Today on the Hill: House Kicks Off Week With Financial Services Bills

The House will return to action later this afternoon as lawmakers will look to clear seven Financial Services bills under suspension of the rules. This includes a resolution that encourages the Securities and Exchange Commission (SEC) to collaborate with state securities regulators in efforts to protect investors, as well as a legislation requiring the Department of Housing and Urban Development to discount Federal Housing Administration (FHA) single-family mortgage insurance premium payments for first-time homebuyers who complete a financial literacy counseling program. Other notable bills set to hit the House floor include: (1) a bill amending the Securities Exchange Act to expand access to capital for rural-area small businesses; (2) a measure requiring the Securities and Exchange Commission (SEC) to study ways to improve investment research for small and emerging issuers; and (3) an act mandating an SEC study into the ten percent threshold limitation applicable to the definition of a diversified company under the Investment Company Act.

In the upper chamber, Senators will resume clearing presidential nominations, starting with the nomination of Daniel Bress to be a Circuit Judge for the Ninth Circuit. A full list of pending nominations can be found here.