Markup of H.R. 3074; H.R. 3190; H.R. 3390; H.R. 3446; H.R. 3673; H.R. 4... (EventID=118532) - Part 2

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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/USHouseFSC » Follow us on Twitter: https://x.com/USHouseFSC » Follow us on Instagram: https://www.instagram.com/ushousefsc/ » Follow us on Bluesky: https://bsky.app/profile/ushousefsc.bsky.social ___________________________________ » Subscribe: https://www.youtube.com/@USHouseFSC?sub_confirmation=1 ___________________________________ 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, July 23, 2025, and subsequent days if necessary, in room 2128 of the Rayburn House Office Building. ___________________________________ Legislation: 1. H.R. 3074, the Common Cents Act (McClain) 2. H.R. 3190, the BRAVE Burma Act (Huizenga) 3. H.R. 3390, the Bringing the Discount Window into the 21st Century Act (De La Cruz) 4. H.R. 3446, the FDIC Board Accountability Act (Huizenga) 5. H.R. 3673, the Small Business Investor Capital Access Act (Barr) 6. H.R. 4346, the Preventing the Escalation of Armed Conflict in Europe Act of 2025, or PEACE Act of 2025 (Nunn) 7. H.R. 4423, the No New Burma Funds Act (Williams of Georgia) 8. H.R. 4427, Syria Sanctions Accountability Act (Lawler) 9. H.R. 4429, the Developing and Empowering our Aspiring Leaders (DEAL) Act (Wagner) 10. H.R. 4430, the Expanding WKSI Eligibility Act (Steil) 11. H.R. 4431, the Improving Capital Allocation for Newcomers (ICAN) Act (Timmons) 12. H.R. 4437, the Supervisory Modifications for Appropriate Risk-based Testing Act of 2025 (SMART Act of 2025) (Timmons) 13. H.R. 4449, the Advocating for Small Business Act (Gonzalez) 14. H.R. 4460, the Stop Agency Fiat Enforcement of Guidance Act (Meuser) 15. H.R. 4478, the Tailored Regulatory Updates for Supervisory Testing Act of 2025 (TRUST Act of 2025) (Moore) 16. H.R. ____, the American Access to Banking Act (Waters) 17. Resolution Reestablishing the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity of the Committee on Financial Services (Hill) ____________________________ H.R. 3074, the Common Cents Act (McClain) H.R. 3074, the Common Cents Act, was introduced on April 29, 2025, by Rep Lisa McClain (RMI). Rep. Robert Garcia (D-CA) is an original cosponsor. This bill was noticed to the June 12, 2025, hearing titled “Evaluating the Defense Production Act.” H.R. 3074 directs the Secretary of the Treasury to cease production of pennies within one year of enactment but not affect the continued status of the penny as legal tender. The bill provides for an exception for numismatic pennies, which the #usmint would still be permitted to produce, so long as the net receipts from the sale of these numismatic pennies are sufficient to cover the total cost of their production. Additionally. H.R. 3074 authorizes an alternative composition for producing nickels, consisting of a zinc core with a nickel outer layer, with the Secretary of the #treasury determining the specific zinc-nickel makeup. This new composition would be subject to testing and evaluation to confirm that it lowers production costs. The bill preserves the U.S. Mint’s ability to continue producing nickels using the current alloy of 75% copper and 25% nickel. H.R. 3190, the BRAVE Burma Act (Huizenga) H.R. 3190, the BRAVE Burma Act, was introduced on May 5, 2025, by Rep. Bill Huizenga (RMI). Rep. Betty McCollum (D-MN), Rep. Ann Wagner (R-MO), and Rep. Seth Moulton (DMA) are original cosponsors. This bill was noticed to the April 1, 2025, hearing titled “Following the Money: Tools and Techniques to Combat Fraud.” H.R. 3190 requires sanctions determinations with respect to certain Burmese state-owned enterprises, Myanma Economic Bank, and entities operating in the jet fuel sector of Burma. It also extends by two years the sunset for sanctions required under the BURMA Act of 2022. The bill also further requires the U.S. Executive Director at the International Monetary Fund (#imf) to limit shareholding increases for #burma under any changes to the IMF’s shareholding formula, as long as Burma is subject to the rule of the State Administration Council. Finally, the legislation creates a Special Coordinator for Burmese Democracy at the Department of State to promote human rights and the restoration of civilian rule in Burma. H.R. 3390, the Bringing the Discount Window into the 21st Century Act (De La Cruz) H.R. 3390, the Bringing the Discount Window into the 21st Century Act was introduced on May 14, 2025, by Rep. Monica De La Cruz (R-TX). This bill was noticed to the May 14, 2025, hearing titled “Enhancing Competition: Shaping the Future of Bank Mergers and De Novo Formation.” This bill directs the #federalreserve Board to review its... ___________________________________ Markup page: https://democrats-financialservices.house.gov/events/eventsingle.aspx?EventID=413563