Daily Financial Regulation Update -- Tuesday, August 18, 2026

Subscribe to PH FedACTion: Financial Regulatory Updates
Subscribe to the PHFintech: Crypto Policy Tracker

 

Federal Agencies

US Department of the Treasury

Treasury Seeks Public Comment on GENIUS Act Proposed Rulemaking

August 17, 2026

The Department of the Treasury issued a notice of proposed rulemaking seeking public comment related to Treasury’s implementation of Section 3 of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.

• Proposed Rule
• Press Release

 

Treasury International Capital Data for June

August 17, 2026

The Department of the Treasury released Treasury International Capital (TIC) data for June 2026. The next release, which will report on data for July 2026, is scheduled for Sept. 16. 

• Press Release
• TIC Release

 

Federal Reserve Bank of New York

Empire State Manufacturing Survey — August 2026

August 17, 2026

The Federal Reserve Bank of New York released the Empire State Manufacturing survey for August 2026.

• Report
• Overview

 

Federal Reserve Bank of Boston

Boston Federal Reserve Bank Publishes New Index on Economic Growth by State

August 17, 2026

The Federal Reserve Bank of Boston has begun publishing the Weekly State-level Economic Conditions Index, a new data series that combines indexes that track weekly economic developments in each of the 50 U.S. states.

• Weekly State-level Economic Conditions Index
• Press Release

 

Federal Deposit Insurance Corporation

National Rates and Rate Caps — August 2026

August 17, 2026

The Federal Deposit Insurance Corporation released the national rates and rate caps for August 2026.

• Rates and Rate Caps

 

Administration Changes

Appointments/Confirmation Hearings

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

Federal Reserve Board – Kevin Warsh (effective May 22, 2026)

• 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)
• Governor Jerome H. Powell (sworn in June 16, 2014)

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 (effective January 13, 2026)

• Vice Chairman Vacant
• Director Vacant
• Director Jonathan Gould (Comptroller of the Currency)
• Acting Director Mark Paoletta (Acting 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 (effective December 22, 2025)

Consumer Financial Protection Bureau – Mark Paoletta (Acting Director effective August 1, 2026); Nominee Brian Johnson (nominated June 10, 2026 – nomination hearing July 24, 2026)

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

Click here to read more from our Coronavirus series.

 

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