Search Results: keywords:"committee on financial services"

  • H. RES. 1600 — Expressing the sense of the House of Representatives with respect to the use of artificial intelligence in the financial services and housing industries.
    Status:Introduced in House
    Words:304

    H. RES. 1600 expresses the opinion of the House of Representatives on how artificial intelligence (AI) should be used in the financial services and housing industries. The resolution highlights both opportunities and risks associated with AI, including potential bias, data...

    Simple Explanation

    The bill is like a big suggestion list from the House of Representatives about how we should be careful and fair when using smart robots, called artificial intelligence, in banks and houses, to make sure we follow the rules and keep people's information safe. But, it doesn't say exactly how to do this or who should pay for it.

  • H. J. RES. 120 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Financial Stability Oversight Council related to Guidance on Nonbank Financial Company Determinations.
    Status:Introduced in House
    Words:187

    H. J. RES. 120 is a resolution in the 118th Congress that aims to revoke a specific rule created by the Financial Stability Oversight Council. The rule in question is related to "Guidance on Nonbank Financial Company Determinations" and was published on November 17, 2023. The...

    Simple Explanation

    The bill is about Congress wanting to stop a new rule that tells certain financial companies, that are not banks, how they should be checked or controlled. They don't like the rule and if the bill passes, it means the rule won't be used anymore.

  • H. R. 2822 — To extend the National Flood Insurance Program through December 31, 2026.
    Status:Introduced in House
    Words:218

    H. R. 2822 is a bill proposed in the House of Representatives that seeks to extend the National Flood Insurance Program until December 31, 2026. This bill involves amending sections of the National Flood Insurance Act of 1968 to change the expiration dates from September 30,...

    Simple Explanation

    The bill wants to keep the program that helps people get insurance for floods going until the end of 2026. However, it doesn't say much about how this will be paid for or if anything else might change.

  • H. RES. 204 — Removing a certain Member from a certain standing committee of the House.
    Status:Introduced in House
    Words:167

    H. RES. 204 is a resolution in the House of Representatives aimed at removing Representative Green of Texas from the Committee on Financial Services. This action is proposed due to Representative Green's disruptive behavior during the State of the Union address on March 4,...

    Simple Explanation

    This rule in Congress is about taking away a job from a person named Representative Green because he was very noisy and didn't listen when the President was talking to everyone. People felt it was rude and didn't show respect, so they decided he shouldn't be on a special workgroup anymore.

  • H. J. RES. 109 — 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.
    Status:Introduced in House
    Words:248

    H. J. RES. 109 is a resolution aimed at nullifying a rule from the Securities and Exchange Commission related to "Staff Accounting Bulletin No. 121." This rule is identified as part of the federal regulations under chapter 8 of title 5 of the United States Code. The...

    Simple Explanation

    Congress wants to cancel a rule they don't like from a big financial group called the SEC, but they don't really explain why they want to get rid of it.

  • H. RES. 22 — Electing Members to certain standing committees of the House of Representatives.
    Status:Engrossed in House
    Words:399

    The resolution H. RES. 22 is about electing members to specific standing committees in the U.S. House of Representatives. It lists the names of representatives chosen for four committees: Appropriations, Energy and Commerce, Financial Services, and Ways and Means. This...

    Simple Explanation

    The resolution H. RES. 22 is like making teams at school, where certain members of the House of Representatives are chosen to join special groups called committees. These committees, like Appropriations, Energy and Commerce, Financial Services, and Ways and Means, help make important decisions for the country on things like spending money and other big projects.

  • H. R. 10293 — To extend certain authorities under the Defense Production Act of 1950.
    Status:Introduced in House
    Words:145

    H. R. 10293 aims to extend the authorities granted by the Defense Production Act of 1950. Specifically, this bill proposes an amendment to change the expiration date of certain authorities from September 30, 2025, to September 30, 2026. The bill was introduced by Mr. McHenry...

    Simple Explanation

    This bill wants to make sure that certain special powers given to help the country make important products, like during a big emergency, keep going for one more year until the end of September 2026.

  • H. R. 10249 — To amend the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to adjust the affordable housing allocations.
    Status:Introduced in House
    Words:192

    H. R. 10249, known as the "Generating Resources and Opportunities Within Affordable Housing Act" or the "GROW Affordable Housing Act," proposes changes to the Federal Housing Enterprises Financial Safety and Soundness Act of 1992. The bill seeks to increase the affordable...

    Simple Explanation

    H.R. 10249 wants to change how much money banks have to set aside to help make houses cheaper for people. It talks about raising this amount from a little bit to a bit more, but it doesn't say why or explain who will get the help.

  • H. R. 9045 — To amend title 31, United States Code, to exempt entities subject to taxation under section 528 of the Internal Revenue Code of 1986 from certain beneficial ownership reporting requirements.
    Status:Introduced in House
    Words:240

    H. R. 9045, known as the “Community Association Reporting Exemption Act,” aims to change the United States Code to exempt certain entities from reporting their beneficial ownership details. Specifically, it would allow entities that are taxed under section 528 of the Internal Revenue Code of...

    Simple Explanation

    The Community Association Reporting Exemption Act is a bill that says certain groups, like homeowners' associations, don’t have to fill out some forms about who owns them. This makes it easier for those groups by reducing their paperwork.

  • H. RES. 103 — Providing amounts for the expenses of the Committee on Financial Services in the One Hundred Nineteenth Congress.
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    Status:Introduced in House
    Words:325

    H. RES. 103 proposes funding for the Committee on Financial Services for the 119th Congress, allocating a total of $22,407,000. This amount is split equally between two periods, with $11,203,500 available for expenses from January 3, 2025, to January 3, 2026, and $11,203,500...

    Simple Explanation

    The bill is about giving money, $22,407,000, to a group in the government called the Committee on Financial Services so they can do their work over two years. But there aren't clear rules about how they can spend it, which might make it hard to keep track of what the money is used for.

  • H. R. 7562 — To amend the Federal Reserve Act to prohibit Federal reserve banks from paying interest on excess reserves.
    Status:Introduced in House
    Words:246

    H. R. 7562 seeks to amend the Federal Reserve Act to stop Federal Reserve banks from paying interest on excess reserve balances held by depository institutions. It specifies that Federal Reserve banks can only pay interest on required reserve balances, as mandated by existing...

    Simple Explanation

    The bill wants to change how the Federal Reserve works by saying banks wouldn't get extra money for saving extra cash, only for what they really need.

  • H. R. 6870 — To amend the Equal Credit Opportunity Act to clarify creditor’s rights and remedies with respect to the consideration of immigration status with respect to the extension of credit, and for other purposes.
    Status:Introduced in House
    Words:369

    H.R. 6870 aims to modify the Equal Credit Opportunity Act to detail how creditors can consider a person's immigration status when deciding to extend credit. The bill allows creditors to inquire about someone's immigration status to understand their legal options and protections related to...

    Simple Explanation

    In this bill, Congress wants to change the rules about how banks look at a person's immigration status when deciding who gets a loan. They say banks can ask about it, but they shouldn't let it unfairly change their decision about giving someone money.

  • H. R. 425 — To repeal the Corporate Transparency Act.
    Status:Introduced in House
    Words:717

    H.R. 425 aims to repeal the Corporate Transparency Act, which was part of a larger law from 2021. The bill proposes to remove specific sections of existing laws that were amended by the Corporate Transparency Act, such as those related to the reporting requirements for...

    Simple Explanation

    H.R. 425 is about taking back a rule that was meant to make companies tell who owns them to help stop money hiding. Some people are worried because there aren't any reasons given for getting rid of the rule, and it's really tricky to understand what all the changes might mean without more info.

  • H. J. RES. 121 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to Credit Card Penalty Fees (Regulation Z).
    Status:Introduced in House
    Words:196

    H. J. RES. 121 is a joint resolution that expresses Congress's disapproval of a specific rule issued by the Bureau of Consumer Financial Protection. This rule concerns "Credit Card Penalty Fees (Regulation Z)" and was published in the Federal Register on March 15, 2024. By passing this...

    Simple Explanation

    Congress is saying, "No" to a new rule about extra fees on credit cards, and they want to make sure this rule doesn't become real so people and banks don't have to worry about it.