Markup of H.R. 6864; H.R. 7280; H.R. 5535; H.R. 802; H.R. 7156; H.R. 7437... (EventID=116910)

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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 Thursday, February 29, 2024, and subsequent days if necessary, in room 2128 of the Rayburn House Office Building. ___________________________________ Legislation: • H.R. 6864, the “HUD Accountability Act of 2023.” • An amendment in the nature of a substitute, no 1, offered by Mr. Lawler. • H.R. 7280, the “HUD Transparency Act of 2024.” • An amendment in the nature of a substitute, no 2, offered by Ms. De La Cruz. • H.R. 5535, the “Insurance Data Protection Act.” • An amendment in the nature of a substitute, no 3, offered by Mr. Fitzgerald. • H.R. 802, the “Respect State Housing Laws Act.” • An amendment in the nature of a substitute, no 4, offered by Mr. Loudermilk. • H.R. 7156, the “Combating Money Laundering in Cyber Crime Act of 2024.” • An amendment in the nature of a substitute, no 5, offered by Mr. Fitzgerald. • 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 6, offered by Mr. Houchin. • H.J. Res. 109, the “Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Staff Accounting Bulletin No. 121.” • H.R. 7440, the “Financial Services Innovation Act of 2024.” • An amendment in the nature of a substitute, no 7, offered by Mr. McHenry. • H.R. 7428, the “Earned Wage Access Consumer Protection Act.” • H.R. 7462, the “Wildfire Insurance Coverage Study Act of 2023.” • H.R. 4206, the “Bank Safety Act of 2023.” • An amendment in the nature of a substitute, no 8, offered by Mr. Sherman. • H.R. 4116, the “Systemic Risk Authority Transparency Act.” • An amendment in the nature of a substitute, no 9, offered by Mr. Green. *** 1. H.R. 6864, the HUD Accountability Act of 2023 (Lawler) H.R. 6864, the HUD Accountability Act of 2023, was introduced on December 19, 2023, by Rep. Mike Lawler (R-NY) and currently has two cosponsors, including Financial Services Committee members Reps. De La Cruz (R-TX) and Rose (R-TN). This bill was attached to the January 11, 2024, hearing titled “Oversight of the Department of Housing and Urban Development and the Federal Housing Administration.” H.R. 6864 requires the HUD Secretary to testify on an annual basis before the House Financial Services and the Senate Banking, Housing, and Urban Affairs Committees. 2. H.R. 7280, the HUD Transparency Act of 2024 (De La Cruz) H.R. 7280, the HUD Transparency Act of 2024, was introduced on February 7, 2024, by Rep. Monica De La Cruz (R-TX) and currently has 19 bipartisan cosponsors, including Financial Services Committee members Reps. Barr (R-KY), Donalds (R-FL), Flood (R-NE), Houchin (RIN), Huizenga (R-MI), Lawler (R-NY), Loudermilk (R-GA), Meuser (R-PA), Norman (R-SC), Ogles (R-TN), Posey (R-FL), Rose (R-TN), Wagner (R-MO), and Roger Williams (R-TX). A draft of this bill was attached to the June 21, 2023, hearing titled “HUD Oversight: Testimony of the HUD Inspector General.” H.R. 7280 requires annual testimony from the HUD Inspector General by October 1 of each year before the House Financial Services and Senate Banking, Housing, and Urban Affairs Committees. 3. 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. 4. H.R. 802, the Respect State Housing Laws Act.... ___________________________________ Markup page: https://democrats-financialservices.house.gov/events/eventsingle.aspx?EventID=411213