Committee Passes Bills to Promote Innovation, Strengthen the Financial System and Protect Consumers, Small Businesses and Investors

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by Staff 25 Views

      WASHINGTON – This week, the House Financial Services Committee, held a markup of five bills and two resolutions to promote responsible innovation through financial technology, crack down on money laundering and illicit finance, protect small businesses and investors, and uphold consumer protections. See the legislation below. HR 1988, the Protect Affordable Mortgages for Veterans Act of 2019, bipartisan legislation which would ensure that a group of U.S. Department of Veterans Affairs (VA) loans which were inadvertently made ineligible for securitization by Ginnie Mae are made eligible,...

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