has 21 cosponsors, including Financial Services Committee members Reps. Barr (R-KY), De La Cruz (R-TX), Donalds (R-FL), Flood (R-NE), Garbarino (R-NY), Lawler (R-NY), Luetkemeyer (R-MO), Norman (R-SC), Nunn (R-IO), Steil (R-WI), Timmons (R-SC), and Roger Williams (R-TX). This bill was attached to the November 2, 2023, hearing titled “The Factors Influencing the High Cost of Insurance for Consumers.” H.R. 5535 would eliminate the Treasury Department’s Federal Insurance Office (FIO) and Office of Financial Research (OFR) ability to compel the production of data from an insurer or any affiliate of an insurer via subpoena. The bill also requires FIO and other financial regulators to protect the confidentiality of any non-publicly available data collected from insurance companies. H.R. 5535 also requires financial regulators to coordinate with state insurance regulators in advance when seeking to obtain such information. 2. H.R. 802, the Respect State Housing Laws Act (Loudermilk) H.R. 802, the Respect State Housing Laws Act, was introduced on February 2, 2023, by Rep. Barry Loudermilk (R-GA) and currently has 31 bipartisan cosponsors, including Financial Services Committee members Reps. Barr (R-KY), De La Cruz (R-TX), Flood (R-NE), Norman (R-SC), Ogles (R-TN), Timmons (R-SC), Wagner (R-MO), and Vicente Gonzalez (D-TX). This bill was attached to the December 6, 2023, hearing titled “Housing Affordability: Governmental Barriers and Market-Based Solutions.” H.R. 802 removes a drafting error in Section 4024 of the CARES Act (P.L. 116-136) relating to the expired temporary 30-day eviction notice requirement in federally assisted or federally backed housing. 3. H.R. 7437, the Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision (FUTURES) Act (Houchin) H.R. 7437, the Fostering the Use.... ___________________________________ Markup page: https://democrats-financialservices.house.gov/events/eventsingle.aspx?EventID=411358