On September 19, 2024, Oversight and Investigations Subcommittee Chairman Bill Huizenga (MI-04) led Republicans on the House floor as lawmakers debated H.R. 4790, the Prioritizing Economic Growth Over Woke Policies Act.
The U.S. House of Representatives has passed H.R. 4790, the Prioritizing Economic Growth Over Woke Policies Act, sponsored by Subcommittee Chairman Bill Huizenga (MI-04) of the Financial Services Committee’s Republican ESG Working Group.
External Deputy Governor Nicolas Vincent provided an inside look at how the Bank of Canada’s Governing Council reaches its monetary policy decisions. Speaking to the Chambre de commerce et industrie de Sherbrooke, Vincent detailed the comprehensive process undertaken by the council.
Annual price growth decelerated in 51 regions in August, most notably in the Primorye Territory and the Kaliningrad Region. Over the year, prices increased by 9.1% across Russia as a whole, which is slightly lower than the July values.
Today, the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions, led by Chairman Blaine Luetkemeyer (MO-03), is holding a hearing entitled “Protecting Americans' Savings: Examining the Economics of the Multi-Billion Dollar Romance Confidence Scam Industry.”
The Reserve Bank of Australia (RBA) and Treasury today released a report summarizing research to date on central bank digital currency (CBDC) and how this has informed the RBA and Treasury's current assessment of CBDC issues in Australia. The report also sets out a three-year roadmap for future work on digital money in Australia.
The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), joined House Majority Whip Tom Emmer (MN-06) in sending a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler. The Congressmen are seeking clarity on the regulatory classification of digital asset airdrops.
The Bank of Canada has released a summary of the deliberations by its Governing Council that led to the monetary policy decision on September 4, 2024. This account provides insight into the discussions held during stage three of the Bank's monetary policy decision-making process, which occurs after members have received all staff briefings and recommendations.
Today, the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion, led by Chairman French Hill (AR-02), is holding a hearing entitled “Dazed and Confused: Breaking Down the SEC’s Politicized Approach to Digital Assets.”
Today, Oversight and Investigations Subcommittee Chairman Bill Huizenga (MI-04) appeared before the House Committee on Rules to testify in support of H.R. 4790, the Prioritizing Economic Growth Over Woke Policies Act.
The Bank of Russia has established the procedure for insurance companies to obtain a management company license for providing voluntary life insurance services. This measure aims to facilitate unit-linked life insurance, a new investment product in the Russian market.
According to the Bank of Russia, proprietary trading companies are becoming increasingly active in on-exchange trading. A proprietary trading company is a legal entity whose core operations involve on-exchange trading with the involvement of traders to manage its own capital and conclude transactions on its behalf. The Bank of Russia is taking additional measures to monitor and investigate the trading activity of such entities.
The priority areas of financial market development for the next three years include enhancing the role of the capital market as a source of business financing, improving long-term saving and investment tools for individuals, boosting confidence in the market, and strengthening the protection of investors' rights.
House Financial Services Committee Chairman Patrick McHenry (NC-10) and Financial Institutions and Monetary Policy Subcommittee Chairman Andy Barr (KY-06) have requested the Government Accountability Office (GAO) to assist in evaluating federal banking agencies’ memberships in the Network of Central Banks and Supervisors for Greening the Financial System (NGFS).
The Business Climate Index (BCI) of the Bank of Russia eased to 5.7 points in September, compared to 6.8 points in August. Current output and demand estimates continued to decline, while short-term expectations were more optimistic than in August.