Daily Financial Regulation Update -- Thursday, April 23, 2026

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Congress

U.S. House of Representatives

Committee on Small Business

Financial Services Committee Advances 4 Bills

April 22, 2026

The House Committee on Financial Services successfully reported four bills to the House of Representatives.

• H.R. 941, the Small Lenders Exempt from New Data and Excessive Reporting (LENDER) Act
• H.R. 8286, the Protecting Americans’ Retirement Savings from Politics Act
• H.R. 8290, the China Exchange Rate Accountability Act of 2026
• H.R. 425, the Repealing Big Brother Overreach Act
• Rep. Warren Davidson’s remarks
• Rep. Andy Ogels’ remarks
• Press Release

 

House Committees Announce Partnership to Strengthen Data Privacy

April 22, 2026

The House Financial Services and Energy & Commerce Committees announced a joint effort to advance two landmark data privacy bills, the GUARD Financial Data Act and the SECURE Data Act.

• GUARD Financial Data Act
• SECURE Data Act
• Press Release

 

Committee Holds Hearing on Reinsurance and Credit Risk Transfer

April 22, 2026

The House Financial Services Committee held a Housing and Insurance Subcommittee hearing led by Subcommittee Chairman Mike Flood (R-NE), focused on the importance of reinsurance and credit risk transfer.

• Press Release

 

Federal Agencies

Securities and Exchange Commission

SEC Chair Delivers Keynote Remarks at Economic Club of Washington

April 21, 2026

Securities and Exchange Commission (SEC) Chairman Paul S. Atkins gave the keynote remarks at The Economic Club of Washington.

• Speech

 

SEC Chair Speaks at Annual International Institute for Securities Market Growth and Development

April 22, 2026

SEC Chairman Atkins gave the opening remarks at the 32nd Annual International Institute for Securities Market Growth and Development.

• Speech

 

International

European Commission

Commission Officials Deliver Remarks on AccelerateEU

April 22, 2026

European Commission Executive Vice-President Teresa Ribera and Commissioner Dan Jørgensen gave remarks at a press conference on AccelerateEU in Brussels.

• Remarks

 

Financial Conduct Authority

Speech: 'Getting Firms Fit to Run'

April 22, 2026

Financial Conduit Authority (FCA) Executive Director of Authorisations Sheree Howard gave a speech entitled “Getting Firms Fit to Run” at the AAPCC Springer Conference 2026 in London.

• Speech

 

FCA Leads First Crackdown on Illegal Crypto Trading

April 22, 2026

The FCA announced that it carried out its first operation with partners to disrupt illegal peer-to-peer crypto trading across multiple London locations.

• Speech

 

Administration Changes

Vacancies

Appointments

U.S. Department of the Treasury – Scott Bessent (effective January 27, 2025)

Federal Reserve Board – Jerome H. Powell (effective May 23, 2022)

• Vice Chair Phillip N. Jefferson (sworn in September 13, 2023)
• Vice Chair for Supervision Michelle W. Bowman (sworn in June 9, 2025)
• Governor Michael Barr (sworn in July 19, 2022)
• Governor Christopher J. Waller (sworn in December 18, 2020)
• Governor Lisa D. Cook (sworn in September 13, 2022 – SCOTUS hearing on purported termination to be held in January 2026)
• Stephen Miran (sworn in September 16, 2025)

Federal Reserve Bank of New York – John C. Williams (effective June 18, 2018)

Federal Reserve Bank of Boston – Susan M. Collins (effective July 1, 2022)

Federal Deposit Insurance Corporation – Travis Hill (Acting Chairman effective January 20, 2025, nominated to be Chair September 30, 2025 and Confirmed December 18, 2025)

• Vice Chairman Vacant
• Director Vacant
• Director Jonathan Gould (Comptroller of the Currency)
• Director Russel Vought (Director of Consumer Financial Protection Bureau)

Office of the Comptroller of the Currency – Jonathan Gould (effective July 15, 2025)

Securities and Exchange Commission – Paul Atkins (effective April 9, 2025)

Commodity Futures Trading Commission – Michael Selig (confirmed December 18, 2025)

Consumer Financial Protection Bureau – Russel Vought (Acting Director effective February 10, 2025)

National Credit Union Administration – Kyle Hauptman (Chairman effective January 20, 2025)

Small Business Administration – Kelly Loeffler (effective February 19, 2025)

U.S. Department of Housing and Urban Development – Scott Turner (effective February 5, 2025)

Federal Housing Finance Agency – William Pulte (effective March 13, 2025)

U.S. Department of Education – Linda McMahon (effective March 3, 2025)

Financial Crimes Enforcement Network – Andrea Gacki (effective July 13, 2023)

 

PH Client Alerts

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Legislation/Legislative Updates

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 theConsolidated 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