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Daily Financial Regulation Update -- Tuesday, January 4, 2022

January 04, 2022

By FedACTion Task Force

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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. Senate

Committee on Banking, Housing, and Urban Affairs

Statement of Chairman Brown on Resignation of FDIC Chair McWilliams

January 3, 2022

Senator Sherrod Brown (D-OH), Chair of the Senate Committee on Banking, Housing, and Urban Affairs, issued a statement after the Chair of the Federal Deposit Insurance Corporation, Jelena McWilliams, announced her resignation.

Federal Agencies

Federal Reserve Bank of New York

Blog Post: When Will U.S. Exports Take Off?

January 3, 2022

The Federal Reserve Bank of New York published a Liberty Street Economics blog post titled, "When Will U.S. Exports Take Off?"

Ginnie Mae

Alanna McCargo Sworn in as Ginnie Mae President

January 3, 2022

Ginnie Mae welcomed Alanna McCargo, who was recently confirmed by the U.S. Senate and has been sworn in by Secretary of the Department of Housing and Urban Development Marcia L. Fudge to become Ginnie Mae's 18th President. Ms. McCargo is the first Senate confirmed President for Ginnie Mae in nearly five years, and her confirmation is historic as she is the first woman in Ginnie Mae's history to hold this position.

Administration Changes

Appointments/Confirmation Hearings

U.S. Department of the Treasury - Janet Yellen (effective January 26, 2021)

Federal Reserve Board

Consumer Financial Protection Bureau - Rohit Chopra (effective October 12, 2021)

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

Small Business Administration - Isabella Casillas Guzman (effective March 16, 2021)

Commodity Futures Trade Commission – Rostin Behnam (effective December 17, 2021)

Financial Crimes Enforcement Network

National Credit Union Administration - Todd M. Harper

U.S. Department of Housing and Urban Development - Marcia Fudge (effective March 10, 2021)

Federal Housing Finance Agency – Sandra L. Thompson

U.S. Department of Education - Dr. Miguel Cardona (effective March 2, 2021)