At a Senate Banking Committee hearing, Chairman Tim Scott from South Carolina emphasized the need for enhanced mitigation strategies and sound insurance market practices to ensure that Americans can access affordable insurance coverage.
Senate Majority Leader John Thune has initiated a move to expedite the voting process for a legislative bill that proposes a regulatory framework for payment stablecoins.
Chairman Tim Scott (R-S.C.) and Senator Brian Schatz (D-Hawaii) are reintroducing legislation aimed at helping flood-prone communities break the cycle of repeated flooding and rebuilding.