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Daily Financial Regulation Update -- Monday, August 30, 2021

August 30, 2021

By 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)

Securities and Exchange Commission - Gary Gensler (effective April 17, 2021)

Small Business Administration - Isabella Casillas Guzman (effective March 16, 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)