PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Monday, August 30, 2021
August 30, 2021
FedACTion Task Force
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PH Client Alerts
Click here to read more from our Coronavirus series.
Congress
Click here to view the full text of the Coronavirus Aid, Relief and Economic Security Act (the "CARES Act"), Enacted March 27, 2020.
Click here to view the full text of the Paycheck Protection Program Increase Act of 2020, Enacted April 24, 2020.
Click here to view the full text of the Paycheck Protection Program Flexibility Act of 2020, Enacted June 5, 2020.
Click here to view the full text of the Consolidated Appropriations Act, 2021, Enacted December 27, 2020.
Click here to view the full text of the American Rescue Plan of 2021, Enacted March 11, 2021.
Click here to view the full text of the PPP Extension Act of 2021, Enacted March 30, 2021.
Click here to view a running list of proposed legislation from the Senate Committee on Banking, Housing, and Urban Affairs, Senate Committee on Small Business and Entrepreneurship, House Committee on Financial Services, and House Committee on Small Business.
U.S. House of Representatives
Committee on Financial Services
Letter: Congresswoman Maxine Waters Details Plans to Reform the Emergency Rental Assistance Program and Expedite Aid to Renters and Landlords
August 27, 2021
Chairwoman of the House Financial Services Committee Congresswoman Maxine Waters (D-CA) sent a letter informing Congress of her plans to move Emergency Rental Assistance Reform legislation that would allow renters and landlords to quickly receive much needed relief.
Federal Agencies
U.S. Department of the Treasury
U.S. Department of Justice
Department of Housing and Urban Development
Letter: Secretary of the Treasury Janet L. Yellen, Attorney General Justice Merrick B. Garland, and Secretary of the Department of Housing and Urban Development Marcia L. Fudge Urge Use of Emergency Rental Assistance Over Eviction
August 27, 2021
Secretary of the Treasury Janet L. Yellen, Attorney General of the U.S. Department of Justice Merrick B. Garland, and Secretary of the Department of Housing and Urban Development Marcia L. Fudge sent a letter to state and local government leaders addressing the eviction moratorium.
Consumer Financial Protection Bureau
Blog: The CDC Eviction Moratorium Has Ended: Learn Your Options
August 27, 2021
The Consumer Financial Protection Bureau posted a blog titled, "The CDC Eviction Moratorium Has Ended: Learn Your Options" to provide resources for renters and landlords.
Administration Changes
Appointments/Confirmation Hearings
Department of the Treasury - Janet Yellen (effective January 26, 2021)
Consumer Financial Protection Bureau - Rohit Chopra (Nominee)
- Acting Director: Dave Uejio (January 20, 2020)
- Confirmation hearing held on March 2, 2021
- Committee approval March 10, 2021
Securities and Exchange Commission - Gary Gensler (effective April 17, 2021)
- Renee Jones to Join SEC as Director of Corporation Finance; John Coates Named SEC General Counsel (June 14, 2021)
- Daniel S. Kahl Appointed Acting Director of the Division of Examinations; Peter B. Driscoll to Depart Agency (July 14, 2021)
Small Business Administration - Isabella Casillas Guzman (effective March 16, 2021)
- Small Business Committee Advances SBA Deputy Administrator Nominee Dilawar Syed (June 17, 2021)
- U.S. Small Business Administration Announces Key Staff (August 18, 2021)
Commodity Futures Trade Commission
Financial Crimes Enforcement Network
National Credit Union Administration - Todd M. Harper
Department of Housing and Urban Development - Marcia Fudge (effective March 10, 2021)
Department of Education - Dr. Miguel Cardona (effective March 2, 2021)