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Daily Financial Regulation Update -- Monday, March 1 2021

March 01, 2021

By FedACTion Task Force

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PH Client Alerts

Click here to read more from our Coronavirus series.

Major Developments

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 (Nominee)

Small Business Administration – Isabel Guzman (Nominee)

Commodity Futures Trade Commission

National Credit Union Administration – Todd M. Harper

Department of Housing and Urban Development – Marcia Fudge (Nominee)

Department of Education – Miguel Cardona (Nominee)

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 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

Waters Floor Statement in Support of American Rescue Plan Act

February 26, 2021

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave a statement urging the passage of the American Rescue Plan Act.

Committee on Small Business

Chairwoman Velazquez on House Passage of the American Rescue Plan Act of 2021

February 27, 2021

House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued a statement after the House passed the American Rescue Plan Act of 2021, which would provide $50 billion in relief funding to small businesses.

Federal Agencies

Department of Housing and Urban Development/Federal Housing Administration


HUD and Census Bureau Report New Residential Sales Surge in January 2021

February 26, 2021

The U.S. Department of Housing and Urban Development and the U.S. Census Bureau jointly announced new residential sales statistics for January 2021.