[House Report 116-718]
[From the U.S. Government Publishing Office]


						Union Calendar No. 602
116th Congress     } 					{	Report
              		HOUSE OF REPRESENTATIVES                 
 2d Session        }                                    {      116-718
_______________________________________________________________________

                                     

                                                 


                         REPORT ON THE ACTIVITY

                                 of the

                    COMMITTEE ON FINANCIAL SERVICES

                                 of the

                 UNITED STATES HOUSE OF REPRESENTATIVES

                                for the

                     ONE HUNDRED SIXTEENTH CONGRESS



		[GRAPHIC(S) NOT AVAILABLE IN TIFF FORMAT]
		


January 2, 2021.--Committed to the Committee of the Whole House on the 
              State of the Union and ordered to be printed
              
              
              			_______
              
              
		    U.S. GOVERNMENT PUBLISHING OFFICE

42-838 			    WASHINGTON : 2021
              



                         LETTER OF TRANSMITTAL

                              ----------                              

                          House of Representatives,
                           Committee on Financial Services,
                                   Washington, DC, January 2, 2021.
    Dear Madam Clerk: Pursuant to clause 1(d) of rule XI of the 
Rules of the House of Representatives for the 116th Congress, I 
present herewith the report on the activity of the Committee on 
Financial Services for the 116th Congress, including the 
Committee's review and study of legislation within its 
jurisdiction, and the oversight activities undertaken by the 
Committee
            Sincerely,
                                             Maxine Waters,
                                                        Chairwoman.
                            C O N T E N T S

                              ----------                              
                                                                   Page
Jurisdiction of the Committee on Financial Services..............     1
Rules of the Committee of Financial Services.....................     3
Membership and Organization of the Committee on Financial 
  Services One Hundred and Sixteenth Congress....................    17
Subcommittee Memberships.........................................    18
Committee Staff..................................................    20
Overview of Legislative Accomplishments..........................    21
Legislative Activities of the Full Committee.....................    22
Oversight Activities of the Full Committee and Subcommittees.....    41
Full Committee Oversight Activities..............................    41
Subcommittee Activities..........................................    49
Subcommittee on Consumer Protection and Financial Institutions...    49
Subcommittee on Diversity and Inclusion..........................    51
Subcommittee on Housing, Community Development and Insurance.....    52
Subcommittee on Investor Protection, Entrepreneurship and Capital 
  Markets........................................................    55
Subcommittee on Oversight and Investigation......................    57
Subcommittee on National Security, International Development, and 
  Monetary Policy................................................    58
Oversight Plan of the Committee..................................    61
Implementation of the 116th Congress Oversight Plan..............    79
Delineation of Committee Oversight Activity Pursuant to Clause 2 
  of Rule XI.....................................................   155
Appendix I--Committee Legislation................................   157
Appendix II--Public Laws.........................................   158
Appendix III--Committee Publications.............................   160




                                                 Union Calendar No. 602
116th Congress     }                                     {    Report
                        HOUSE OF REPRESENTATIVES
 2d Session        }                                     {    116-718

======================================================================



 
 REPORT ON THE ACTIVITY OF THE COMMITTEE ON FINANCIAL SERVICES OF THE 
 UNITED STATES HOUSE OF REPRESENTATIVES FOR THE ONE HUNDRED SIXTEENTH 
                                CONGRESS

                                _______
                                

January 2, 2021.--Committed to the Committee of the Whole House on the 
              State of the Union and ordered to be printed

                                _______
                                

         Ms. Waters, from the Committee on Financial Services, 
                        submitted the following

                              R E P O R T

                    JURISDICTION OF THE COMMITTEE ON 
                           FINANCIAL SERVICES


                     JURISDICTION OF THE COMMITTEE

    The jurisdiction of the Committee on Financial Services is 
set forth in clause 1(h) of Rule X of the Rules of the House of 
Representatives for the 116th Congress, which reads, in 
pertinent part:

                   Rule X--Organization of Committees


             Committees and Their Legislative Jurisdictions

    1. There shall be in the House the following standing 
committees, each of which shall have the jurisdiction and 
related functions assigned by this clause and clauses 2, 3, and 
4. All bills, resolutions, and other matters relating to 
subjects within the jurisdiction of the standing committees 
listed in this clause shall be referred to those committees, in 
accordance with clause 2 of rule XII, as follows:
    * * *
    (h) Committee on Financial Services.
          (1) Banks and banking, including deposit insurances 
        and Federal monetary policy.
          (2) Economic stabilization, defense production, 
        renegotiation, and control of the price of commodities, 
        rents, and services.
          (3) Financial aid to commerce and industry (other 
        than transportation).
          (4) Insurance generally.
          (5) International finance.
          (6) International financial and monetary 
        organizations.
          (7) Money and credit, including currency and the 
        issuance of notes and redemption thereof; gold and 
        silver, including the coinage thereof; valuation and 
        revaluation of the dollar.
          (8) Public and private housing.
          (9) Securities and exchanges.
          (10) Urban development.

              RULES OF THE COMMITTEE ON FINANCIAL SERVICES

 In the Committee on Financial Services of the House of Representatives

                      116th Congress, 1st Session

                            January 30, 2019




                               RESOLUTION

                         Offered by Ms. Waters

    To adopt rules of the Committee on Financial services 
pursuant to clause 2 of Rule XI of the House of 
Representatives.
    Resolved, that the Rules of the Committee on Financial 
Services for the 116th Congress shall be:

                                 Rule 1

                           GENERAL PROVISIONS

    (a) The rules of the House are the rules of the Committee 
on Financial Services (hereinafter in these rules referred to 
as the ``Committee'') and its subcommittees so far as 
applicable, except that a motion to recess from day to day, and 
a motion to dispense with the first reading (in full) of a bill 
or resolution, if printed copies are available, are privileged 
motions in the Committee and shall be considered without 
debate. A proposed investigative or oversight report shall be 
considered as read if it has been available to the members of 
the Committee for at least 24 hours (excluding Saturdays, 
Sundays, or legal holidays except when the House is in session 
on such day).
    (b) Each subcommittee is a part of the Committee and is 
subject to the authority and direction of the Committee and to 
its rules so far as applicable.
    (c) The provisions of clause 2 of rule XI of the Rules of 
the House are incorporated by reference as the rules of the 
Committee to the extent applicable.

                                 Rule 2

                                MEETINGS

Calling of Meetings
    (a)(1) The Committee shall regularly meet on the first 
Tuesday of each month when the House is in session.
    (2) A regular meeting of the Committee may be dispensed 
with if, in the judgment of the Chair of the Committee, there 
is no need for the meeting.
    (3) Additional regular meetings and hearings of the 
Committee may be called by the Chair, in accordance with clause 
2(g)(3) of rule XI of the rules of the House.
    (4) Special meetings shall be called and convened by the 
Chair as provided in clause 2(c)(2) of rule XI of the Rules of 
the House.
Notice for Meetings
    (b)(1) The Chair shall notify each member of the Committee 
of the agenda of each regular meeting of the Committee at least 
three calendar days (excluding Saturdays, Sundays, and legal 
holidays except when the House is in session on any such day) 
before the time of the meeting.
    (2) The Chair shall provide to each member of the 
Committee, at least three calendar days (excluding Saturdays, 
Sundays, and legal holidays except when the House is in session 
on any such day) before the time of each regular meeting for 
each measure or matter on the agenda a copy of--
          (A) the measure or materials relating to the matter 
        in question; and
          (B) an explanation of the measure or matter to be 
        considered, which, in the case of an explanation of a 
        bill, resolution, or similar measure, shall include a 
        summary of the major provisions of the legislation, an 
        explanation of the relationship of the measure to 
        present law, and a summary of the need for the 
        legislation.
    (3) At least 24 hours prior to the commencement of a 
meeting for the markup of legislation, the Chair shall cause 
the text of such legislation to be made publicly available in 
electronic form.
    (4) The provisions of this subsection may be waived by a 
two- thirds vote of the Committee or by the Chair with the 
concurrence of the ranking minority member.

                                 Rule 3

                     MEETING AND HEARING PROCEDURES

In General
    (a)(1) Meetings and hearings of the Committee shall be 
called to order and presided over by the Chair or, in the 
Chair's absence, by a member designated by the Chair to carry 
out such duties.
    (2) Meetings and hearings of the committee shall be open to 
the public unless closed in accordance with clause 2(g) of rule 
XI of the Rules of the House.
    (3) Any meeting or hearing of the Committee that is open to 
the public shall be open to coverage by television broadcast, 
radio broadcast, and still photography in accordance with the 
provisions of clause 4 of rule XI of the Rules of the House 
(which are incorporated by reference as part of these rules). 
Operation and use of any Committee operated broadcast system 
shall be fair and nonpartisan and in accordance with clause 
4(b) of rule XI and all other applicable rules of the Committee 
and the House.
    (4) To the extent feasible, members and witnesses may use 
the Committee equipment for the purpose of presenting 
information electronically during a meeting or hearing, 
provided the information is transmitted to the appropriate 
Committee staff in an appropriate electronic format at least 
one business day before the meeting or hearing so as to ensure 
display capacity and quality. The content of all materials must 
relate to the pending business of the Committee and conform to 
the rules of the House. The confidentiality of the material 
will be maintained by the technical staff until its official 
presentation to the Committee members. For the purposes of 
maintaining the official records of the committee, printed 
copies of all materials presented, to the extent practicable, 
must accompany the presentations.
    (5) No person, other than a Member of Congress, Committee 
staff, or an employee of a Member when that Member has an 
amendment under consideration, may stand in or be seated at the 
rostrum area of the Committee rooms unless the Chair determines 
otherwise.
Quorum
    (b)(1) For the purpose of taking testimony and receiving 
evidence, two members of the Committee shall constitute a 
quorum.
    (2) A majority of the members of the Committee shall 
constitute a quorum for the purposes of reporting any measure 
or matter, of authorizing a subpoena (other than a subpoena 
authorized and issued by the Chair pursuant to subsection 
(e)(1)), of closing a meeting or hearing pursuant to clause 
2(g) of rule XI of the rules of the House (except as provided 
in clause 2(g)(2)(A) and (B)) or of releasing executive session 
material pursuant to clause 2(k)(7) of rule XI of the rules of 
the House.
    (3) For the purpose of taking any action other than those 
specified in paragraph (2) one-third of the members of the 
Committee shall constitute a quorum.
Voting
    (c)(1) No vote may be conducted on any measure or matter 
pending before the Committee unless the requisite number of 
members of the Committee is present for such purpose.
    (2) A record vote of the Committee shall be provided on any 
question before the Committee upon the request of one-fifth of 
the members present.
    (3) No vote by any member of the Committee on any measure 
or matter may be cast by proxy.
    (4) In addition to any other requirement of these rules or 
the Rules of the House, including clause 2(e)(1)(B) of rule XI, 
the Chair shall make the record of the votes on any question on 
which a record vote is demanded publicly available for 
inspection at the offices of the Committee and in electronic 
form on the Committee's Web site not later than one business 
day after such vote is taken. Such record shall include in 
electronic form the text of the amendment, motion, order, or 
other proposition, the name of each member voting for and each 
member voting against such amendment, motion, order, or 
proposition, and the names of those members of the committee 
present but not voting. With respect to any record vote on any 
motion to report or record vote on any amendment, a record of 
such votes shall be included in the report of the Committee 
showing the total number of votes cast for and against and the 
names of those members of the committee present but not voting.
    (5) Postponed Record Votes.--(A) Subject to subparagraph 
(B), the Chair may postpone further proceedings when a record 
vote is ordered on the question of approving any measure or 
matter or adopting an amendment. The Chair may resume 
proceedings on a postponed request at any time, but no later 
than the next meeting day.
    (B) In exercising postponement authority under subparagraph 
(A), the Chair shall take all reasonable steps necessary to 
notify members on the resumption of proceedings on any 
postponed record vote.
    (C) When proceedings resume on a postponed question, 
notwithstanding any intervening order for the previous 
question, an underlying proposition shall remain subject to 
further debate or amendment to the same extent as when the 
question was postponed.
    (D) The Chair's authority to postpone recorded votes will 
not be used to prejudice a member with regard to the offering 
of another amendment. In the application of this rule, the 
Chair will consult regularly with the ranking minority member 
regarding the scheduling of the resumption of postponed votes.
Hearing Procedures
    (d)(1)(A) The Chair shall make public announcement of the 
date, place, and subject matter of any committee hearing at 
least one week before the commencement of the hearing, unless 
the Chair, with the concurrence of the ranking minority member, 
or the Committee by majority vote with a quorum present for the 
transaction of business, determines there is good cause to 
begin the hearing sooner, in which case the Chair shall make 
the announcement at the earliest possible date.
    (B) Not less than three days before the commencement of a 
hearing (excluding Saturdays, Sundays, and legal holidays 
except when the House is in session on any such day) announced 
under this paragraph, the Chair shall provide to the members of 
the Committee a concise summary of the subject of the hearing, 
or, in the case of a hearing on a measure or matter, a copy of 
the measure or materials relating to the matter in question and 
a concise explanation of the measure or matter to be 
considered. At the same time the Chair provides the information 
required by the preceding sentence, the Chair shall also 
provide to the members of the Committee a list of the witnesses 
expected to appear before the Committee at that hearing. The 
witness list may not be modified within 24 hours of a hearing, 
unless the Chair, with the concurrence of the ranking minority 
member, determines there is good cause for such modification.
    (2) To the greatest extent practicable--
          (A) each witness who is to appear before the 
        Committee shall file with the Committee two business 
        days in advance of the appearance sufficient copies 
        (including a copy in electronic form), as determined by 
        the Chair, of a written statement of proposed testimony 
        and shall limit the oral presentation to the Committee 
        to brief summary thereof; and
          (B) each witness appearing in a non-governmental 
        capacity shall include with the written statement of 
        proposed testimony a curriculum vitae and a disclosure 
        of the amount and source (by agency and program) of any 
        Federal grant (or subgrant thereof) or contract (or 
        subcontract thereof) received during the current fiscal 
        year or either of the two preceding fiscal years. Such 
        disclosure statements, with appropriate redactions to 
        protect the privacy of the witness, shall be made 
        publicly available in electronic form not later than 
        one day after the witness appears.
    (3) The requirements of paragraph (2)(A) may be modified or 
waived by the Chair when the Chair determines it to be in the 
best interest of the Committee.
    (4)(A) Subject to subparagraph (B), the five-minute rule 
shall be observed in the interrogation of witnesses before the 
Committee or any of its subcommittees until each present member 
thereof has had an opportunity to question the witnesses. The 
Chair shall, so far as practicable, recognize alternately based 
on seniority of the majority and minority members present at 
the time the hearing was called to order and others based on 
their arrival at the hearing. The Chair shall, so far as 
practicable, defer to the Ranking Member with respect to the 
order of recognition for minority Members. No member shall be 
recognized for a second period of five minutes to interrogate 
witnesses until each present member of the Committee or such 
subcommittee has been recognized once for that purpose.
          (B) The Chair may permit a specified number of 
        members to question one or more witnesses for a 
        specified period of time not to exceed 60 minutes in 
        the aggregate, equally divided between and controlled 
        by the Chair and the ranking minority member.
    (5) Whenever any hearing is conducted by the Committee on 
any measure or matter, the minority party members of the 
Committee shall be entitled, upon the request of a majority of 
them before the completion of the hearing, to call witnesses 
with respect to that measure or matter during at least one day 
of hearing thereon. The Chair, with the concurrence of the 
ranking minority member, will determine the date, time, and 
place of such hearing.
    (6) At any hearing of the Committee, opening statements by 
members of the Committee shall be limited to 10 minutes in the 
aggregate. The Chair shall control five minutes and recognize 
members in the Chair's sole discretion. The ranking minority 
member shall control five minutes; the Chair shall recognize 
members for such time according to the direction of the ranking 
minority member as communicated to the Chair.
    (7) Notwithstanding any member's oral delivery of an 
opening statement, written opening statements by any member of 
the Committee submitted to the Chair within 5 legislative days 
after the adjournment of a hearing shall be made a part of the 
official hearing record thereof.
Subpoenas and Oaths
    (e)(1) The power to authorize and issue subpoenas is 
delegated to the Chair. Unless there are exigent circumstances, 
the Chair will provide written notice to the ranking minority 
member at least 48 hours in advance of the authorization and 
issuance of a subpoena, and such notice shall include a full 
copy of the proposed subpoena, including any proposed document 
schedule.
    (2) Authorized subpoenas shall be signed by the Chair or by 
any member designated by the Committee and may be served by any 
person designated by the Chair or such member.
    (3) The Chair, or any member of the Committee designated by 
the Chair, may administer oaths to witnesses before the 
Committee.

                                 Rule 4


              PROCEDURES FOR REPORTING MEASURES OR MATTERS

    (a) No measure or matter shall be reported from the 
Committee unless a majority of the Committee is actually 
present.
    (b) The Chair of the Committee shall report or cause to be 
reported promptly to the House any measure approved by the 
Committee and take necessary steps to bring a matter to a vote.
    (c) The report of the Committee on a measure which has been 
approved by the Committee shall be filed within seven calendar 
days (exclusive of days on which the House is not in session) 
after the day on which there has been filed with the clerk of 
the Committee a written request, signed by a majority of the 
members of the Committee, for the reporting of that measure 
pursuant to the provisions of clause 2(b)(2) of rule XIII of 
the Rules of the House.
    (d) All reports printed by the Committee pursuant to a 
legislative study or investigation and not approved by a 
majority vote of the Committee shall contain the following 
disclaimer on the cover of such report: ``This report has not 
been officially adopted by the Committee on Financial Services 
and may not necessarily reflect the views of its Members.''
    (e) The Chair is directed to offer a motion under clause 1 
of rule XXII of the Rules of the House whenever the Chair 
considers it appropriate.

                                 Rule 5


                             SUBCOMMITTEES

Establishment and Responsibilities of Subcommittees

    (a)(1) There shall be six subcommittees of the Committee as 
follows:
          (A) Subcommittee on Investor Protection, 
        Entrepreneurship, and Capital Markets.--The 
        jurisdiction of the Subcommittee on Investor 
        Protection, Entrepreneurship, and Capital Markets 
        includes--
                  (i) initiatives to protect investor interest 
                and to promote investor confidence in market 
                integrity;
                  (ii) securities, including retirement savings 
                plans and products, exchanges, and finance;
                  (iii) capital markets activities, including 
                securitization, business capital formation, 
                securities lending, and repurchase agreements;
                  (iv) investment companies, investment 
                advisers, and advisers to private funds;
                  (v) activities involving accounting and 
                auditing;
                  (vi) activities involving futures, forwards, 
                options, and other types of derivative 
                instruments;
                  (vii) the Securities and Exchange Commission;
                  (viii) the Financial Accounting Standards 
                Board;
                  (ix) the Municipal Securities Rulemaking 
                Board;
                  (x) the Public Company Accounting Oversight 
                Board;
                  (xi) the Securities Investor Protection 
                Corporation; and
                  (xii) self-regulatory organizations 
                registered with the Securities and Exchange 
                Commission.
          (B) Subcommittee on Consumer Protection and Financial 
        Institutions.--The jurisdiction of the Subcommittee on 
        Consumer Protection and Financial Institutions 
        includes--
                  (i) all agencies, including the Office of the 
                Comptroller of the Currency, the Federal 
                Deposit Insurance Corporation, the Board of 
                Governors of the Federal Reserve System and the 
                Federal Reserve System, and the National Credit 
                Union Administration, which directly or 
                indirectly exercise supervisory or regulatory 
                authority in connection with, or provide 
                deposit insurance for, financial institutions, 
                and the establishment of interest rate ceilings 
                on deposits;
                  (ii) all matters related to the Consumer 
                Financial Protection Bureau;
                  (iii) the chartering, branching, merger, 
                acquisition, consolidation, or conversion of 
                financial institutions;
                  (iv) consumer credit, including the provision 
                of consumer credit by insurance companies, and 
                further including those matters in the Consumer 
                Credit Protection Act dealing with truth in 
                lending, extortionate credit transactions, 
                restrictions on garnishments, fair credit 
                reporting and the use of credit information by 
                credit bureaus and credit providers, equal 
                credit opportunity, debt collection practices, 
                and electronic funds transfers, including 
                consumer transactions using mobile devices;
                  (v) creditor remedies and debtor defenses, 
                Federal aspects of the Uniform Consumer Credit 
                Code, credit and debit cards, and the 
                preemption of State usury laws;
                  (vi) consumer access to financial services, 
                including the Home Mortgage Disclosure Act and 
                the Community Reinvestment Act;
                  (vii) the terms and rules of disclosure of 
                financial services, including the 
                advertisement, promotion and pricing of 
                financial services, and availability of 
                government check cashing services;
                  (viii) deposit insurance;
                  (ix) consumer access to savings accounts and 
                checking accounts in financial institutions, 
                including lifeline banking and other consumer 
                accounts; and
                  (x) financial stability and systemic risk, 
                including all matters relating to the Financial 
                Stability Oversight Council and the Office of 
                Financial Research.
          (C) Subcommittee on Housing, Community Development, 
        and Insurance.--The jurisdiction of the Subcommittee on 
        Housing, Community Development, and Insurance 
        includes--
                  (i) housing (except programs administered by 
                the Department of Veterans Affairs), including 
                mortgage and loan insurance pursuant to the 
                National Housing Act; rural housing; housing 
                and homeless assistance programs; all 
                activities of the Government National Mortgage 
                Association; secondary market organizations for 
                home mortgages, including the Federal National 
                Mortgage Association, the Federal Home Loan 
                Mortgage Corporation, and the Federal 
                Agricultural Mortgage Corporation; the Federal 
                Housing Finance Agency; the Federal Home Loan 
                Banks; housing construction and design and 
                safety standards; housing-related energy 
                conservation; housing research and 
                demonstration programs; financial and technical 
                assistance for nonprofit housing sponsors; 
                housing counseling and technical assistance; 
                regulation of the housing industry (including 
                landlord/tenant relations); and real estate 
                lending including regulation of settlement 
                procedures;
                  (ii) community development and community and 
                neighborhood planning, training and research; 
                national urban growth policies; urban/rural 
                research and technologies; and regulation of 
                interstate land sales;
                  (iii) the qualifications for and designation 
                of Empowerment Zones and Enterprise Communities 
                (other than matters relating to tax benefits); 
                and
                  (iv) insurance generally, including but not 
                limited to, terrorism risk insurance, private 
                mortgage insurance, government sponsored 
                insurance programs, including those offering 
                protection against crime, fire, flood (and 
                related land use controls), earthquake and 
                other natural hazards, and the Federal 
                Insurance Office.
          (D) Subcommittee on National Security, International 
        Development, and Monetary Policy.--The jurisdiction of 
        the Subcommittee on National Security, International 
        Development, and Monetary Policy includes--
                  (i) financial aid to all sectors and elements 
                within the economy;
                  (ii) financial support networks of national 
                security threats, including matters related to 
                terrorist financing, money laundering, drug 
                sale proceeds, and alternative remittance 
                systems;
                  (iii) methods to detect and inhibit terrorism 
                and illicit finance, including matters related 
                to anti-money laundering and combating the 
                financing of terrorism (AML/CFT) standards, 
                asset forfeiture, and financial sanctions, as 
                well as programs related to such matters 
                administered by agencies or subunits thereof, 
                including activities of the Office of Terrorism 
                and Financial Intelligence and the Financial 
                Crimes Enforcement Network;
                  (iv) inter-governmental initiatives to detect 
                and inhibit terrorism and illicit finance, 
                including the Financial Action Task Force;
                  (v) multilateral development lending 
                institutions, including activities of the 
                National Advisory Council on International 
                Monetary and Financial Policies as related 
                thereto, and monetary and financial 
                developments as they relate to the activities 
                and objectives of such institutions;
                  (vi) international trade, including but not 
                limited to the activities of the Export-Import 
                Bank;
                  (vii) the International Monetary Fund, its 
                permanent and temporary agencies, and all 
                matters related thereto;
                  (viii) international investment policies, 
                both as they relate to United States 
                investments for trade purposes by citizens of 
                the United States and investments made by all 
                foreign entities in the United States;
                  (ix) defense production matters as contained 
                in the Defense Production Act of 1950, as 
                amended;
                  (x) economic growth and stabilization;
                  (xi) domestic monetary policy, and agencies 
                which directly or indirectly affect domestic 
                monetary policy, including the effect of such 
                policy and other financial actions on interest 
                rates, the allocation of credit, and the 
                structure and functioning of domestic financial 
                institutions;
                  (xii) coins, coinage, currency, and medals, 
                including commemorative coins and medals, proof 
                and mint sets and other special coins, the 
                Coinage Act of 1965, gold and silver, including 
                the coinage thereof (but not the par value of 
                gold), gold medals, counterfeiting, currency 
                denominations and design, the distribution of 
                coins, and the operations of the Bureau of the 
                Mint and the Bureau of Engraving and Printing; 
                and
                  (xiii) development of new or alternative 
                forms of currency.
          (E) Subcommittee on Diversity and Inclusion.--The 
        jurisdiction of the Subcommittee on Diversity and 
        Inclusion includes--
                  (i) all matters related to diversity and 
                inclusion within all the agencies, departments, 
                programs, and entities within the jurisdiction 
                of the Committee, including workforce diversity 
                and inclusion, external or customer diversity 
                and inclusion, and supplier diversity;
                  (ii) the Offices of Minority and Women 
                Inclusion within the federal financial 
                agencies; and
                  (iii) methods, initiatives, and measures to 
                promote financial and economic inclusion for 
                all consumers.
          (F) Subcommittee on Oversight and Investigations.--
        The jurisdiction of the Subcommittee on Oversight and 
        Investigations includes
                  (i) the oversight of all agencies, 
                departments, programs, matters, and entities, 
                within the jurisdiction of the Committee, 
                including the development of recommendations 
                with regard to the necessity or desirability of 
                enacting, changing, or repealing any 
                legislation within the jurisdiction of the 
                Committee, and for conducting investigations 
                within such jurisdiction; and
                  (ii) research and analysis regarding matters 
                within the jurisdiction of the Committee, 
                including the impact or probable impact of tax 
                policies affecting matters within the 
                jurisdiction of the Committee.
    (2) In addition, each such subcommittee shall have specific 
responsibility for such other measures or matters as the Chair 
refers to it.
    (3) Each subcommittee of the Committee shall review and 
study, on a continuing basis, the application, administration, 
execution, and effectiveness of those laws, or parts of laws, 
the subject matter of which is within its general 
responsibility.

Referral of Measures and Matters to Subcommittees

    (b)(1) The Chair may regularly refer to one or more 
subcommittees such measures and matters as the Chair deems 
appropriate given its jurisdiction and responsibilities. In 
making such a referral, the Chair may designate a subcommittee 
of primary jurisdiction and subcommittees of additional or 
sequential jurisdiction.
    (2) All measures or matters shall be subject to 
consideration by the full Committee.
    (3) In referring any measure or matter to a subcommittee, 
the Chair may specify a date by which the subcommittee shall 
report thereon to the Committee.
    (4) The Chair, in his or her sole discretion, may discharge 
a subcommittee from consideration of any measure or matter 
referred to a subcommittee of the Committee.

Composition of Subcommittees

    (c)(1) Members shall be elected to each subcommittee and to 
the positions of chair and ranking minority member thereof, in 
accordance with the rules of the respective party caucuses. The 
Chair of the Committee shall designate a member of the majority 
party on each subcommittee as its vice chair. The Chair may 
designate one member of the Committee who previously has served 
as the chair of the Committee as the Chair Emeritus.
    (2) The Chair and ranking minority member of the Committee 
shall be ex officio members with voting privileges of each 
subcommittee of which they are not assigned as members and may 
be counted for purposes of establishing a quorum in such 
subcommittees. The Chair Emeritus shall be an ex officio member 
without voting privileges of each subcommittee to which he or 
she is not assigned and shall not count for purposes of 
establishing a quorum in such subcommittees.
    (3) The subcommittees shall be comprised as follows:
          (A) The Subcommittee on Investor Protection, 
        Entrepreneurship, and Capital Markets shall be 
        comprised of 23 members, 13 elected by the majority 
        caucus and 10 elected by the minority caucus.
          (B) The Subcommittee on Consumer Protection and 
        Financial Institutions shall be comprised of 23 
        members, 13 elected by the majority caucus and 10 
        elected by the minority caucus.
          (C) The Subcommittee on Housing, Community 
        Development, and Insurance shall be comprised of 23 
        members, 13 elected by the majority caucus and 10 
        elected by the minority caucus.
          (D) The Subcommittee on National Security, 
        International Development, and Monetary Policy shall be 
        comprised of 21 members, 12 elected by the majority 
        caucus and 9 elected by the minority caucus.
          (E) The Subcommittee on Diversity and Inclusion shall 
        be comprised of 21 members, 12 elected by the majority 
        caucus and 9 elected by the minority caucus.
          (F) The Subcommittee on Oversight and Investigations 
        shall be comprised of 17 members, 10 elected by the 
        majority caucus and 7 elected by the minority caucus.

Subcommittee Meetings and Hearings

    (d)(1) Each subcommittee of the Committee may be authorized 
at the sole direction of the Chair to meet, hold hearings, 
receive testimony, mark up legislation, and report to the full 
Committee on any measure or matter referred to it, consistent 
with subsection (a).
    (2) No subcommittee of the Committee may meet or hold a 
hearing at the same time as a meeting or hearing of the 
Committee.
    (3) The chair of each subcommittee shall set hearing and 
meeting dates only with the approval of the Chair with a view 
toward assuring the availability of meeting rooms and avoiding 
simultaneous scheduling of Committee and subcommittee meetings 
or hearings.

Effect of a Vacancy

    (e) Any vacancy in the membership of a subcommittee shall 
not affect the power of the remaining members to execute the 
functions of the subcommittee as long as the required quorum is 
present.

Records

    (f) Each subcommittee of the Committee shall provide the 
full Committee with copies of such records of votes taken in 
the subcommittee and such other records with respect to the 
subcommittee as the Chair deems necessary for the Committee to 
comply with all rules and regulations of the House.

                                 Rule 6


                                 STAFF

In General

    (a)(1) Except as provided in paragraph (2), the 
professional and other staff of the Committee shall be 
appointed, and may be removed by the Chair, and shall work 
under the general supervision and direction of the Chair.
    (2) All professional and other staff provided to the 
minority party members of the Committee shall be appointed, and 
may be removed, by the ranking minority member of the 
Committee, and shall work under the general supervision and 
direction of such member.
    (3) It is intended that the skills and experience of all 
members of the Committee staff be available to all members of 
the Committee.

Subcommittee Staff

    (b) From funds made available for the appointment of staff, 
the Chair of the Committee shall, pursuant to clause 6(d) of 
rule X of the Rules of the House, ensure that sufficient staff 
is made available so that each subcommittee can carry out its 
responsibilities under the rules of the Committee and that the 
minority party is treated fairly in the appointment of such 
staff.

Compensation of Staff

    (c)(1) Except as provided in paragraph (2), the Chair shall 
fix the compensation of all professional and other staff of the 
Committee.
    (2) The ranking minority member shall fix the compensation 
of all professional and other staff provided to the minority 
party members of the Committee.

                                 Rule 7


                           BUDGET AND TRAVEL

Budget

    (a)(1) The Chair, in consultation with other members of the 
Committee, shall prepare for each Congress a budget providing 
amounts for staff, necessary travel, investigation, and other 
expenses of the Committee and its subcommittees.
    (2) From the amount provided to the Committee in the 
primary expense resolution adopted by the House of 
Representatives, the Chair, after consultation with the ranking 
minority member, shall designate an amount to be under the 
direction of the ranking minority member for the compensation 
of the minority staff, travel expenses of minority members and 
staff, and minority office expenses. All expenses of minority 
members and staff shall be paid for out of the amount so set 
aside.

Travel

    (b)(1) The Chair may authorize travel for any member and 
any staff member of the Committee in connection with activities 
or subject matters under the general jurisdiction of the 
Committee. Before such authorization is granted, there shall be 
submitted to the Chair in writing the following:
          (A) The purpose of the travel.
          (B) The dates during which the travel is to occur.
          (C) The names of the States or countries to be 
        visited and the length of time to be spent in each.
          (D) The names of members and staff of the Committee 
        for whom the authorization is sought.
    (2) Members and staff of the Committee shall make a written 
report to the Chair on any travel they have conducted under 
this subsection, including a description of their itinerary, 
expenses, and activities, and of pertinent information gained 
as a result of such travel.
    (3) Members and staff of the Committee performing 
authorized travel on official business shall be governed by 
applicable laws, resolutions, and regulations of the House and 
of the Committee on House Administration.

                                 Rule 8


                        COMMITTEE ADMINISTRATION

Records

    (a)(1) There shall be a transcript made of each regular 
meeting and hearing of the Committee, and the transcript may be 
printed if the Chair decides it is appropriate or if a majority 
of the members of the Committee requests such printing. Any 
such transcripts shall be a substantially verbatim account of 
remarks actually made during the proceedings, subject only to 
technical, grammatical, and typographical corrections 
authorized by the person making the remarks. Nothing in this 
paragraph shall be construed to require that all such 
transcripts be subject to correction and publication.
    (2) The Committee shall keep a record of all actions of the 
Committee and of its subcommittees. The record shall contain 
all information required by clause 2(e)(1) of rule XI of the 
Rules of the House and shall be available in electronic form 
and for public inspection at reasonable times in the offices of 
the Committee.
    (3) All Committee hearings, records, data, charts, and 
files shall be kept separate and distinct from the 
congressional office records of the Chair, shall be the 
property of the House, and all Members of the House shall have 
access thereto as provided in clause 2(e)(2) of rule XI of the 
Rules of the House.
    (4) The records of the Committee at the National Archives 
and Records Administration shall be made available for public 
use in accordance with rule VII of the Rules of the House of 
Representatives. The Chair shall notify the ranking minority 
member of any decision, pursuant to clause 3(b)(3) or clause 
4(b) of the rule, to withhold a record otherwise available, and 
the matter shall be presented to the Committee for a 
determination on written request of any member of the 
Committee.

Committee Publications on the Internet

    (b) The Chair shall maintain an official Committee website 
for the purpose of carrying out the official responsibilities 
of the Committee, including communicating information about the 
Committee's activities. The ranking minority member may 
maintain an official website. To the maximum extent feasible, 
the Committee shall make its publications available in 
electronic form on the official Committee website maintained by 
the Chair.

Audio and Video Coverage of Committee Hearings and Meetings

    (c)(1) To the maximum extent feasible, the Committee shall 
provide audio and video coverage of each hearing or meeting for 
the transaction of business in a manner that allows the public 
to easily listen to and view the proceedings; and,
    (2) maintain the recordings of such coverage in a manner 
that is easily accessible to the public.

MEMBERSHIP AND ORGANIZATION OF THE COMMITTEE ON FINANCIAL SERVICES ONE 
                     HUNDRED AND SIXTEENTH CONGRESS

                    COMMITTEE ON FINANCIAL SERVICES

                             (Ratio: 34-26)

    MAXINE WATERS, California, 
            Chairwoman

PATRICK T. McHENRY, North Carolina, Ranking MemberLONEY, New York
FRANK D. LUCAS, Oklahoma             NYDIA M. VELAZQUEZ, New York
BILL POSEY, Florida                  BRAD SHERMAN, California
BLAINE LUETKEMEYER, Missouri         GREGORY W. MEEKS, New York
BILL HUIZENGA, Michigan              WM. LACY CLAY, Missouri
STEVE STIVERS, Ohio                  DAVID SCOTT, Georgia
ANN WAGNER, Missouri, Vice Ranking MemberREEN, Texas
ANDY BARR, Kentucky                  EMANUEL CLEAVER, Missouri
SCOTT R. TIPTON, Colorado            ED PERLMUTTER, Colorado
ROGER WILLIAMS, Texas                JAMES A. HIMES, Connecticut
J. FRENCH HILL, Arkansas             BILL FOSTER, Illinois
TOM EMMER, Minnesota                 JOYCE BEATTY, Ohio
LEE M. ZELDIN, New York              DENNY HECK, Washington
BARRY LOUDERMILK, Georgia            JUAN VARGAS, California
ALEXANDER X. MOONEY, West Virginia   JOSH GOTTHEIMER, New Jersey
WARREN DAVIDSON, Ohio                VICENTE GONZALEZ, Texas
TED BUDD, North Carolina             AL LAWSON, Jr., Florida
DAVID KUSTOFF, Tennessee             MICHAEL F. Q. SAN NICOLAS, Guam,
TREY HOLLINGSWORTH, Indiana            Vice Chair
ANTHONY GONZALEZ, Ohio               RASHIDA TLAIB, Michigan
JOHN W. ROSE, Tennessee              KATIE PORTER, California
BRYAN STEIL, Wisconsin               CYNTHIA AXNE, Iowa
LANCE GOODEN, Texas                  SEAN CASTEN, Illinois
DENVER RIGGLEMAN, Virginia           AYANNA PRESSLEY, Massachusetts
WILLIAM R. TIMMONS IV, South CarolinaBEN McADAMS, Utah
VAN TAYLOR, Texas                    ALEXANDRIA OCASIO-CORTEZ, New York
                                     JENNIFER WEXTON, Virginia
                                     STEPHEN F. LYNCH, Massachusetts
                                     TULSI GABBARD, Hawaii
                                     ALMA S. ADAMS, North Carolina
                                     MADELEINE DEAN, Pennsylvania
                                     JESUS G. ``CHUY'' GARCIA, Illinois
                                     SYLVIA R. GARCIA, Texas
                                     DEAN PHILLIPS, Minnesota
                        SUBCOMMITTEE MEMBERSHIPS


   Subcommittee on Investor Protection, Entrepenurship, and Capital 
                                Markets


                             (Ratio: 14-10)


BRAD SHERMAN, California, Chairman

BILL HUIZENGA, MI [RM]               CAROLYN B. MALONEY, NY
STEVE STIVERS, OH                    DAVID SCOTT, GA
ANN WAGNER, MO                       JAMES A. HIMES, CT
J. FRENCH HILL, AR                   BILL FOSTER, IL
TOM EMMER, MN                        GREGORY W. MEEKS, NY
ALEXANDER X. MOONEY, WV              JUAN VARGAS, CA
WARREN DAVIDSON, OH                  JOSH GOTTHEIMER, NJ
TREY HOLLINGSWORTH, IN [VRM]         VICENTE GONZALEZ, TX
ANTHONY GONZALEZ, OH                 MICHAEL F. Q. SAN NICOLAS, GU
BRYAN STEIL, WI                      KATIE PORTER, CA
PATRICK McHENRY, NC [Ex Officio]     CYNTHIA AXNE, IA
                                     SEAN CASTEN, IL
                                     ALEXANDRIA OCASIO-CORTEZ, NY
                                     MAXINE WATERS, NY [Ex Officio]

     Subcommittee on Consumer Protection and Financial Institutions


                             (Ratio: 13-10)


   GREGORY W. MEEKS, New York, 
             Chairman

BLAINE LUETKEMEYER, MO [RM]          DAVID SCOTT, GA
FRANK D. LUCAS, OK                   NYDIA M. VELAZQUEZ, NY
BILL POSEY, FL                       WM. LACY CLAY, MO
ANDY BARR, KY                        DENNY HECK, WA
SCOTT R. TIPTON, CO [VRM]            BILL FOSTER, IL
ROGER WILLIAMS, TX                   AL LAWSON, Jr., FL
BARRY LOUDERMILK, GA                 RASHIDA TLAIB, MI
TED BUDD, NC                         KATIE PORTER, CA
DAVID KUSTOFF, TN                    AYANNA PRESSLEY, MA
DENVER RIGGLEMAN, VA                 BEN McADAMS, UT
PATRICK McHENRY, NC [Ex Officio]     ALEXANDRIA OCASIO-CORTEZ, NY
                                     JENNIFER WEXTON, VA
                                     MAXINE WATERS, CA [Ex Officio]

     Subcommittee on Housing, Community Development, and Insurance


                             (Ratio: 13-10)


 WM. LACY CLAY, Missouri, Chairman

STEVE STIVERS, OH [RM]               NYDIA M. VELAZQUEZ, NY
BILL POSEY, FL                       EMANUEL CLEAVER, MO
BLAINE LUETKEMEYER, MO               BRAD SHERMAN, CA
BILL HUIZENGA, MI                    JOYCE BEATTY, OH
SCOTT R. TIPTON, CO                  AL GREEN, TX
LEE M. ZELDIN, NY                    VICENTE GONZALEZ, TX
DAVID KUSTOFF, TN                    CAROLYN B. MALONEY, NY
JOHN W. ROSE, TN                     DENNY HECK, WA
BRYAN STEIL, WI                      JUAN VARGAS, CA
LANCE GOODEN, TX [VRM]               AL LAWSON, Jr., FL
PATRICK McHENRY, NC [Ex Officio]     RASHIDA TLAIB, MI
                                     CYNTHIA AXNE, IA
                                     MAXINE WATERS, CA [Ex Officio]

   Subcommittee on National Security, International Development, and 
                            Monetary Policy


                             (Ratio: 13-9)


    EMANUEL CLEAVER, Missouri, 
             Chairman

                                     ED PERLMUTTER, CO
J. FRENCH HILL, AR [RM]              JAMES A. HIMES, CT
FRANK D. LUCAS, OK                   DENNY HECK, WA
ROGER WILLIAMS, TX                   BRAD SHERMAN, CA
TOM EMMER, MN                        JUAN VARGAS, CA
ANTHONY GONZALEZ, OH                 JOSH GOTTHEIMER, NJ
JOHN W. ROSE, TN                     MICHAEL F. Q. SAN NICOLAS, GU
DENVER RIGGLEMAN, VA [VRM]           BEN McADAMS, UT
WILLIAM R. TIMMONS IV, SC            JENNIFER WEXTON, VA
VAN TAYLOR, TX                       STEPHEN F. LYNCH, MA
PATRICK McHENRY, NC [Ex Officio]     TULSI GABBARD, HI
                                     JESUS G. ``CHUY'' GARCIA, IL
                                     MAXINE WATERS, CA [Ex Officio]

                Subcommittee on Diversity and Inclusion


                             (Ratio: 12-9)


     JOYCE BEATTY, Ohio, Chair

ANN WAGNER, MO [RM]                  WM. LACY CLAY, MO
FRANK D. LUCAS, OK                   AL GREEN, TX
ALEXANDER X. MOONEY, WV              JOSH GOTTHEIMER, NJ
TED BUDD, NC                         VICENTE GONZALEZ, TX
DAVID KUSTOFF, TN                    AL LAWSON, Jr., FL
TREY HOLLINGSWORTH, IN               AYANNA PRESSLEY, MA
ANTHONY GONZALEZ, OH [VRM]           TULSI GABBARD, HI
BRYAN STEIL, WI                      ALMA S. ADAMS, NC
LANCE GOODEN, TX                     MADELEINE DEAN, PA
PATRICK McHENRY, NC [Ex Officio]     SYLVIA R. GARCIA, TX
                                     DEAN PHILLIPS, MN
                                     MAXINE WATERS, CA [Ex Officio]

              Subcommittee on Oversight and Investigations


                        (Ratio: 10-7; 1 Vacancy)


     AL GREEN, Texas, Chairman

ANDY BARR, KY [RM]                   JOYCE BEATTY, OH
LEE M. ZELDIN, NY [VRM]              STEPHEN F. LYNCH, MA
BARRY LOUDERMILK, GA                 NYDIA M. VELAZQUEZ, NY
WARREN DAVIDSON, OH                  ED PERLMUTTER, CO
JOHN W. ROSE, TN                     RASHIDA TLAIB, MI
WILLIAM R. TIMMONS IV, SC            SEAN CASTEN, IL
VAN TAYLOR, TX                       MADELEINE DEAN, PA
(VACANCY)                            SYLVIA R. GARCIA, TX
PATRICK McHENRY, NC [Ex Officio]     DEAN PHILLIPS, MN
                                     MAXINE WATERS, CA [Ex Officio]

                 Task Force on Artificial Intelligence


                              (Ratio: 7-5)


  BILL FOSTER, Illinois, Chairman

BARRY LOUDERMILK, GA [RM]            EMANUEL CLEAVER, MO
TED BUDD, NC                         KATIE PORTER, CA
TREY HOLLINGSWORTH, TN               SEAN CASTEN, IL
DENVER RIGGLEMAN, VA                 ALMA ADAMS, NC
VAN TAYLOR, TX                       SYLVIA GARCIA, TX
PATRICK McHENRY, NC [Ex Officio]     DEAN PHILLIPS, MN
                                     MAXINE WATERS, CA [Ex Officio]

                   Task Force on Financial Technology


                              (Ratio: 7-5)


 STEPHEN F. LYNCH, Massachusetts, 
             Chairman

TOM EMMER, IN [RM]                   DAVID SCOTT, GA
BLAINE LUETKEMEYER, MO               JOSH GOTTHEIMER, NJ
J. FRENCH HILL, AR                   AL LAWSON, FL
WARREN DAVIDSON, OH                  CYNTHIA AXNE, IA
BRYAN STEIL, WI                      BEN McADAMS, UT
PATRICK McHENRY, NC [Ex Officio]     JENNIFER WEXTON, VA
                                     MAXINE WATERS, CA [Ex Officio]

                            Membership Notes

    Mr. Timmons was elected to the Committee on September 26, 2019, 
filling a vacancy created by the resignation of Mr. Duffy from the U.S. 
House of Representatives on September 19, 2019.
    Mr. Taylor was elected to the Committee on January 16, 2020, 
filling a vacancy created by the resignation of Mr. King from the U.S. 
House of Representatives at the end of the 116th Congress.

                            COMMITTEE STAFF


                             Majority Staff


         CHARLA OUERTATANI
          Staff Director
        KRISTOFOR ERICKSON
       Deputy Staff Director
           ESTHER KAHNG
           Chief Counsel
           JENNIFER READ
       Deputy Chief Counsel
         DAVID ABRAMOWITZ
       General Counsel and 
          Parliamentarian
 CLEMENT ABONYI, Jr., Director of 
          Member Services
  TERRIE ALLISON, Document Editor
   CHRISTINE BALTAZAR, Paralegal
   DEVRON BROWN, Senior Counsel
   KEVIN BURRIS, General Counsel
  DAVID FERNANDEZ, Senior Counsel
 ALIA FIERRO, Professional Staff 
              Member
      ALFRED FORMAN, Systems 
           Administrator
   MARCUS FRIAS, National Press 
             Secretary
  JORDAN HAEDTLER, Professional 
           Staff Member
      JOHN HEINEMANN, Counsel
   ERIC HERSEY, Communications 
             Director
   BRUCE JOHNSON, Deputy Chief 
         Oversight Counsel
  DANIELLE LINDHOLM, Director of 
     National Security Policy
    AVY MALLIK, Senior Counsel
    MARCOS MANOSALVAS, Digital 
             Director
  DANIEL McGLINCHEY, Director of 
       International Affairs
ERICA MILES, Director of Diversity 
           and Inclusion
    YANA MILES, Senior Counsel
    KATANYA MOORE, Director of 
   Investor and Capital Markets 
              Policy
     VERONICA MORALES, Deputy 
      Communications Director
   FAITH MORGAN, Staff Assistant
         LAURI NG, Counsel
  BOB ROACH, Special Investigator
   DENISE SCOTT, Financial and 
      Administrative Officer
 GLEN SEARS, Director of Consumer 
       and Financial Policy
       PETRINA THOMAS, Clerk
FRANKLIN THORNTON, Staff Assistant
 LAURA VOSSLER, Research Assistant
   ELAYNE WEISS, Senior Counsel
PIERRE WHATLEY, Professional Staff 
              Member

                             Minority Staff


           STEPHEN COTE
          Staff Director
            MATT MULDER
   Deputy Staff Director/Policy 
             Director
           KIMBERY BETZ
          General Counsel
STACY BAKER, Systems Administrator
  WILLIAM BARRY, Assistant Press 
             Secretary
      McARN BENNETT, Counsel
  ALLISON BEHUNIAK, Professional 
           Staff Member
   MORGAN BEVIN, Staff Assistant
ANTHONY CHANG, Senior Professional 
           Staff Member
 CONNOR DUNN, Professional Staff 
              Member
     BRIGHTON HASLETT, Counsel
COLLIN McCUNE, Director of Member 
      Services and Coalitions
JAMIE McGINNIS, Professional Staff 
              Member
  KATHLEEN PALMER, Professional 
           Staff Member
   LAURA PEAVEY, Communications 
             Director
   PHIL POE, Professional Staff 
              Member
  STEPHEN SANDORA, Professional 
           Staff Member
 CHARLIE SCHREIBER, Senior Counsel
 LINDSEY SHACKELFORD, Director of 
            Operations
EDWARD SKALA, Senior Professional 
           Staff Member
  JON SKLADANY, Chief Oversight 
              Counsel
 AUSTIN STONEBRAKER, Deputy Press 
             Secretary
    NICHOLLE VO, Professional 
      Oversight Staff Member

                OVERVIEW OF LEGISLATIVE ACCOMPLISHMENTS

    During the 116th Congress, 871 bills were referred to the 
Committee on Financial Services, with 264 measures considered 
at legislative hearings. The full Committee ordered reported 74 
bills to the House of Representatives, and the House passed 149 
measures which had provisions within the Committee's 
jurisdiction, with a number being incorporated into other 
legislation. Sixty-five measures which had provisions within 
the Committee's jurisdiction were enacted into law, with a 
number being incorporated into other legislation. The following 
is a summary of the legislative activities of the Committee on 
Financial Services during the 116th Congress. Appendix I has a 
list of Committee Reports on legislation ordered reported by 
the Committee. Appendix II has a list of Public Laws, including 
a list of all bills that were incorporated into those 
measures.*

    *Certain statistics in this paragraph and entries in the table 
below are dependent on Presidential actions upon presentation of 
legislation to the President which will occur after submission of this 
report.

                                  Legislative Activities of the Full Committee
----------------------------------------------------------------------------------------------------------------
                                                           Date                           Committee/Legislative
             H.R. #                      Title          Introduced        Sponsor                 Action
----------------------------------------------------------------------------------------------------------------
H. Res. 77......................  Expressing the         1/25/2019  Rep. Waters, Maxine  1/29/2019--Passed the
                                   sense of Congress                 [D-CA-43].           House by voice vote.
                                   that financial
                                   institutions and
                                   other entities
                                   should work
                                   proactively with
                                   their customers
                                   affected by the
                                   shutdown of the
                                   Federal Government
                                   who may be facing
                                   short-term
                                   financial hardship
                                   and long-term
                                   damage to their
                                   creditworthiness
                                   through no fault
                                   of their own.
H. Res. 206.....................  Acknowledging that      3/8/2019  Rep. Waters, Maxine  3/13/2019--Passed the
                                   the lack of                       [D-CA-43].           House by voice vote.
                                   sunlight and
                                   transparency in
                                   financial
                                   transactions poses
                                   a threat to our
                                   national security
                                   and our economy's
                                   security and
                                   supporting efforts
                                   to close related
                                   loopholes.
H. Res. 327.....................  Encouraging greater  ...........  Rep. Foster, Bill    4/30/2019--Passed the
                                   public-private                    [D-IL-11].           House by voice vote.
                                   sector
                                   collaboration to
                                   promote financial
                                   literacy for
                                   students and young
                                   adults.
H. Res. 328.....................  Supporting the         4/25/2019  Rep. Casten, Sean    4/30/2019--Passed the
                                   protection of                     [D-IL-6].            House by voice vote.
                                   elders through
                                   financial literacy.
H. Res. 456.....................  Emphasizing the        6/21/2019  Rep. Pressley,       7/9/2019--Passed the
                                   importance of                     Ayanna [D-MA-7].     House by voice vote.
                                   grassroots
                                   investor
                                   protection and the
                                   investor education
                                   missions of State
                                   and Federal
                                   securities
                                   regulators,
                                   calling on the
                                   Securities and
                                   Exchange
                                   Commission to
                                   collaborate with
                                   State securities
                                   regulators in the
                                   protection of
                                   investors, and for
                                   other purposes.
H.R. 1..........................  For the People Act      1/3/2019  Rep. Sarbanes, John  3/4/2019--Committee
                                   of 2019.                          P. [D-MD-3].         discharged.
                                                                                         3/8/2019--Passed the
                                                                                          House by record vote
                                                                                          234-193.
H.R. 5..........................  Equality Act.......    3/13/2019  Rep. Cicilline,      5/10/2019--Committee
                                                                     David [D-RI-1].      discharged.
                                                                                         5/17/2019--Passed in
                                                                                          the House by record
                                                                                          vote 236-173.
H.R. 31.........................  Caesar Syria            1/3/2019  Rep. Engel, Eliot    1/22/2019--Waived
                                   Civilian                          [D-NY-16].           consideration.
                                   Protection Act of                                     1/22/2019--Passed the
                                   2019.                                                  House by voice vote.
H.R. 56.........................  The Financial           1/3/2019  Rep. Budd, Ted [R-   01/03/2019--Passed the
                                   Technology                        NC-13].              House by voice vote.
                                   Protection Act.
H.R. 123........................  FHA Additional          1/3/2019  Rep. Green, Al [D-   9/20/2019--Ordered
                                   Credit Pilot                      TX-9].               reported as amended by
                                   Program                                                the Committee by
                                   Reauthorization                                        record vote 32-22.
                                   Act.                                                  12/17/2020--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-663.
H.R. 132........................  North American          1/3/2019    .................  9/20/2019--Ordered
                                   Development Bank                                       reported as amended by
                                   Improvement Act of                                     the Committee by
                                   2019.                                                  record vote 32-23.
                                                                                         1/29/2020--Became law,
                                                                                          as amended, as part of
                                                                                          Public Law 116-113.
H.R. 149........................  Housing Fairness        1/3/2019  Rep. Green, Al [D-   2/28/2019--Ordered
                                   Act of 2019.                      TX-9].               reported as amended by
                                                                                          the Committee by
                                                                                          record vote 33-25.
                                                                                         12/17/2020--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-664.
H.R. 241........................  Bank Service            1/4/2019  Rep. Williams,       05/14/2019--Passed the
                                   Company                           Roger [R-TX-25].     House by voice vote.
                                   Examination
                                   Coordination Act
                                   of 2019.
H.R. 281........................  Ensuring Diverse        1/8/2019  Rep. Beatty, Joyce   7/11/2019--Ordered
                                   Leadership Act.                   [D-OH-3].            reported as amended by
                                                                                          the Committee by
                                                                                          record vote 56-2.
                                                                                         9/10/2019--Passed in
                                                                                          the House by voice
                                                                                          vote.
H.R. 389........................  Kleptocracy Asset       1/9/2019  Rep. Lynch, Stephen  3/28/2019--Ordered
                                   Recovery Rewards                  F. [D-MA-8].         reported as amended by
                                   Act.                                                   the Committee by
                                                                                          unanimous consent.
                                                                                         5/14/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-60.
                                                                                         5/14/2019--Passed the
                                                                                          House by voice vote.
                                                                                         1/1/2021--Became law as
                                                                                          part of Public Law 116-
                                                                                          __ (H.R. 6395, NDAA).
H.R. 500/                         Christa McAuliffe      1/11/2019  Rep. Upton, Fred (R- 9/10/2019--Passed in
  S. 239........................   Commemorative Coin                MI)/                 the House by voice
                                   Act of 2019.                       Sen. Shaheen,       vote.
                                                                     Jeanne (D-NH).
H.R. 502........................  FIND Trafficking       1/11/2019  Rep. Vargas, Juan    1/28/2019--Passed the
                                   Act.                              [D-CA-51].           House by record vote
                                                                                          412-3.
                                                                                         1/1/2021--Became law as
                                                                                          amended as part of
                                                                                          Public Law 116-__
                                                                                          (H.R. 6395, NDAA).
H.R. 624........................  Promoting              1/16/2019  Rep. Waters, Maxine  1/28/2019--Passed the
                                   Transparent                       [D-CA-43].           House by record vote
                                   Standards for                                          412-3.
                                   Corporate Insiders
                                   Act.
H.R. 758........................  Cooperate with Law     1/24/2019  Rep. Hill, J.        03/11/2019--Passed the
                                   Enforcement                       French [R-AR-2].     House by record vote
                                   Agencies and Watch                                     404-7.
                                   Act of 2019.                                          1/1/2021--Became law as
                                                                                          amended as part of
                                                                                          Public Law 116-__
                                                                                          (H.R. 6395, NDAA).
H.R. 906/                         Merrill's Marauders    1/30/2019  Rep. King, Peter T.  9/22/2020--Passed the
  S. 743........................   Congressional Gold                [R-NY-2]/            House by unanimous
                                   Medal Act.                         Isakson, Johnny     consent.
                                                                     [R-GA].             10/17/2020--Became law
                                                                                          as 116-170.
H.R. 925........................  Heroes Act             1/30/3019  Rep. Thompson, Mike  10/01/2020--House
                                   (containing                       [D-CA-5].            concurred with the
                                   provisions within                                      Senate Amendments with
                                   the Committee's                                        an amendment.
                                   jurisdiction
                                   relating to
                                   economic
                                   stability, housing
                                   and other matters).
H.R. 974........................  Federal Reserve         2/5/2019  Rep. Gottheimer,     3/11/2019--Passed the
                                   Supervision                       Josh [D-NJ-5].       House by voice vote.
                                   Testimony
                                   Clarification Act.
H.R. 1018.......................  Improving Corporate     2/6/2019  Rep. Meeks,          7/11/2019--Ordered
                                   Governance Through                 Gregory W. [D-NY-   reported as amended by
                                   Diversity Act of                  5].                  the Committee by
                                   2019.                                                  record vote 53-5.
H.R. 1037.......................  Banking                 2/7/2019  Rep. Riggleman,      5/14/2019--Passed the
                                   Transparency for                  Denver [R-VA-5].     House of
                                   Sanctioned Persons                                     Representatives by
                                   Act of 2019.                                           voice vote.
H.R. 1060/                        BUILD Act..........     2/7/2019  Rep. Loudermilk,     5/14/2019--Passed the
  S. 371........................                                     Barry [R-GA-11].     House by voice vote.
                                                                                         1/_/2021--Became law as
                                                                                          Public Law 116-__.
H.R. 1122.......................  Housing Choice          2/8/2019  Rep. Cleaver,        3/11/2019--Passed the
                                   Voucher Mobility                  Emanuel [D-MO-5].    House by record vote
                                   Demonstration Act                                      387-22.
                                   of 2019.
H.R. 1037.......................  Banking                 2/7/2019  Rep. Denver          5/14/2019--Passed the
                                   Transparency for                  Riggleman [R-VA-5].  House by voice vote.
                                   Sanctioned Persons
                                   Act of 2019.
H.R. 1173/                        President George       2/12/2019  Rep. Williams,       1/13//2020--Passed the
  S. 457........................   H.W. Bush and                     Roger [R-TX-25]/     House by voice vote.
                                   First Spouse                       Sen. John Cornyn   1/27/2020--Became
                                   Barbara Bush Coin                 [R-TX].              Public Law 116-112.
                                   Act.
H.R. 1307.......................  Post-Disaster          2/15/2019  Rep. Meadows, Mark   7/23/2019--Committee
                                   Assistance                        [R-NC-11].           discharged.
                                   Accountability Act.                                   7/24/2019--Passed the
                                                                                          House by voice vote.
H.R. 1396.......................  Hidden Figures         2/27/2019  Rep. Johnson, Eddie  9/19/2019--Passed in
                                   Congressional Gold                Bernice [D-TX-30].   the House by voice
                                   Medal Act.                                             vote.
                                                                                         11/08/2019--Became
                                                                                          Public Law 116-68.
H.R. 1414.......................  FinCEN Improvement     2/27/2019  Rep. Wexton,         3/11/2019--Passed the
                                   Act of 2019.                      Jennifer [D-VA-10].  House by voice vote.
                                                                                         1/1/2021--Became law as
                                                                                          amended part of Public
                                                                                          Law 116-__ (H.R. 6395,
                                                                                          NDAA).
H.R. 1500.......................  Consumers First Act     3/5/2019  Rep. Waters, Maxine  3/28/2019--Ordered
                                                                     [D-CA-43].           reported as amended by
                                                                                          the Committee by
                                                                                          record vote 34-26.
                                                                                         3/19/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-57, part I.
                                                                                         5/22/2019--Passed the
                                                                                          House by record vote
                                                                                          231-191.
H.R. 1585.......................  Violence Against        3/7/2019  Rep. Bass, Karen [D- 3/27/2019--Committee
                                   Women                             CA-37].              discharged.
                                   Reauthorization                                       4/4/2019--Passed in the
                                   Act of 2019.                                           House by record vote
                                                                                          263-158.
H.R. 1595.......................  Secure And Fair         3/7/2019  Rep. Perlmutter, Ed  3/28/2019--Ordered
                                   Enforcement                       [D-CO-7].            reported as amended by
                                   Banking Act of                                         the Committee by
                                   2019.                                                  record vote 45-15.
                                                                                         6/5/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-104, part I.
                                                                                         5/22/2019--Passed the
                                                                                          House by record vote
                                                                                          321-103.
H.R. 1690.......................  Carbon Monoxide        3/12/2019  Rep. Garcia, Jesus   6/26/2019--Ordered
                                   Alarms Leading                    G. ``Chuy'' [D-IL-   reported as amended by
                                   Every Resident To                 4].                  the Committee by voice
                                   Safety Act of 2019.                                    vote.
                                                                                         9/10/2019--Passed the
                                                                                          House, as amended, by
                                                                                          voice vote.
                                                                                         12/27/2020--Became law
                                                                                          as part of Public Law
                                                                                          116-__ (H.R. 133,
                                                                                          Appropriations 2021).
H.R. 1731.......................  Cybersecurity          3/13/2019  Rep. Himes, James    12/11/2019--Ordered
                                   Disclosure Act of                 A. [D-CT-4].         reported as amended by
                                   2019.                                                  record vote 32-24.
                                                                                         12/8/2020--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-633.
H.R. 1773.......................  Rosie the Riveter      3/14/2019  Rep. Speier, Jackie  11/13/2019--Passed in
                                   Congressional Gold                [D-CA-14].           the House by voice
                                   Medal Act of 2019.                                     vote.
                                                                                         12/03/2020--Became
                                                                                          Public Law 116-195.
H.R. 1815.......................  SEC Disclosure         3/18/2019  Rep. Casten, Sean    3/28/2019--Ordered
                                   Effectiveness                     [D-IL-6].            reported as amended by
                                   Testing Act.                                           the Committee by
                                                                                          record vote 33-26.
                                                                                         6/20/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-123.
                                                                                         10/17/2019--Passed the
                                                                                          House by record vote
                                                                                          229-186.
H.R. 1830.......................  National Purple        3/18/2019  Rep. Maloney, Sean   9/19/2019--Passed in
                                   Heart Hall of                     Patrick [D-NY-18].   the House by voice
                                   Honor                                                  vote.
                                   Commemorative Coin                                    11/16/2020--Concurred
                                   Act.                                                   in the Senate
                                                                                          Amendment by voice
                                                                                          vote.
                                                                                         12/22/2020--Became
                                                                                          Public Law 116-247.
H.R. 1850.......................  Palestinian            3/21/2019  Rep. Mast, Brian [R- 7/22/2019--Committee
                                   International                     FL-18].              waived consideration.
                                   Terrorism Support                                     7/23/2019--Passed in
                                   Prevention Act of                                      the House by voice
                                   2019.                                                  vote.
H.R. 1856.......................  Ending Homelessness    3/25/2019  Rep. Waters, Maxine  3/28/2019--Ordered
                                   Act of 2019.                      [D-CA-43].           reported as amended by
                                                                                          the Committee by
                                                                                          record vote 33-26.
                                                                                         7/05/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-137, Part I.
H.R. 1876.......................  Senior Security Act    3/26/2019  Rep. Gottheimer,     4/30/2019--Passed by
                                   of 2019.                          Josh [D-NJ-5].       the House by record
                                                                                          vote 329-20.
H.R. 1923.......................  Circulating Coin       3/27/2019  Rep. Lee, Barbara    9/22/2019--Committee
                                   Redesign Act of                   [D-CA-13].           discharged and passed
                                   2020.                                                  the House with an
                                                                                          amendment by unanimous
                                                                                          consent.
                                                                                         1/1/2021--Became Public
                                                                                          Law 116-__.
H.R. 1957.......................  Great Outdoors Act.    3/28/2019  Rep. Lewis, John,    4/9/2019--Committee
                                                                     [D-GA-5].            discharged.
                                                                                         4/9/2019--Passed the
                                                                                          House by voice vote.
                                                                                         8/4/2020--Became Public
                                                                                          Law 116-152.
H.R. 1988/                        Protecting             3/28/2019  Rep. Scott, David    5/8/2019--Ordered
  S. 1749.......................   Affordable                        [D-GA-13]/           reported as amended by
                                   Mortgages for                      Sen. Sinema,        the Committee by voice
                                   Veterans Act of                   Krysten [D-AZ].      vote.
                                   2019.                                                 7/9/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-1138, part I.
                                                                                         7/9/2019--Passed the
                                                                                          House, as amended, by
                                                                                          voice vote.
                                                                                         7/25/2019--Became
                                                                                          Public Law 116-65.
H.R. 2162.......................  Housing Financial       4/9/2019  Rep. Beatty, Joyce   6/11/2019--Ordered
                                   Literacy Act of                   [D-OH-3].            reported as amended by
                                   2019.                                                  the Committee by
                                                                                          record vote 53-6.
                                                                                         7/9/2019--Passed the
                                                                                          House, as amended, by
                                                                                          voice vote.
H.R. 2290.......................  Shutdown Guidance      4/10/2019  Rep. Wexton,         9/19/2019--Passed in
                                   for Financial                     Jennifer [D-VA-10].  the House by voice
                                   Institutions Act.                                      vote.
H.R. 2398.......................  Veterans House Act.    4/30/2019  Rep. Peters, Scott   11/14/2019--Ordered
                                                                     [D-CA-52].           reported by the
                                                                                          Committee by record
                                                                                          vote 54-0.
                                                                                         1/21/2020--Passed the
                                                                                          House, as amended, by
                                                                                          record vote 362-31.
                                                                                         1/1/2021--Became law as
                                                                                          part of Public Law 116-
                                                                                          __. (H.R. 6395, NDAA).
H.R. 2409.......................  Expanding Access to    4/30/2019  Rep. Axne, Cynthia   5/8/2019--Ordered
                                   Capital for Rural                 [D-IA-3].            reported by the
                                   Job Creators Act.                                      Committee by voice
                                                                                          vote.
                                                                                         7/9/2019--Passed the
                                                                                          House, as amended, by
                                                                                          record vote 413-7.
H.R. 2423.......................  Women's Suffrage       4/30/2019  Rep. Stefanik,       10/28/2019--Passed the
                                   Centennial                        Elise M. [R-NY-21].  House by voice vote.
                                   Commemorative Coin                                    11/25/2019--Became
                                   Act.                                                   Public Law 116-71.
H.R. 2513.......................  Corporate               5/3/2019  Rep. Maloney,        6/11/2019--Ordered
                                   Transparency Act                  Carolyn B. [D-NY-    reported as amended by
                                   of 2019.                          12].                 the Committee by
                                                                                          record vote 43-16.
                                                                                         10/8/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-227.
                                                                                         10/22/2019--Passed the
                                                                                          House by record vote
                                                                                          249-173.
                                                                                         1/1/2021--Became law as
                                                                                          part of Public Law 116-
                                                                                          __ (H.R. 6395, NDAA).
H.R. 2514.......................  Coordinating            5/3/2019  Rep. Cleaver,        6/11/2019--Ordered
                                   Oversight,                        Emanuel [D-MO-5].    reported as amended by
                                   Upgrading and                                          the Committee by voice
                                   Innovating                                             vote.
                                   Technology, and                                       10/21/2019--Reported as
                                   Examiner Reform                                        amended by the
                                   Act of 2019.                                           Committee, H. Report
                                                                                          116-245, Part I.
                                                                                         10/28/2019--Passed the
                                                                                          House by voice vote.
                                                                                         1/1/2021--Became law as
                                                                                          part of Public Law 116-
                                                                                          __ (H.R. 6395, NDAA).
H.R. 2515.......................  Whistleblower           5/3/2019  Rep. Green, Al [D-   5/8/2019--Ordered
                                   Protection Reform                 TX-9].               reported by the
                                   Act of 2019.                                           Committee by voice
                                                                                          vote.
                                                                                         7/9/2019--Passed the
                                                                                          House, as amended, by
                                                                                          record vote 410-12.
H.R. 2534.......................  Insider Trading         5/7/2019  Rep. Himes, James    5/9/2019--Ordered
                                   Prohibition Act.                  A. [D-CT-4].         reported by the
                                                                                          Committee by voice
                                                                                          vote.
                                                                                         9/27/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-219.
                                                                                         12/05/2019--Passed the
                                                                                          House, as amended, by
                                                                                          record vote 410-13.
H.R. 2548.......................  Hazard Eligibility      5/7/2019  Rep. Fletcher,       12/12/2019--Committee
                                   and Local Projects                Lizzie [D-TX-7].     Discharged.
                                   Act.                                                  12/16/2019--Passed the
                                                                                          House as amended by
                                                                                          record vote 409-7.
H.R. 2578/                        National Flood          5/8/2019  Rep. Waters, Maxine  5/14/2019--Passed the
  S. 1693.......................   Insurance Program                 [D-CA-43].           House by voice vote.
                                   Extension Act of                                      5/31/2019--Became law
                                   2019.                                                  as Public Law 116-19.
H.R. 2613.......................  Advancing               5/9/2019  Rep. Gonzalez,       09/19/2019--Passed the
                                   Innovation to                     Anthony [R-OH-16].   House.
                                   Assist Law                                            1/1/2021--Became law as
                                   Enforcement Act.                                       part of Public Law 116-
                                                                                          __ (H.R. 6395, NDAA).
H.R. 2763.......................  Keeping Families       5/15/2019  Rep. Garcia, Sylvia  6/11/2019--Ordered
                                   Together Act of                   R. [D-TX-29].        reported as amended by
                                   2019.                                                  the Committee by 32-
                                                                                          26.
                                                                                         9/6/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-196.
H.R. 2852.......................  Homebuyer              5/20/2019  Rep. Sherman, Brad   7/11/2019--Ordered
                                   Assistance Act of                 [D-CA-30].           reported by the
                                   2019.                                                  Committee by voice
                                                                                          vote.
                                                                                         9/10/2019--Passed the
                                                                                          House, as amended, by
                                                                                          record vote 419-5.
H.R. 2919.......................  Improving              5/22/2019  Rep. Huizenga, Bill  07/09/2019--Passed the
                                   Investment                        [R-MI-2].            House by voice vote.
                                   Research for Small                                    12/27/2020--Became law
                                   and Emerging                                           as part of Public Law
                                   Issuers Act.                                           116-__ (H.R. 133,
                                                                                          Appropriations 2021).
H.R. 3018.......................  Ensuring Equal         5/23/2019  Rep. Wexton,         6/11/2019--Ordered
                                   Access to Shelter                 Jennifer [D-VA-10].  reported as amended by
                                   Act of 2019.                                           the Committee by
                                                                                          record vote 33-26.
                                                                                         8/13/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-185.
H.R. 3050.......................  Expanding              5/30/2019  Rep. Steil, Bryan    07/09/2019--Passed the
                                   Investment in                     [R-WI-1].            House 417-2.
                                   Small Businesses                                      12/27/2020--Became law
                                   Act of 2019.                                           as part of Public Law
                                                                                          116-__ (H.R. 133,
                                                                                          Appropriations 2021).
H.R. 3111.......................  National Flood          6/5/2019  Rep. Velazquez,      6/11/2019--Ordered
                                   Insurance Program                 Nydia M. [D-NY-7].   reported as amended by
                                   Administrative                                         the Committee by
                                   Reform Act of 2019.                                    record vote 58-0.
                                                                                         10/28/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-261.
H.R. 3141.......................  FHA Loan                6/5/2019  Rep. Phillips, Dean  6/11/2019--Ordered
                                   Affordability Act                 [D-MN-3].            reported as amended by
                                   of 2019.                                               the Committee by
                                                                                          record vote 34-25.
                                                                                         11/12/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-282.
H.R. 3151.......................  Taxpayers First Act     6/6/2019  Rep. Lewis, John [D- 6/7/2019--Committee
                                                                     GA-5].               waived consideration.
                                                                                         6/11/2019--Passed the
                                                                                          House by voice vote.
                                                                                         7/1/2019--Became Public
                                                                                          Law 116-125.
H.R. 3154.......................  Homeownership for       6/6/2019  Rep. Vargas, Juan    6/11/2019--Ordered
                                   DREAMers Act.                     [D-CA-51].           reported as amended by
                                                                                          the Committee by
                                                                                          record vote 33-25.
                                                                                         9/6/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-197.
H.R. 3167.......................  National Flood         6/10/2019  Rep. Waters, Maxine  6/11/2019--Ordered
                                   Insurance Program                 [D-CA-43].           reported as amended by
                                   Reauthorization                                        the Committee by
                                   Act of 2019.                                           record vote 59-0.
                                                                                         10/28/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-262, Part I.
H.R. 3190.......................  Burma Unified          6/11/2019  Rep. Engel, Eliot    9/23/2019--Committee
                                   through Rigorous                  [D-NY-16].           waived consideration.
                                   Military                                              9/24/2019--Passed the
                                   Accountability Act.                                    House by record vote
                                                                                          394-21.
H.R. 3279.......................  Diversity in           6/13/2019  Rep. Maloney,        7/11/2019--Ordered
                                   Corporate                         Carolyn B. [D-NY-    reported as amended by
                                   Leadership Act of                 12].                 record vote 52-6.
                                   2019.
H.R. 3289.......................  Hong Kong Human        6/21/2019  Rep. Smith,          10/08/2019--Committee
                                   Rights and                        Christopher H. [R-   waived consideration.
                                   Democracy Act.                    NJ-4].              10/15/2019--Passed the
                                                                                          House by voice vote.
H.R. 3490.......................  Small Business         6/25/2019  Rep. Velazquez,      11/14/2019--Ordered
                                   Lending Fairness                  Nydia M. [D-NY-7].   reported as amended by
                                   Act.                                                   the Committee by
                                                                                          record vote 31-23.
                                                                                         3/19/2020--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-417.
H.R. 3589.......................  Greg Lemond            6/27/2019  Rep. Thompson, Mike  9/19/2019--Passed the
                                   Congressional Gold                [D-CA-5].            House by voice vote.
                                   Medal Act.                                            12/4/2020--Became
                                                                                          Public Law 116-208.
H.R. 3614.......................  Restricting Credit     7/02/2019  Rep. Lawson, Al,     7/11/2019--Ordered
                                   Checks for                        Jr. [D-FL-5].        reported as amended by
                                   Employment                                             the Committee by
                                   Decisions Act.                                         record vote 32-26.
                                                                                         12/23/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-306.
                                                                                         1/29/2020--Passed as
                                                                                          part of H.R. 3621, the
                                                                                          Comprehensive CREDIT
                                                                                          Act.
H.R. 3618.......................  Free Credit Scores      7/5/2019  Rep. Beatty, Joyce   7/11/2019--Ordered
                                   for Consumers Act                 [D-OH-3].            reported as amended by
                                   of 2019.                                               the Committee by
                                                                                          record vote 32-26.
                                                                                         12/23/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-305.
                                                                                         1/29/2020--Passed as
                                                                                          part of H.R. 3621, the
                                                                                          Comprehensive CREDIT
                                                                                          Act.
H.R. 3619.......................  Appraisal Fee           7/5/2019  Rep. Clay, Wm. Lacy  7/11/2019--Ordered
                                   Transparency Act                  [D-MO-1].            reported as amended by
                                   of 2019.                                               the Committee by voice
                                                                                          vote.
                                                                                         7/16/2019--Reported as
                                                                                          amended by the
                                                                                          Committee by record
                                                                                          vote 33-25.
                                                                                         9/19/2019--Passed the
                                                                                          House, as amended, by
                                                                                          voice vote.
H.R. 3620.......................  Strategy and            7/5/2019  Rep. Clay, Wm. Lacy  7/11/2019--Ordered
                                   Investment in                     [D-MO-1].            reported as amended by
                                   Rural Housing                                          the Committee by
                                   Preservation Act                                       record vote 58-0.
                                   of 2019.                                              12/07/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-198.
                                                                                         9/10/2019--Passed the
                                                                                          House by voice vote.
H.R. 3621.......................  Comprehensive           7/5/2019  Rep. Pressley,       7/16/2019--Ordered
                                   CREDIT Act of 2020.               Ayanna [D-MA-7].     reported as amended by
                                                                                          the Committee by
                                                                                          record vote 34-25.
                                                                                         12/07/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-331.
                                                                                         1/29/2020--Passed the
                                                                                          House, as amended, by
                                                                                          record vote 221-189.
H.R. 3622.......................  Restoring Unfairly      7/5/2019  Rep. Tlaib, Rashida  7/11/2019--Ordered
                                   Impaired Credit                   [D-MI-13].           reported as amended by
                                   and Protecting                                         the Committee by
                                   Consumers Act.                                         record vote 32-26.
                                                                                         12/23/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-362.
                                                                                         1/29/2020--Passed as
                                                                                          part of H.R. 3621, the
                                                                                          Comprehensive CREDIT
                                                                                          Act.
H.R. 3623.......................  Climate Risk            7/5/2019  Rep. Casten, Sean    7/16/2019--Ordered
                                   Disclosure Act of                 [D-IL-6].            reported as amended by
                                   2019.                                                  the Committee by
                                                                                          record vote 34-25.
                                                                                         10/27/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-563, part I.
H.R. 3624.......................  Outsourcing             7/5/2019  Rep. Axne, Cynthia   7/16/2019--Ordered
                                   Accountability Act                [D-IA-3].            reported as amended by
                                   of 2019.                                               the Committee by
                                                                                          record vote 33-25.
                                                                                         10/04/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-220.
                                                                                         10/18/2019--Passed in
                                                                                          the House by record
                                                                                          vote 226-184.
H.R. 3629.......................  Clarity in Credit       7/9/2019  Rep. Lynch, Stephen  7/16/2019--Ordered
                                   Score Formation                   F. [D-MA-8].         reported as amended by
                                   Act of 2019.                                           the Committee by
                                                                                          record vote 33-25.
                                                                                         12/23/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-307.
                                                                                         1/29/2020--Passed as
                                                                                          part of H.R. 3621, the
                                                                                          Comprehensive CREDIT
                                                                                          Act.
H.R. 3641.......................  Stronger                7/9/2019  Rep. Porter, Katie   7/16/2019--Ordered
                                   Enforcement of                    [D-CA-45].           reported as amended by
                                   Civil Penalties                                        the Committee by
                                   Act of 2019.                                           record vote 33-25.
                                                                                         12/23/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-410.
H.R. 3642.......................  Improving Credit        7/9/2019  Rep. Adams, Alma S.  7/11/2019--Ordered
                                   Reporting for All                 [D-NC-12].           reported as amended by
                                   Consumers Act.                                         the Committee by voice
                                                                                          vote.
                                                                                         12/23/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-363.
                                                                                         1/29/2020--Passed as
                                                                                          part of H.R. 3621, the
                                                                                          Comprehensive CREDIT
                                                                                          Act.
H.R. 3701.......................  Strengthening Fraud    7/11/2019  Rep. Gonzalez,       7/16/2019--Ordered
                                   Protection                        Vicente [D-TX-15].   reported as amended by
                                   Provisions for SEC                                     the Committee by
                                   Enforcement Act of                                     record vote 30-25.
                                   2019.                                                 11/08/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-399.
H.R. 3702.......................  Reforming Disaster     7/11/2019  Rep. Green, Al [D-   9/20/2019--Ordered
                                   Recovery Act of                   TX-9].               reported as amended by
                                   2019.                                                  the Committee by
                                                                                          record vote 58-0.
                                                                                         11/18/2019--Passed in
                                                                                          the House by record
                                                                                          vote 290-118.
H.R. 3948.......................  Debt Collection        7/24/2019  Rep. Meeks,          11/14/2019--Ordered
                                   Practices                          Gregory W. [D-NY-   reported as amended by
                                   Harmonization Act.                5].                  the Committee by a
                                                                                          record vote 31-23.
                                                                                         12/16/2020--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-658.
H.R. 4029/                        Tribal Access to       7/25/2019  Rep. Heck, Denny [D- 9/20/2019--Ordered
  S. 2282.......................   Homeless                          WA-10].              reported as amended by
                                   Assistance Act.                                        the Committee by voice
                                                                                          vote.
                                                                                         11/18/2019--Passed in
                                                                                          the House by voice
                                                                                          vote.
                                                                                         12/27/2020--Became law
                                                                                          as part of Public Law
                                                                                          116-__ (H.R. 133,
                                                                                          Appropriations 2021).
H.R. 4067.......................  Financial Inclusion    7/25/2019  Rep. Scott, David    9/20/2019--Ordered
                                   in Banking Act of                 [D-GA-13].           reported by the
                                   2019.                                                  Committee by record
                                                                                          vote 55-0.
                                                                                         10/28/2019--Passed the
                                                                                          House by voice vote.
H.R. 4084.......................  Otto Warmbier North    7/26/2019  Rep. Barr, Andy [R-  12/20/2019--Became law
                                   Korea Nuclear                     KY-6].               as part of Public Law
                                   Sanctions Act of                                       116-92.
                                   2019.
H.R. 4104.......................  Negro Leagues          7/30/2019  Rep. Cleaver,        9/22/2020--Passed in
                                   Baseball                          Emanuel [D-MO-5].    the House by unanimous
                                   Centennial                                             consent.
                                   Commemorative Coin                                    12/4/2020--Became
                                   Act.                                                   Public Law 116-209.
H.R. 4242.......................  Greater                 9/6/2019  Rep. Velazquez,      9/20/2019--Ordered
                                   Accountability in                 Nydia M. [D-NY-7].   reported as amended by
                                   Pay Act.                                               the Committee by
                                                                                          record vote 31-21.
                                                                                         12/11/2020--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-336.
H.R. 4300.......................  Fostering Stable       9/12/2019  Rep. Dean,           9/20/2019--Ordered
                                   Housing                           Madeleine [D-PA-4].  reported as amended by
                                   Opportunities Act                                      the Committee by
                                   of 2019.                                               record vote 47-0.
                                                                                         11/18/2019--Passed in
                                                                                          the House by voice
                                                                                          vote.
                                                                                         12/27/2020--Became law
                                                                                          as part of Public Law
                                                                                          116-__ (H.R. 133,
                                                                                          Appropriations 2021).
H.R. 4302.......................  Homeless Assistance    9/12/2019  Rep. Sherman, Brad   9/20/2019--Ordered
                                   Act of 2019.                      [D-CA-30].           reported as amended by
                                                                                          the Committee by
                                                                                          record vote 49-0.
                                                                                         1/13/2020--Passed in
                                                                                          the House by voice
                                                                                          vote.
H.R. 4320.......................  Corporate              9/12/2019  Rep. Porter, Katie   9/20/2019--Ordered
                                   Management                        [D-CA-45].           reported as amended by
                                   Accountability Act                                     the Committee by
                                   of 2019.                                               record vote 31-22.
                                                                                         12/11/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-337.
H.R. 4328.......................  Protecting Innocent    9/13/2019  Rep. Waters, Maxine  9/20/2019--Ordered
                                   Consumers Affected                [D-CA-43].           reported as amended by
                                   by a Shutdown Act.                                     record vote 32-22.
                                                                                         1/29/2020--Passed as
                                                                                          part of H.R. 3621, the
                                                                                          Comprehensive CREDIT
                                                                                          Act.
                                                                                         12/8/2020--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-635.
H.R. 4329.......................  ESG Disclosure         9/13/2019  Rep. Vargas, Juan    9/20/2019--Ordered
                                   Simplification Act                [D-CA-51].           reported as amended by
                                   of 2019.                                               record vote 31-22.
                                                                                         1/7/2020--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-365.
H.R. 4335.......................  8-K Trading Gap Act    9/16/2019  Rep. Maloney,        9/20/2019--Ordered
                                   of 2019.                          Carolyn B. [D-NY-    reported by the
                                                                     12].                 Committee by record
                                                                                          vote 52-0.
                                                                                         1/13/2020--Passed the
                                                                                          House by record vote
                                                                                          384-7.
H.R. 4344.......................  Investor Protection    9/17/2019  Rep. McAdams, Ben    9/20/2019--Ordered
                                   and Capital                       [D-UT-4].            reported as amended by
                                   Markets Fairness                                       the Committee by
                                   Act.                                                   record vote 49-5.
                                                                                         11/18/2019--Passed in
                                                                                          the House by record
                                                                                          vote 314-95.
                                                                                         1/1/2021--Became law,
                                                                                          as amended, as part of
                                                                                          Public Law 116-__
                                                                                          (H.R. 6395, NDAA).
H.R. 4351.......................  Yes In My Backyard     9/17/2019  Rep. Heck, Denny [D- 2/28/20--Ordered
                                   Act.                              WA-10].              reported by the
                                                                                          Committee as amended
                                                                                          by voice vote.
                                                                                         3/2/2020--Passed in the
                                                                                          House by voice vote.
H.R. 4403.......................  Stop Debt              9/19/2019  Rep. Cleaver,        12/11/2019--Ordered
                                   Collection Abuse                  Emanuel [D-MO-5].    reported as amended by
                                   Act of 2019.                                           record vote 54-0.
                                                                                         12/15/2020--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-654.
H.R. 4458.......................  Cybersecurity and      9/24/2019  Rep. McHenry,        1/13/2020--Passed the
                                   Financial System                  Patrick T. [R-NC-    House by voice vote.
                                   Resilience Act of                 10].                12/27/20--Became law as
                                   2019.                                                  part of Public Law 116-
                                                                                          __ (H.R. 133,
                                                                                          Appropriations 2021).
H.R. 4545.......................  Private Loan           9/27/2019  Rep. Dean,           12/11/2019--Ordered
                                   Disability                        Madeleine [D-PA-4].  reported as amended by
                                   Discharge Act of                                       record vote 32-25.
                                   2019.                                                 12/21/2020--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-682, Part 1.
H.R. 4634.......................  Terrorism Risk        10/11/2019  Rep. Waters, Maxine  10/31/2019--Ordered
                                   Insurance Program                 [D-CA-43].           reported as amended by
                                   Reauthorization                                        the Committee by
                                   Act of 2019.                                           record vote 57-0.
                                                                                         11/15/2019--Passed in
                                                                                          the House by record
                                                                                          vote 365-22.
                                                                                         12/20/2019--Became law
                                                                                          as part of Public Law
                                                                                          116-94.
H.R. 4644.......................  Libya Stabilization   10/11/2019  Rep. Deutsch,        11/17/2020--Committee
                                   Act.                              Theodore E. [D-FL-   discharged.
                                                                     22].                11/20/2020--Passed the
                                                                                          House as amended by
                                                                                          voice vote.
H.R. 4695.......................  PACT Act...........   10/16/2019  Rep. Engel, Eliot    10/29/2019--Committee
                                                                     [D-NY-16].           waived consideration.
                                                                                         10/29/2019--Passed the
                                                                                          House by record vote
                                                                                          403-16.
H.R. 4841.......................  Prudential            10/23/2019  Rep. Phillips, Dean  10/31/2019--Ordered
                                   Regulator                         [D-MN-3].            reported as amended by
                                   Oversight Act.                                         the Committee by
                                                                                          record vote 55-0.
                                                                                         11/15/2019--Passed the
                                                                                          House by voice vote.
H.R. 4860.......................  Crowdfunding          10/28/2019  Rep. McHenry,        10/28/2019--Passed the
                                   Amendments Act.                   Patrick T. [R-NC-    House by voice vote.
                                                                     10].
H.R. 4863.......................  United States         10/28/2019  Rep. Waters, Maxine  10/31/2019--Ordered
                                   Export Finance                    [D-CA-43].           reported as amended by
                                   Agency Act of 2019.                                    the Committee by
                                                                                          record vote 30-27.
                                                                                         11/08/2019--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-271.
                                                                                         11/15/2019--Passed in
                                                                                          the House by record
                                                                                          vote 235-184.
                                                                                         12/20/2019--Became law
                                                                                          as amended as part of
                                                                                          Public Law 116-94.
H.R. 5001.......................  Non-Judicial           11/8/2019  Rep. Clay, Wm. Lacy  11/14/2019--Ordered
                                   Foreclosure Debt                  [D-MO-1].            reported as amended by
                                   Collection                                             the Committee by
                                   Clarification Act.                                     record vote 31-23.
                                                                                         12/10/2020--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-638.
H.R. 5003.......................  Fair Debt              11/8/2019  Rep. Dean,           11/14/2019--Ordered
                                   Collection                        Madeleine [D-PA-4].  reported by the
                                   Practices for                                          Committee by record
                                   Servicemembers Act.                                    vote 54-0.
                                                                                         3/2/2020--Passed the
                                                                                          House, as amended, by
                                                                                          record vote 355-0.
H.R. 5013.......................  Small Business Fair    11/8/2019  Rep. Lawson, Al,     11/14/2019--Ordered to
                                   Debt Collection                   Jr. [D-FL-5].        be Reported as amended
                                   Protection Act.                                        by the Committee by
                                                                                          record vote 31-23.
                                                                                         12/16/2020--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-656.
H.R. 5021.......................  Ending Debt            11/8/2019  Rep. Pressley,       11/14/2019--Ordered
                                   Collection                        Ayanna [D-MA-7].     reported as amended by
                                   Harassment Act of                                      the Committee by 31-
                                   2019.                                                  23.
                                                                                         3/19/2020--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-418.
H.R. 5038.......................  Farm Work             11/12/2019  Rep. Lofgren, Zoe    12/09/2020--Committee
                                   Modernization Act                 [D-CA-19].           discharged.
                                   of 2019.                                              12/11/2019--Passed the
                                                                                          House by record vote
                                                                                          260-165.
H.R. 5051.......................  Accountability for    11/12/2019  Rep. Gonzalez,       1/1/2021--Became law as
                                   World Bank Loans                  Anthony [R-OH-16].   part of Public Law 116-
                                   to China Act of                                        __ (H.R. 6395, NDAA).
                                   2019.
H.R. 5084.......................  Improving Corporate    12/4/2019  Rep. Meeks,          11/19/2019--Passed the
                                   Governance Through                 Gregory W. [D-NY-   House, as amended, by
                                   Diversity Act of                  5].                  record vote 281-135.
                                   2019.
H.R. 5187.......................  Housing is            11/20/2019  Rep. Waters, Maxine  2/28/2020--Ordered to
                                   Infrastructure Act                [D-CA-43].           be Reported as amended
                                   of 2019.                                               by record vote 33-25.
                                                                                         12/24/2020--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-686.
                                                                                         7/1/2020--Passed as
                                                                                          part of H.R. 2 by
                                                                                          record vote 233-188.
H.R. 5287.......................  Fair Student Loan      12/3/2019  Rep. Lawson, Al,     12/10/19--Ordered
                                   Debt Collection                   Jr. [D-FL-5].        reported as amended by
                                   Practices Act.                                         the Committee by
                                                                                          record vote 32-24.
H.R. 5294.......................  Student Borrower       12/3/2019  Rep. Adams, Alma S.  12/11/2019--Ordered to
                                   Protections Act of                [D-NC-12].           be Reported as amended
                                   2019.                                                  by the Yeas and Nays:
                                                                                          32-26.
H.R. 5315.......................  Expanding              12/5/2019  Rep. Beatty, Joyce   12/11/2019--Ordered
                                   Opportunity for                   [D-OH-3].            reported by the
                                   MDIs.                                                  Committee as amended
                                                                                          by record vote 57-0.
                                                                                         1/13/2020--Passed in
                                                                                          the House by voice
                                                                                          vote.
H.R. 5322.......................  Ensuring Diversity     12/5/2019  Rep. Meeks,          12/11/2019--Ordered
                                   in Community                       Gregory W. [D-NY-   reported by the
                                   Banking Act.                      5].                  Committee by record
                                                                                          vote 52-0.
                                                                                         9/21/2020--Passed the
                                                                                          House, as amended, by
                                                                                          voice vote.
H.R. 5330.......................  Consumer Protection    12/5/2019  Rep. Tlaib, Rashida  12/11/2019--Ordered to
                                   for Medical Debt                  [D-MI-13].           be Reported as amended
                                   Collections Act.                                       by record vote 31-24.
                                                                                         12/15/2020--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-653.
H.R. 5332.......................  Protecting Your        12/6/2019  Rep. Gottheimer,     12/11/2019--Ordered
                                   Credit Score Act                  Josh [D-NJ-5].       reported as amended by
                                   of 2020.                                               the Committee by 31-
                                                                                          24.
                                                                                         3/12/2020--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-416.
                                                                                         6/29/2020--Passed the
                                                                                          House by record vote
                                                                                          234-179.
H.R. 5430.......................  United States-        12/31/2019  Rep. Hoyer, Steny    12/19/2019--Committee
                                   Mexico-Canada                     [D-MD-5].            Discharged
                                   Agreement                                             12/19/2019--Passed the
                                   Implementation Act.                                    House by record vote
                                                                                          385-41.
                                                                                         1/29/2020--Became
                                                                                          Public Law 116-113.
H.R. 5671.......................  Merchant Mariners      1/24/2020  Rep. Garamendi,      1/27/2020--Passed in
                                   of World War II                   John [D-CA-3].       the House by voice
                                   Congressional Gold                                     vote.
                                   Medal Act of 2020.                                    3/13/2020--Became
                                                                                          Public Law 116-125.
H.R. 5698.......................  Promoting Secure 5G    1/28/2020  Rep. Timmons,        09/21/2020--Passed the
                                   Act.                              William R. IV [R-    House by voice vote.
                                                                     SC-4].
H.R. 5929.......................  Shareholder            2/21/2020  Rep. Foster, Bill    2/28/2020--Ordered
                                   Political                         [D-IL-11].           reported as amended by
                                   Transparency Act                                       record vote 33-25.
                                   of 2020.                                              12/8/2020--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-632.
H.R. 5930.......................  Workforce              2/21/2020  Rep. Axne, Cynthia   2/28/2020--Ordered to
                                   Investment                        [D-IA-3].            be Reported as amended
                                   Disclosure Act of                                      by record vote 33-25.
                                   2020.                                                 12/8/2020--Reported as
                                                                                          amended by the
                                                                                          Committee, H. Report
                                                                                          116-634.
H.R. 5931.......................  Improving FHA          2/21/2020  Rep. Clay, Wm. Lacy  2/28/2020--Ordered
                                   Support for Small                 [D-MO-1].            reported by the
                                   Dollar Mortgages                                       Committee by record
                                   Act of 2020.                                           vote 48-0.
                                                                                         9/21/2020--Passed the
                                                                                          House, as amended, by
                                                                                          voice vote.
H.R. 5932.......................  The Ensuring           2/21/2020  Rep. Hill, J.        03/02/2020--Passed the
                                   Chinese Debt                      French [R-AR-2].     House by record vote
                                   Transparency Act                                       356-0.
                                   of 2020.                                              1/1/2021--Became law as
                                                                                          amended as part of
                                                                                          Public Law 116-__
                                                                                          (H.R. 6395, NDAA).
H.R. 6014.......................  Employment Fairness    3/19/2020  Rep. Tipton, Scott   12/_/2020--Became law
                                   for Taiwan Act.                   R. [R-CO-3].         as amended as part of
                                                                                          Public Law 116-__
                                                                                          (H.R. 6395, NDAA).
H.R. 6192.......................  1921 Silver Dollar     3/11/2020  Rep. Barr, Andy [R-  09/22/2020--Passed the
                                   Coin Anniversary                  KY-6].               House by unanimous
                                   Act.                                                   consent.
H.R. 6210.......................  Uyghur Forced Labor    3/11/2020  Rep. McGovern,       9/22/2019--Committee
                                   Prevention Act.                   James P. [D-MA-2].   waived consideration.
                                                                                         9/22/2019--Passed the
                                                                                          House by record vote
                                                                                          406-3.
H.R. 6270.......................  Uyghur Forced Labor    3/31/2020  Rep. Wexton,         9/30/2020--Passed the
                                   Disclosure Act of                 Jennifer [D-VA-10].  House by a record vote
                                   2020.                                                  253-163.
H.R. 6294.......................  Improving Emergency    3/19/2020  Rep. Tipton, Scott   09/21/2020--Passed the
                                   Disease Response                  R. [R-CO-3].         House by voice vote.
                                   via Housing Act of
                                   2020.
H.R. 6314.......................  Emergency Rental       3/23/2019  Rep. Heck, Denny [D- 5/15/2020--Passed as
                                   Assistance Act of                 WA-10].              part of H.R. 6800, the
                                   2020.                                                  Heroes Act.
                                                                                         6/29/20--Passed as part
                                                                                          of H.R. 7301, the
                                                                                          Emergency Housing
                                                                                          Protections and Relief
                                                                                          Act.
                                                                                         10/1/2020--Passed as
                                                                                          part of H.R. 925, the
                                                                                          Heroes Act.
H.R. 6316.......................  Emergency Relief       3/23/2019  Rep. Dean,           5/15/2020--Passed the
                                   for Student                       Madeleine [D-PA-4].  House, as amended, as
                                   Borrowers Act of                                       part of H.R. 6800, the
                                   2020.                                                  Heroes Act.
                                                                                         10/1/2020--Passed the
                                                                                          House, as amended, as
                                                                                          part of H.R. 925, the
                                                                                          Heroes Act.
H.R. 6319.......................  To establish a         3/23/2019  Rep. Phillips, Dean  3/27/2020--Provisions
                                   Congressional                     [D-MN-3].            from this legislation
                                   COVID-19 Aid                                           became law as part of
                                   Oversight Panel,                                       Public Law 116-136
                                   to authorize the                                       (CARES Act).
                                   Special Inspector
                                   General for the
                                   Troubled Asset
                                   Relief Program to
                                   coordinate audits
                                   and investigations
                                   in connection with
                                   the receipt of
                                   Federal aid
                                   related to COVID-
                                   19, and for other
                                   purposes.
H.R. 6321.......................  Financial              3/23/2020  Rep. Waters, Maxine  3/27/2020--Provisions
                                   Protections and                   [D-CA-43].           from this legislation
                                   Assistance for                                         became law as part of
                                   America's                                              Public Law 116-136
                                   Consumers, States,                                     (CARES Act).
                                   Businesses, and
                                   Vulnerable
                                   Populations Act
                                   (including
                                   provisions related
                                   to financial
                                   support for the
                                   economy, housing
                                   assistance, and
                                   authorizations for
                                   international
                                   financial
                                   institutions).
H.R. 6327.......................  To authorize United    3/23/2019  Rep. Cleaver,        3/27/2020--Provisions
                                   States                            Emanuel [D-MO-5].    from this legislation
                                   participation in,                                      became law as part of
                                   and contributions                                      Public Law 116-136
                                   to, the Nineteenth                                     (CARES Act).
                                   Replenishment of
                                   the resources of
                                   the International
                                   Development
                                   Association, the
                                   Fifteenth
                                   Replenishment of
                                   the resources of
                                   the African
                                   Development Fund,
                                   and the seventh
                                   capital increase
                                   of the African
                                   Development Bank.
H.R. 6328.......................  Emergency Relief       3/23/2019  Rep. Tlaib, Rashida  5/15/2020--Passed the
                                   for State,                        [D-MI-13].           House, as amended, as
                                   Territorial and                                        part of H.R. 6800, the
                                   Local Governments                                      Heroes Act.
                                   Act of 2020.                                          10/1/2020--Passed the
                                                                                          House, as amended, as
                                                                                          part of H.R. 925, the
                                                                                          Heroes Act.
H.R. 6330.......................  Coronavirus Housing    3/23/2019  Rep. Axne, Cynthia   5/15/2020--Passed, as
                                   Counseling Support                [D-IA-3].            amended, as part of
                                   Act.                                                   H.R. 6800, the Heroes
                                                                                          Act.
                                                                                         6/29/2020--Passed, as
                                                                                          amended, as part of
                                                                                          H.R. 7301, the
                                                                                          Emergency Housing
                                                                                          Protections and Relief
                                                                                          Act.
                                                                                         10/1/2020--Passed, as
                                                                                          amended, as part of
                                                                                          H.R. 925, the Heroes
                                                                                          Act.
H.R. 6332.......................  Relief for             3/23/2019  Rep. Beatty, Joyce   5/15/2020--Passed the
                                   Consumers During                  [D-OH-3].            House, as amended, as
                                   COVID-19 Act of                                        part of H.R. 6800, the
                                   2020.                                                  Heroes Act.
                                                                                         10/1/2020--Passed the
                                                                                          House, as amended, as
                                                                                          part of H.R. 925, the
                                                                                          Heroes Act.
H.R. 6340.......................  To provide for         3/23/2019  Rep. Clay, Wm. Lacy  3/27/2020--Became law,
                                   mortgage                          [D-MO-1].            as amended, as part of
                                   forbearance during                                     Public Law 116-136
                                   the COVID-19                                           (CARES Act).
                                   emergency, and for
                                   other purposes.
H.R. 6358.......................  To authorize           3/23/2019  Rep. Lynch, Stephen  3/27/2020--Became law,
                                   supplemental                      F. [D-MA-8].         as amended, as part of
                                   appropriations for                                     Public Law 116-136
                                   fiscal year 2020                                       (CARES Act).
                                   for community                                         5/15/2020--Passed as
                                   development block                                      part of H.R. 6800, the
                                   grants, and for                                        Heroes Act.
                                   other purposes.                                       10/1/2020--Passed as
                                                                                          part of H.R. 925, the
                                                                                          Heroes Act.
H.R. 6361.......................  Relief for Small       3/23/2019  Rep. Perlmutter, Ed  5/15/2020--Passed the
                                   Businesses and                    [D-CO-7].            House, as amended, as
                                   Nonprofits Act.                                        part of H.R. 6800, the
                                                                                          Heroes Act.
                                                                                         10/1/2020--Passed the
                                                                                          House, as amended, as
                                                                                          part of H.R. 925, the
                                                                                          Heroes Act.
H.R. 6362.......................  Public Health          3/23/2019  Rep. Pressley,       5/15/2020--Passed as
                                   Emergency Shelter                 Ayanna [D-MA-7].     part of H.R. 6800, the
                                   Act of 2020.                                           Heroes Act.
                                                                                         6/29/2020--Passed as
                                                                                          part of H.R. 7301, the
                                                                                          Emergency Housing
                                                                                          Protections and Relief
                                                                                          Act,
                                                                                         10/1/2020--Passed as
                                                                                          part of H.R. 925, the
                                                                                          Heroes Act.
H.R. 6368.......................  State Housing          3/23/2019  Rep. Scott, David    5/15/2020--Passed as
                                   Relief Act of 2020.               [D-GA-13].           part of H.R. 6800, the
                                                                                          Heroes Act.
                                                                                         6/29/2020--Passed has
                                                                                          part of H.R. 7301, the
                                                                                          Emergency Housing
                                                                                          Protections and Relief
                                                                                          Act.
                                                                                         10/1/2020--Passed as
                                                                                          part of H.R. 925, the
                                                                                          Heroes Act.
H.R. 6370.......................  Disaster Protection    3/23/2019  Rep. Sherman, Brad   5/15/2020--Passed the
                                   for Workers'                      [D-CA-30].           House, as amended, as
                                   Credit Act.                                            part of H.R. 6800, the
                                                                                          Heroes Act.
                                                                                         10/1/2020--Passed the
                                                                                          House, as amended, as
                                                                                          part of H.R. 925, the
                                                                                          Heroes Act.
H.R. 6373.......................  To increase the        3/23/2020  Rep. Vargas, Juan    3/27/2020--Became law,
                                   amount available                  [D-CA-51].           as amended, as part of
                                   under the Defense                                      Public Law 116-136
                                   Production Act of                                      (CARES Act).
                                   1950 to respond to
                                   the coronavirus
                                   epidemic, and for
                                   other purposes.
H.R. 6380.......................  To temporarily         3/25/2020  Rep. Green, Al [D-   10/1/2020--Passed the
                                   provide for                       TX-9].               House, as amended, as
                                   Federal insurance                                      part of H.R. 925, the
                                   of transaction                                         Heroes Act.
                                   accounts during
                                   the COVID-19
                                   emergency.
H.R. 6381.......................  To require the         3/24/2019  Rep. Green, Al [D-   3/27/2020--Became law,
                                   Board of Governors                TX-9].               as amended, as part of
                                   of the Federal                                         Public Law 116-136
                                   Reserve System to                                      (CARES Act).
                                   provide zero-
                                   interest loans to
                                   minority
                                   depository
                                   institutions and
                                   community
                                   development
                                   financial
                                   institutions to
                                   combat COVID-19,
                                   and for other
                                   purposes.
H.R. 6382.......................  Fair Housing           3/24/2019  Rep. Green, Al [D-   5/15/2020--Passed the
                                   Enforcement                       TX-9].               House, as amended, as
                                   Emergency Act of                                       part of H.R. 6800, the
                                   2020.                                                  Heroes Act.
                                                                                         10/1/2020--Passed the
                                                                                          House, as amended, as
                                                                                          part of H.R. 925, the
                                                                                          Heroes Act.
H.R. 6387.......................  To correct             3/25/2020  Rep. Gonzalez,       5/15/2020--Passed the
                                   technical                         Vicente [D-TX-15].   House, as amended, as
                                   omissions relating                                     part of H.R. 6800, the
                                   to international                                       Heroes Act.
                                   financial                                             10/1/2020--Passed the
                                   cooperation, and                                       House, as amended, as
                                   for other purposes.                                    part of H.R. 925, the
                                                                                          Heroes Act.
                                                                                         12/27/2020--Became law,
                                                                                          as amended, as part of
                                                                                          Public Law 116-__
                                                                                          (H.R. 133,
                                                                                          Appropriations 2021).
H.R. 6423.......................  To provide for a       3/31/2020  Rep. Lawson, Al,     5/15/2020--Passed the
                                   temporary debt                    Jr. [D-FL-5].        House, as amended, as
                                   collection                                             part of H.R. 6800, the
                                   moratorium during                                      Heroes Act.
                                   the COVID-19                                          10/1/2020--Passed the
                                   emergency period,                                      House, as amended, as
                                   and for other                                          part of H.R. 925, the
                                   purposes.                                              Heroes Act.
                                                                                         12/_/2020--Became law
                                                                                          as part of Public Law
                                                                                          116-__ (H.R. 133,
                                                                                          Appropriations 2021).
H.R. 6551.......................  CARES Act Section      4/17/2020  Rep. Sherman, Brad   5/15/2020--Passed as
                                   4014 Technical                    [D-CA-30].           part of H.R. 6800, the
                                   Corrections Act.                                       Heroes Act.
                                                                                         6/29/2020--Passed as
                                                                                          part of H.R. 7301, the
                                                                                          Emergency Housing
                                                                                          Protections and Relief
                                                                                          Act.
                                                                                         10/1/2020--Passed as
                                                                                          part of H.R. 925, the
                                                                                          Heroes Act.
                                                                                         12/27/2020--Became law
                                                                                          as part of Public Law
                                                                                          116-__ (H.R. 133,
                                                                                          Appropriations 2021).
H.R. 6724.......................  Public Health           5/5/2020  Rep. Pressley,       5/15/2020--Passed, as
                                   Emergency Shelter                 Ayanna [D-MA-7].     amended, as part of
                                   Act of 2020.                                           H.R. 6800, the Heroes
                                                                                          Act.
                                                                                         6/29/2020--Passed, as
                                                                                          amended, as part of
                                                                                          H.R. 7301, the
                                                                                          Emergency Housing
                                                                                          Protections and Relief
                                                                                          Act.
                                                                                         10/1/2020--Passed, as
                                                                                          amended, as part of
                                                                                          H.R. 925, the Heroes
                                                                                          Act.
H.R. 6729.......................  COVID-19 Homeowner      5/5/2020  Rep. Scott, David    5/15/2020--Passed as
                                   Assistance Fund                   [D-GA-13].           part of H.R. 6800, the
                                   Act of 2020.                                           Heroes Act.
                                                                                         6/29/2020--Passed has
                                                                                          part of H.R. 7301, the
                                                                                          Emergency Housing
                                                                                          Protections and Relief
                                                                                          Act.
                                                                                         10/1/2020--Passed as
                                                                                          part of H.R. 925, the
                                                                                          Heroes Act.
H.R. 6735.......................  COVID-19 Fraud          5/8/2020  Rep. Axne,Cynthia    9/21/2020--Passed the
                                   Prevention Act.                   [D-IA-3].            House by voice vote.
H.R. 6736.......................  Protect Rural           5/8/2020  Rep. Axne, Cynthia   5/15/2020--Passed the
                                   Renters Act of                    [D-IA-3].            House, as amended, as
                                   2020.                                                  part of H.R. 6800, the
                                                                                          Heroes Act.
                                                                                         6/29/2020--Passed, as
                                                                                          amended, as part of
                                                                                          H.R. 7301, the
                                                                                          Emergency Housing
                                                                                          Protections and Relief
                                                                                          Act.
                                                                                         10/1/2020--Passed, as
                                                                                          amended, as part of
                                                                                          H.R. 925, the Heroes
                                                                                          Act.
H.R. 6741.......................  COVID-19 Mortgage       5/8/2020  Rep. Clay, Wm. Lacy  5/15/2020--Passed the
                                   Relief Act.                       [D-MO-1].            House, as amended, as
                                                                                          part of H.R. 6800, the
                                                                                          Heroes Act.
                                                                                         6/29/2020--Passed, as
                                                                                          amended, as part of
                                                                                          H.R. 7301, the
                                                                                          Emergency Housing
                                                                                          Protections and Relief
                                                                                          Act.
                                                                                         10/1/2020--Passed, as
                                                                                          amended, as part of
                                                                                          H.R. 925, the Heroes
                                                                                          Act.
H.R. 6760.......................  Fair Housing            5/8/2020  Rep. Green, Al [D-   5/15/2020--Passed the
                                   Further                           TX-9].               House, as amended, as
                                   Enforcement                                            part of H.R. 6800, the
                                   Emergency Act of                                       Heroes Act.
                                   2020.                                                 10/1/2020--Passed the
                                                                                          House, as amended, as
                                                                                          part of H.R. 925, the
                                                                                          Heroes Act.
H.R. 6789.......................  Access to Credit       5//8/2020  Rep. Sherman, Brad   5/15/2020--Passed as
                                   for Small                         [D-CA-30].           part of H.R. 6800, the
                                   Businesses                                             Heroes Act.
                                   Impacted by the                                       10/1/2020--Passed the
                                   COVID-19 Crisis                                        House, as amended, as
                                   Act of 2020.                                           part of H.R. 925, the
                                                                                          Heroes Act, by record
                                                                                          vote 214-207.
                                                                                         12/27/2020--Became law
                                                                                          as part of Public Law
                                                                                          116-__ (H.R. 133,
                                                                                          Appropriations 2021).
H.R. 6794.......................  Promoting Access to     5/8/2020  Rep. Vargas, Juan    5/15/2020--Passed as
                                   Credit for                        [D-CA-51].           part of H.R. 6800, the
                                   Homebuyers Act of                                      Heroes Act.
                                   2020.
H.R. 6800.......................  The Heroes Act         5/12/2020  Rep. Lowey, Nita P.  5/15/2020--Passed the
                                   (containing                       [D-NY-17].           House by record vote
                                   provisions within                                      208-199.
                                   the Committee's
                                   jurisdiction
                                   relating to
                                   economic
                                   stability, housing
                                   and other matters).
H.R. 6817.......................  To establish a         5/12/2020  Rep. Green, Al [D-   5/15/2020--Passed as
                                   payroll loan                      TX-9].               part of H.R. 6800, the
                                   facility for small                                     Heroes Act.
                                   financial                                             10/1/2020--Passed as
                                   institutions                                           part of H.R. 925, the
                                   affected by COVID-                                     Heroes Act.
                                   19, and for other
                                   purposes.
H.R. 6820.......................  Emergency Rental       5/12/2020  Rep. Heck, Denny [D- 5/15/2020--Passed as
                                   Assistance and                    WA-10].              part of H.R. 6800, the
                                   Rental Market                                          Heroes Act.
                                   Stabilization Act                                     6/29/2020--Passed the
                                   of 2020.                                               House, as amended, as
                                                                                          part of H.R. 7301, the
                                                                                          Emergency Housing
                                                                                          Protections and Relief
                                                                                          Act.
                                                                                         10/1/2020--Passed the
                                                                                          House, as amended, as
                                                                                          part of H.R. 925, the
                                                                                          Heroes Act.
                                                                                         12/27/2020--Became law,
                                                                                          as amended, as part of
                                                                                          Public Law 116-__
                                                                                          (H.R. 133,
                                                                                          Appropriations 2021).
H.R. 6827.......................  Corporate              5/12/2020  Rep. Ocasio-Cortez,  5/15/2020--Passed as
                                   Accountability Act.               Alexandria [D-NY-    part of H.R. 6800, the
                                                                     14].                 Heroes Act.
H.R. 6830.......................  To amend the Riegle    5/12/2020  Rep. Phillips, Dean  5/15/2020--Passed as
                                   Community                         [D-MN-3].            part of H.R. 6800, the
                                   Development and                                        Heroes Act.
                                   Regulatory
                                   Improvement Act of
                                   1994 to establish
                                   minimum issuance
                                   amounts under the
                                   CDFI Bond
                                   Guarantee Program,
                                   and for other
                                   purposes.
H.R. 6831.......................  To amend the CARES     5/12/2020  Rep. Phillips, Dean  5/15/2020--Passed as
                                   Act to authorize                  [D-MN-3].            part of H.R. 6800, the
                                   the Congressional                                      Heroes Act.
                                   Oversight
                                   Commission to
                                   submit
                                   discretionary
                                   reports to
                                   Congress, and for
                                   other purposes.
H.R. 6832.......................  To amend the CARES     5/12/2020  Rep. Phillips, Dean  5/15/2020--Passed the
                                   Act to authorize                  [D-MN-3].            House, as amended, as
                                   appropriations to                                      part of H.R. 6800, the
                                   carry out the                                          Heroes Act.
                                   duties of the                                         10/1/2020--Passed the
                                   Special Inspector                                      House, as amended, as
                                   General for                                            part of H.R. 925, the
                                   Pandemic Recovery,                                     Heroes Act.
                                   and for other
                                   purposes.
H.R. 6850.......................  Protect our Checks     5/13/2020  Rep. Meeks,          5/15/2020--Passed as
                                   Act of 2020.                       Gregory W. [D-NY-   part of H.R. 6800, the
                                                                     5].                  Heroes Act.
H.R. 6858.......................  COVID-19 Emergency     5/13/2020  Rep. Vargas, Juan    5/15/2020--Passed as
                                   Medical Supplies                  [D-CA-51].           part of H.R. 6800, the
                                   Enhancement Act of                                     Heroes Act.
                                   2020.                                                 6/29/2020--Passed as
                                                                                          part of H.R. 7301, the
                                                                                          Emergency Housing
                                                                                          Protections and Relief
                                                                                          Act.
                                                                                         10/1/2020--Passed as
                                                                                          part of H.R. 925, the
                                                                                          Heroes Act.
H.R. 6859.......................  Public Housing and     5/13/2020  Rep. Velazquez,      5/15/2020--Passed, as
                                   Section 8                         Nydia M. [D-NY-7].   amended, as part of
                                   Operational                                            H.R. 6800, the Heroes
                                   Response Act for                                       Act.
                                   COVID-19.                                             6/29/2020--Passed the
                                                                                          House, as amended, as
                                                                                          part of H.R. 7301, the
                                                                                          Emergency Housing
                                                                                          Protections and Relief
                                                                                          Act.
                                                                                         10/1/2020--Passed the
                                                                                          House, as amended, as
                                                                                          part of H.R. 925, the
                                                                                          Heroes Act.
H.R. 6867.......................  Housing Waiver         5/14/2020  Rep. Gonzalez,       10/1/2020--Passed the
                                   Flexibility Act of                Vicente [D-TX-15].   House, as amended, as
                                   2020.                                                  part of H.R. 925, the
                                                                                          Heroes Act.
                                                                                         6/29/2020--Passed the
                                                                                          House, as amended, as
                                                                                          part of H.R. 7301, the
                                                                                          Emergency Housing
                                                                                          Protections and Relief
                                                                                          Act.
H.R. 6868.......................  To amend the CARES     5/14/2020  Rep. Green, Al [D-   10/1/2020--Passed the
                                   Act to establish a                TX-9].               House, as amended, as
                                   Community Capital                                      part of H.R. 925, the
                                   Investment                                             Heroes Act.
                                   Program, and for                                      12/27/2020--Became law
                                   other purposes.                                        as part of Public Law
                                                                                          116-__ (H.R. 133,
                                                                                          Appropriations 2021).
H.R. 6873.......................  Emergency Housing      5/14/2020  Rep. Porter, Katie   10/1/2020--Passed the
                                   Assistance for                    [D-CA-45].           House, as part of H.R.
                                   Older Adults Act                                       925, the Heroes Act.
                                   of 2020.
H.R. 6874.......................  Paycheck Protection    5/14/2020  Rep. Porter, Katie   5/15/2020--Passed the
                                   Program                           [D-CA-45].           House, as amended, as
                                   Transparency Act                                       part of H.R. 6800, the
                                   of 2020.                                               Heroes Act.
                                                                                         10/1/2020--Passed the
                                                                                          House, as amended, as
                                                                                          part of H.R. 925, the
                                                                                          Heroes Act.
H.R. 6892.......................  To amend the CARES     5/15/2020  Rep. Beatty, Joyce   5/15/2020--Passed the
                                   Act to add                        [D-OH-3].            House, as part of H.R.
                                   requirements for                                       6800, the Heroes Act.
                                   the Main Street                                       10/1/2020--Passed as
                                   Lending Program                                        part of H.R. 925, the
                                   related to non-                                        Heroes Act.
                                   profit
                                   organizations,
                                   small businesses,
                                   minority
                                   depository
                                   institutions, and
                                   community
                                   development
                                   financial
                                   institutions, and
                                   for other purposes.
H.R. 6934.......................  Uniform Treatment      5/19/2020  Rep. Dean,           9/21/2020--Passed the
                                   of NRSROs Act.                    Madeleine [D-PA-4].  House by vote.
H.R. 7000/                        Holding Foreign        5/22/2020  Rep. Sherman, Brad   12/18/2020--Became law,
  S. 945........................   Companies                         [D-CA-30]/Sen.       as amended, as Public
                                   Accountable Act.                  Kennedy, John [R-    Law 116-222.
                                                                     LA].
H.R. 7084.......................  Emergency Housing       6/1/2020  Rep. Waters, Maxine  6/29/2020--Passed the
                                   Voucher Act of                    [D-CA-43].           House, as amended, as
                                   2020.                                                  part of H.R. 7301, the
                                                                                          Emergency Housing
                                                                                          Protections and Relief
                                                                                          Act.
                                                                                         10/1/2020--Passed as
                                                                                          part of H.R. 925, the
                                                                                          Heroes Act.
H.R. 7121.......................  To authorize            6/8/2020  Rep. Adams, Alma,    10/1/2020--Passed the
                                   appropriations for                [D-NC-12].           House, as amended, as
                                   the Community                                          part of H.R. 925, the
                                   Development                                            Heroes Act.
                                   Financial                                             12/27/2020--Became law,
                                   Institutions Fund                                      as amended, as part of
                                   providing                                              Public Law 116-__
                                   financial                                              (H.R. 133,
                                   assistance and                                         Appropriations 2021).
                                   technical
                                   assistance for the
                                   benefit of certain
                                   minority
                                   communities, and
                                   for other purposes.
H.R. 7301.......................  Emergency Housing      6/24/2020  Rep. Waters, Maxine  5/15/2020--Passed the
                                   Protections and                   [D-CA-43].           House, as amended, as
                                   Relief Act of 2020.                                    part of H.R. 6800, the
                                                                                          Heroes Act.
                                                                                         6/29/2020--Passed the
                                                                                          House, as amended, as
                                                                                          part of H.R. 7301, the
                                                                                          Emergency Housing
                                                                                          Protections and Relief
                                                                                          Act.
                                                                                         10/1/2020--Passed the
                                                                                          House, as amended, as
                                                                                          part of H.R. 925, the
                                                                                          Heroes Act.
                                                                                         12/27/2020--Became law,
                                                                                          as amended, as part of
                                                                                          Public Law 116-__
                                                                                          (H.R. 133,
                                                                                          Appropriations 2021).
H.R. 7402.......................  Protecting Renters     6/29/2020  Rep. Garcia, Jesus   6/29/2020--Passed the
                                   from Eviction and                 G. ``Chuy'' [D-IL-   House, as amended, as
                                   Fees Act of 2020.                 4].                  part of H.R. 7301, the
                                                                                          Emergency Housing
                                                                                          Protections and Relief
                                                                                          Act.
                                                                                         10/1/2020--Passed the
                                                                                          House, as amended, as
                                                                                          part of H.R. 925, the
                                                                                          Heroes Act.
                                                                                         12/27/2020--Became law
                                                                                          as part of Public Law
                                                                                          116-__ (H.R. 133,
                                                                                          Appropriations 2021).
H.R. 7440.......................  Hong Kong Autonomy      7/1/2020  Rep. Sherman, Brad   7/1/2020--Passed the
                                   Act.                              [D-CA-30].           House as amended by
                                                                                          Unanimous Consent.
                                                                                         7/14/2020--Became
                                                                                          Public Law No: 116-
                                                                                          149.
                                                                                         9/21/2020--Passed the
                                                                                          House by voice vote.
H.R. 7592.......................  STIFLE Act of 2020.    7/13/2020  Rep. McAdams, Ben    9/21/2020--Passed the
                                                                     [D-UT-4].            House by voice vote.
                                                                                         1/1/2021--Became law as
                                                                                          amended as part of
                                                                                          Public Law 116-__
                                                                                          (H.R. 6395, NDAA).
H.R. 7603.......................  Improving              7/13/2020  Rep. Taylor, Van [R- 1/1/2021--Became law as
                                   Congressional                     TX-3].               amended as part of
                                   Oversight Over                                         Public Law 116__ (H.R.
                                   CFIUS                                                  6395, NDAA).
                                   Determinations Act.
H.R. 7682.......................  Sudan Democratic       7/20/2020  Rep. Engel, Eliot,   1/1/2021--Became law as
                                   Transition,                       (D-NY-16).           amended as part of
                                   Accountability and                                     Public Law 116__ (H.R.
                                   Fiscal                                                 6395, NDAA)
                                   Transparency Act
                                   of 2020.
H.R. 7993.......................  Promoting and           8/7/2020  Rep. Waters, Maxine  12/27/2020--Became law
                                   Advancing                         [D-CA-43].           as part of Public Law
                                   Communities of                                         116-__ (H.R. 133,
                                   Color through                                          Appropriations 2021).
                                   Inclusive Lending
                                   Act.
H.R. 7995.......................  Coin Medal             8/11/2020  Rep. Amodei, Mark    12/02/2020--Passed the
                                   Modification                      [R-NV-2].            House by record vote
                                   Authorization and                                      343-41.
                                   Cost Savings Act
                                   of 2020.
H.R. 8326.......................  CED Act............    9/21/2020  Rep. Finkenauer,     11/13/2020--Committee
                                                                     Abby [D-IA-1].       waived consideration.
                                                                                         11/17/2020--Passed the
                                                                                          House by voice vote.
H.R. 8438.......................  Belarus Democracy,     9/29/2020  Rep. Smith,          11/18/2020--Passed the
                                   Human Rights and                  Christopher H. [R-   House by voice vote.
                                   Sovereignty Act.                  NJ-4].              12/27/2020--Became law
                                                                                          as amended as part of
                                                                                          Public Law 116-__
                                                                                          (H.R. 133,
                                                                                          Appropriations 2021).
H.R. 8794.......................  The Prevent Illicit   11/20/2020  Rep. Axne, Cynthia   1/1/2021--Became law as
                                   Finance Act.                      [D-IA-3].            amended as part of
                                                                                          Public Law 116-__
                                                                                          (H.R. 6395, NDAA).
H.R. 8796.......................  To direct the         11/20/2020  Rep. Casten, Sean    1/1/2021--Became law as
                                   Secretary of the                  [D-IL-6].            amended as part of
                                   Treasury and the                                       Public Law 116-__
                                   Attorney General                                       (H.R. 6395, NDAA).
                                   to jointly conduct
                                   a study on the
                                   efforts of
                                   authoritarian
                                   regimes in foreign
                                   countries to
                                   exploit the
                                   financial system
                                   of the United
                                   States, and for
                                   other purposes.
H.R. 8816.......................  To amend subchapter   11/24/2020  Rep. McAdams, Ben    1/1/2021--Became law as
                                   II of chapter 53                  [D-UT-4].            amended as part of
                                   of title 31,                                           Public Law 116-__
                                   United States Code                                     (H.R. 6395, NDAA).
                                   to require
                                   training for Bank
                                   Secrecy Act
                                   Federal examiners
                                   on anti-money
                                   laundering and
                                   countering the
                                   financing of
                                   terrorism, and for
                                   other purposes.
H.J. Res. 90....................  Providing for          6/11/2020  Rep. Waters, Maxine  6/26/2020--Passed the
                                   congressional                     [D-CA-43].           House by record vote
                                   disapproval under                                      230-179.
                                   chapter 8 of title
                                   5, United States
                                   Code, of the rule
                                   submitted by the
                                   Office of the
                                   Comptroller of the
                                   Currency relating
                                   to ``Community
                                   Reinvestment Act
                                   Regulations''.
S. 914..........................  Coordinated Ocean      3/27/2019  Sen. Rounds, Mike    12/3/2020--Passed the
                                   Observations and                  [R-SD].              House by voice vote.
                                   Research Act of                                       1/1/2021--Became Public
                                   2020.                                                  Law 116-__.
S. 2725.........................  Native American       10/29/2019  Sen. Rounds, Mike    12/27/2020--Became law
                                   Housing                           [R-SD].              as part of Public Law
                                   Affordability Act                                      116-__ (H.R. 133,
                                   of 2019.                                               Appropriations 2021).
----------------------------------------------------------------------------------------------------------------


      OVERSIGHT ACTIVITIES OF THE FULL COMMITTEE AND SUBCOMMITTEES

                  FULL COMMITTEE OVERSIGHT ACTIVITIES

    The Full Committee held 115 hearings during the 116th 
Congress, covering all of the areas of its jurisdiction. One of 
the key new elements of the Committee's work was the creation 
of a Subcommittee on Diversity and Inclusion and its focus on 
these issues during its oversight activities. Every Full 
Committee hearing touched in some way on these issues.

                       Covid-19 Pandemic Response

    The catastrophic and deadly Coronavirus 2019 (Covid-19) 
pandemic struck the United States during the 116th Congress, 
shifting the agenda of the Committee to examine the Trump 
Administration's overall response, with more specific topics 
addressed below. The Committee conducted the following hearings 
that examined the actions of the Administration. Prior to the 
adoption of House rules relating to remote or virtual hearings, 
the Committee held a number of briefings and virtual 
roundtables on the pandemic and its effects.
    On June 30, 2020, the Full Committee held a hearing 
entitled, ``Oversight of the Treasury's Department and Federal 
Reserve's Pandemic Response.'' Witnesses were the Secretary of 
the Treasury, Steven T. Mnuchin, and Chairman of the Federal 
Reserve, Jerome Powell.
    On July 23, 2020, the Full Committee held a hearing 
entitled, ``The Heroes Act: Providing for a Strong Economic 
Recovery from COVID-19.'' Witnesses were the Honorable Shaun 
Donovan, former Secretary, U.S. Department of Housing and Urban 
Development, and former Director, U.S. Office of Management and 
Budget; the Honorable Robert Reich, Carmel P. Friesen's 
Professor of Public Policy, Goldman School of Public Policy, 
University of California, Berkeley, and former Secretary, U.S. 
Department of Labor; Mr. John W. Rogers, Jr., Chairman, Co-CEO 
& Chief Investment Officer, Ariel Investments; and Mr. Steven 
Davis, Labor Economist, William H. Abbot Professor of 
International Business and Economics, The University of Chicago 
Booth School of Business.
    On September 10, 2020, the Full Committee held a hearing 
entitled, ``The Need for Financial Aid to America's States and 
Territories During the Pandemic: Supporting First Responders, 
Assisting Schools in Their Efforts to Safely Educate, and 
Preventing Mass Layoffs.'' Witnesses were the Honorable 
Michelle Lujan Grisham, Governor of New Mexico; the Honorable 
Tim Walz, Governor of Minnesota; the Honorable Laura Kelly, 
Governor, of Kansas; the Honorable Lourdes ``Lou'' Leon 
Guerrero, Governor of the Territory of Guam; and Douglas Holtz-
Eakin, President, American Action Forum.
    On September 22, 2020, the Full Committee held a hearing 
entitled, ``Oversight of the Treasury Department's and Federal 
Reserve's Pandemic Response.'' Witnesses were the Secretary of 
the Treasury, Steven T. Mnuchin, and Chairman of the Federal 
Reserve, Jerome Powell.
    On December 2, 2020, the Full Committee held a hearing 
entitled, ``Oversight of the Treasury Department's and Federal 
Reserve's Pandemic Response.'' Witnesses were the Secretary of 
the Treasury, Steven T. Mnuchin, and Chairman of the Federal 
Reserve, Jerome Powell.

Consumer Protection, Financial Institutions and Activities of Megabanks

    On February 26, 2019, the Full Committee held a two-panel 
hearing entitled, ``Who's Keeping Score? Holding Credit Bureaus 
Accountable and Repairing a Broken System.'' The witnesses for 
the first panel were Mr. Mark Begor, CEO, Equifax; and Mr. 
James M. Peck, President and CEO, TransUnion. The witnesses for 
the second panel were Ms. Lisa Rice, President and CEO, 
National Fair Housing Alliance; Ms. Chi Chi Wu, Staff Attorney, 
National Consumer Law Center; Ms. Jennifer Brown, Associate 
Director, Economic Policy, UnidosUS; Mr. Edmund Mierzwinski, 
Consumer Program Director, U.S. Public Interest Research Group; 
Mr. Thomas P. Brown, Partner, Paul Hastings; and Mr. Craig 
Boundy, CEO, Experian North America.
    On March 12, 2019, the Full Committee held a hearing 
entitled, ``Holding Megabanks Accountable: An Examination of 
Wells Fargo's Pattern of Consumer Abuses.'' The sole witness at 
this hearing was Timothy J. Sloan, President and Chief 
Executive Officer of Wells Fargo & Company.
    On April 10, 2019, the Full Committee held a hearing 
entitled, ``Holding Megabanks Accountable: A Review of Global 
Systemically Important Banks 10 years after the Financial 
Crisis.'' The witnesses were Mr. Michael L. Corbat, Chief 
Executive Officer, Citigroup; Mr. James Dimon, Chairman & Chief 
Executive Officer, JP Morgan Chase & Company; Mr. James P. 
Gorman, Chairman & Chief Executive Officer, Morgan Stanley; Mr. 
Brian T. Moynihan, Chairman & Chief Executive Officer, Bank of 
America; Mr. Ronald P. O'Hanley, President & Chief Executive 
Officer, State Street Corporation; Mr. Charles W. Scharf, 
Chairman & Chief Executive Officer, Bank of New York Mellon; 
and Mr. David M. Solomon, Chairman & Chief Executive Officer, 
Goldman Sachs.
    On May 16, 2019, the Full Committee held a hearing 
entitled, ``Oversight of Prudential Regulators: Ensuring the 
Safety, Soundness and Accountability of Megabanks and Other 
Depository Institutions.'' Witnesses were the Honorable Rodney 
Hood, Chairman, National Credit Union Administration; the 
Honorable Jelena McWilliams, Chairman, Federal Deposit 
Insurance Corporation; the Honorable Joseph Otting, 
Comptroller, Office of the Comptroller of the Currency; and the 
Honorable Randal Quarles, Vice Chairman of Supervision, Board 
of Governors of the Federal Reserve System.
    On July 17, 2019, Full Committee held a two-panel hearing 
entitled, ``Examining Facebook's Proposed Cryptocurrency and 
Its Impact on Consumers, Investors, and the American Financial 
System.'' The sole witness for the first panel was David 
Marcus, Chief Executive Officer, Calibra. Witnesses for the 
second panel were Chris Brummer, Agnes N. Williams Research 
Professor Director, Institute of International Economic Law, 
Georgetown University Law Center; Katharina Pistor, Edwin B. 
Parker Professor of Comparative Law at Columbia Law School; the 
Honorable Gary Gensler, Professor of the Practice of Global 
Economics and Management, MIT Sloan School of Management, 
Senior Advisor to the Director, MIT Media Lab, & Co, Director 
of MIT's Fintech@CSAIL; Robert Weisman, President, Public 
Citizen; and Meltem Demirors, Chief Strategy Officer, 
CoinShares.
    On July 24, 2019, the Full Committee held a hearing 
entitled, ``The Next Megabank? Examining the Proposed Merger of 
SunTrust and BB&T.'' The witnesses were Mr. Kelly S. King, 
Chairman & Chief Executive Officer, BB&T Corporation; and Mr. 
William H. Rogers, Jr., Chairman & Chief Executive Officer, 
SunTrust Banks, Incorporated.
    On September 10, 2019, the Full Committee held a hearing 
entitled, ``A $1.5 Trillion Crisis: Protecting Student 
Borrowers and Holding Student Loan Servicers Accountable.'' 
Witnesses were Seth Frotman, Executive Director, Student 
Borrower Protection Center; Persis Yu, Staff Attorney, National 
Consumer Law Center; Ashley Harrington, Senior Policy Counsel, 
Center for Responsible Lending; Hasan Minhaj, Writer, Producer, 
and Host; and Jason Delisle, Resident Fellow, American 
Enterprise Institute.
    On September 26, 2019, the Full Committee held a hearing 
entitled, ``Examining Legislation to Protect Consumers and 
Small Business Owners from Abusive Debt Collection Practices.'' 
Witnesses were the Honorable Rohit Chopra, Commissioner, 
Federal Trade Commission; the Reverend Dr. Cassandra Gould, 
Pastor, Quinn Chapel A.M.E. Church (Jefferson City, MO) and 
Executive Director, Missouri Faith Voices; Ms. Bhairavi Desai, 
Executive Director, New York Taxi Workers Alliance; Ms. April 
Kuehnhoff, Staff Attorney, National Consumer Law Center; 
Professor DaliJimnez, Professor of Law, University of 
California, Irvine School of Law; Ms. Sarah Auchterlonie, 
Shareholder, Brownstein Hyatt Farber Schreck; and Mr. John H. 
Bedard, Jr., Owner, Bedard Law Group, P.C.
    On October 16, 2019, the Full Committee held a hearing 
entitled, ``Who Is Standing Up for Consumers? A Semi-Annual 
Review of the Consumer Financial Protection Bureau.'' The sole 
witness at this hearing was the Honorable Kathy Kraninger, 
Director of the Consumer Financial Protection Bureau.
    On October 23, 2019, the Full Committee held a hearing 
entitled, ``An Examination of Facebook and Its Impact on the 
Financial Services and Housing Sectors.'' The sole witness at 
this hearing was Mark Zuckerberg, the Chairman and Chief 
Executive Officer of Facebook.
    On December 4, 2019, the Full Committee held a hearing 
entitled, ``Oversight of Prudential Regulators: Ensuring the 
Safety, Soundness, Diversity, and Accountability of Depository 
Institutions.'' The witnesses at this hearing were the 
Honorable Rodney Hood, Chairman, National Credit Union 
Administration; the Honorable Jelena McWilliams, Chairman, 
Federal Deposit Insurance Corporation; the Honorable Randal 
Quarles, Vice Chairman of Supervision, Board of Governors of 
the Federal Reserve System; and the Honorable Joseph M. Otting, 
Comptroller, Office of the Comptroller of the Currency.
    On January 29, 2020, the Full Committee held a hearing 
entitled, ``The Community Reinvestment Act: Is the OCC 
Undermining the Law's Purpose and Intent?'' The sole witness at 
this hearing was the Honorable Joseph M. Otting, Comptroller of 
the Currency, Office of the Comptroller of the Currency.
    On February 5, 2020, the Full Committee held a hearing 
entitled, ``Rent-A-Bank Schemes and New Debt Traps: Assessing 
Efforts to Evade State Consumer Protections and Interest Rate 
Caps.'' Witnesses were the Honorable Monique Limon, Chair, 
Banking & Finance Committee, California State Assembly; 
Graciela Aponte-Diaz, Director of Federal Campaigns, Center for 
Responsible Lending; Creola Johnson, Professor, The Ohio State 
University Moritz College of Law; Lauren Saunders, Associate 
Director, National Consumer Law Center; and Brian Knight, 
Director and Senior Research Fellow, Program on Innovation and 
Governance, Mercatus Center at George Mason University.
    On February 6, 2020, the Full Committee held a hearing 
entitled, ``Protecting Consumers or Allowing Consumer Abuse? A 
Semi-Annual Review of the Consumer Financial Protection 
Bureau.'' The sole witness at this hearing was the Honorable 
Kathy Kraninger, Director of the Consumer Financial Protection 
Bureau.
    On March 10, 2020, the Full Committee held a hearing 
entitled, ``Holding Wells Fargo Accountable: CEO Perspectives 
on Next Steps for the Bank that Broke America's Trust.'' The 
sole witness at this hearing was Charles W. Scharf, Chief 
Executive Officer and President, Wells Fargo & Company.
    On March 11, 2020, the Full Committee held a hearing 
entitled, ``Holding Wells Fargo Accountable: Examining the Role 
of the Board of Directors in the Bank's Egregious Pattern of 
Consumer Abuses.'' The witnesses were Ms. Elizabeth A. Duke, 
Chair, Wells Fargo & Company; and Mr. James H. Quigley, 
Independent Chairman, Wells Fargo Bank, N.A.
    On July 30, 2020, the Full Committee held a hearing 
entitled, ``Protecting Consumers During the Pandemic? An 
Examination of the Consumer Financial Protection Bureau.'' The 
sole witness for this hearing was the Honorable Kathy 
Kraninger, Director of the Consumer Financial Protection 
Bureau.

                  Highlighting Diversity and Inclusion

    On June 20, 2019, the Full Committee held a hearing 
entitled, ``Diversity in the Boardroom: Examining Proposals to 
Increase the Diversity of America's Boards.'' The witnesses 
were Ms. Chelsea Gurkin, Acting Director, Education, Workforce 
and Income Security Team, U.S. Government Accountability 
Office; Mr. Luke Visconti, Founder and Chairman, DiversityInc; 
Mr. Ron Lumbra, Managing Partner, Heidrick and Struggles; Ms. 
Linda Akutagawa, Chair, Alliance for Board Diversity; 
Ambassador Vilma Martinez (Retired); and Dr. Stephanie Creary, 
Assistant Professor of Management, Wharton School of Business, 
University of Pennsylvania.

      Protecting Investors and Promoting Fair Capital Markets and 
                            Entrepreneurship

    On September 24, 2019, the Full Committee held a hearing 
entitled, ``Oversight of the Securities and Exchange 
Commission: Wall Street's Cop on the Beat.'' The witnesses were 
the Honorable Jay Clayton, Chairman, U.S. Securities and 
Exchange Commission; the Honorable Robert J. Jackson Jr., 
Commissioner, U.S. Securities and Exchange Commission; the 
Honorable Hester M. Peirce, Commissioner, U.S. Securities and 
Exchange Commission; the Honorable Elad L. Roisman, 
Commissioner, U.S. Securities and Exchange Commission; and the 
Honorable Allison Herren Lee, Commissioner, U.S. Securities and 
Exchange Commission.
    On November 19, 2019, the Full Committee held a hearing 
entitled, ``America for Sale? An Examination of the Practices 
of Private Funds.'' The witnesses were Eileen Appelbaum, Co-
Director, Center for Economic and Policy Research; Wayne Moore, 
Trustee, Los Angeles County Employee Retirement Association; 
Giovanna De La Rosa, United for Respect, and former Toys ``R'' 
Us Employee; Drew Maloney, President and CEO, American 
Investment Council; and Brett Palmer, President, Small Business 
Investor Alliance.
    On November 12, 2020, the Full Committee held a hearing 
entitled, ``Oversight of Prudential Regulators: Ensuring the 
Safety, Soundness, Diversity, and Accountability of Depository 
Institutions during the Pandemic.'' The witnesses were Mr. 
Brian Brooks, Acting Comptroller of the Currency, Office of the 
Comptroller of the Currency; the Honorable Rodney Hood, 
Chairman, National Credit Union Administration; the Honorable 
Jelena McWilliams, Chairman, Federal Deposit Insurance 
Corporation; and the Honorable Randal Quarles, Vice Chairman of 
Supervision, Board of Governors of the Federal Reserve System.

   Promoting Fair and Affordable Housing, Community Development, and 
                          Affordable Insurance

    On February 13, 2019, the Full Committee held a hearing 
entitled, ``Homeless in America: Examining the Crisis and 
Solutions to End Homelessness.'' The witnesses were Ann Marie 
Oliva, Senior Policy Advisor, Corporation for Supportive 
Services; Nan Roman, President and CEO, National Alliance to 
End Homelessness; Joshua Stewart, Director of Policy, National 
Coalition for Homeless Veterans; Justin T. Rush, Public Policy 
Director, True Colors Fund; Carolyn Darley, Speaker Advocate, 
National Coalition for the Homelessness; and David S. Lucas, 
Ph.D., Postdoctoral Research Fellow, Institute for an 
Entrepreneurial Society, Whitman School of Management, Syracuse 
University.
    On March 13, 2019, the Full Committee held a two-panel 
hearing entitled, ``Preparing for the Storm: Reauthorization of 
the National Flood Insurance Program.'' The witnesses for the 
first panel were the Honorable Sean P. Duffy; the Honorable 
Garret Graves; the Honorable Blaine Luetkemeyer; the Honorable 
Frank Pallone; the Honorable Bill Pascrell; and the Honorable 
Steve Scalise. The witnesses for the second panel were Maria 
Cox Lamm, South Carolina Department of Natural Resources, on 
behalf of the Association of State Flood Plain Managers; 
Christopher Heidrick, Heidrick & Company Insurance and Risk 
Management Services, LLC, on behalf of the Independent 
Insurance Agents and Brokers of America; Velma Smith, Senior 
Officer, The Pew Charitable Trusts; Mabel Guzman, Broker, 
@properties, on behalf of the National Association of Realtors; 
Collin O'Mara, President and Chief Executive Officer, National 
Wildlife Federation, on behalf of the SmarterSafer Coalition; 
and Raymond J. Lehmann, Director of Finance, Insurance and 
Trade Policy, R Street Institute.
    On April 2, 2019, the Full Committee held a hearing 
entitled, ``The Fair Housing Act: Reviewing Efforts to 
Eliminate Discrimination and Promote Opportunity in Housing.'' 
The witnesses were Debby Goldberg, Vice President, Housing 
Policy and Special Projects, National Fair Housing Alliance; 
Cashauna Hill, Executive Director, Greater New Orleans Fair 
Housing Action Center; Kierra Johnson, Deputy Executive 
Director, National LGBTQ Task Force; Skylar Olsen, Director of 
Economic Research & Outreach, Zillow Group; and Salim Furth, 
Ph.D., Senior Research Fellow, Mercatus Center, George Mason 
University.
    On April 30, 2019, the Full Committee held a hearing 
entitled, ``Housing in America: Assessing the Infrastructure 
Needs of America's Housing Stock.'' The witnesses were Ms. 
Diane Yentel, President and CEO of the National Low Income 
Housing Coalition; Ms. Adrianne Todman, CEO of the National 
Association of Housing and Redevelopment Officials; Mr. Steven 
Lawson, Chairman of The Lawson Companies and representative 
from the National Association of Home Builders; and Mr. Daryl 
Carter, Founder, Chairman and CEO of Avantha Capital, on behalf 
of the National Multifamily Housing Council and the National 
Apartment Association.
    On May 21, 2019, the Full Committee held a hearing 
entitled, ``Housing in America: Oversight of the Department of 
Housing and Urban Development.'' The sole witness at this 
hearing was the Honorable Dr. Benjamin S. Carson, Secretary, 
U.S. Department of Housing and Urban Development.
    On August 14, 2019, the Full Committee held a three-panel 
hearing entitled, ``Examining the Homelessness Crisis in Los 
Angeles.'' The witnesses for the first panel were Christina 
Miller, Deputy Mayor for City Homeless Initiatives, Office of 
Los Angeles Mayor; Peter Lynn, Executive Director, Los Angeles 
Homeless Services Authority; Margarita Lares, Chief Program 
Officer, Housing Authority of the City of Los Angeles; Monique 
King-Viehland, Executive Director, Los Angeles County 
Development Authority; Kevin Murray, Former State Senator and 
President and Chief Executive Officer, The Weingart Center; and 
Phil Ansell, Director, Los Angeles County Homeless Initiative. 
The witnesses for the second panel were Tim Watkins, President 
and Chief Executive Officer, Watts Labor Community Action 
Committee; Joe Horiye, Western Region Program Vice President, 
Local Initiatives Support Corporation; Becky Dennison, 
Executive Director, Venice Community Housing; Isela Gracian, 
President, East LA Community Corporation; Anthony Haynes, Speak 
Up! Advocate, Corporation for Supportive Housing; Erika 
Hartman, Chief Program Officer, Downtown Women's Center; 
Chancela Al-Mansour, Executive Director, Housing Rights Center; 
Alma Vizcaino, Speaker, Downtown Women's Center, on behalf of 
Domestic Violence Homeless Services Coalition Advocate; and 
Dora Leong Gallo, President and Chief Executive Officer, A 
Community of Friends. The sole witness for the third panel was 
Eric Garcetti, Mayor of the city of Los Angeles.
    On October 22, 2019, the Full Committee held a hearing 
entitled, ``The End of Affordable Housing? A Review of the 
Trump Administration's Plans to Change Housing Finance in 
America.'' The witnesses were the Honorable Steven T. Mnuchin, 
Secretary, U.S. Department of the Treasury; the Honorable Dr. 
Benjamin S. Carson, Secretary, U.S. Department of Housing and 
Urban Development; and the Honorable Dr. Mark A. Calabria, 
Director, Federal Housing Finance Agency.
    On January 14, 2020, the Full Committee held a hearing 
entitled, ``On the Brink of Homelessness: How the Affordable 
Housing Crisis and the Gentrification of America Is Leaving 
Families Vulnerable.'' The witnesses were Karen Chapple, 
Professor and Chair of the Department of City and Regional 
Planning, University of California, Berkley; Matthew Desmond, 
Maurice P. During Professor of Sociology & Director of the 
Eviction Lab, Princeton University; Priya Jayachandran, 
President, National Housing Trust; Jeffrey Williams, Tenant 
Advocate; and Mr. Michael Hendrix, Director of State and Local 
Policy, Manhattan Institute.
    On September 16, 2020, the Full Committee held a hearing 
entitled, ``Prioritizing Fannie's and Freddie's Capital over 
America's Homeowners and Renters? A Review of the Federal 
Housing Finance Agency's Response to the COVID-19 Pandemic.'' 
The sole witness at this hearing was the Honorable Dr. Mark A. 
Calabria, the Director of the Federal Housing Finance Agency.

                Monetary Policy and Financial Stability

    On February 27, 2019, the Full Committee held a hearing 
entitled, ``Monetary Policy and the State of the Economy.'' The 
sole witness at this hearing was the Honorable Jerome H. 
Powell, Chairman, Board of Governors of the Federal Reserve 
System.
    On July 10, 2019, the Full Committee held a hearing 
entitled, ``Monetary Policy and the State of the Economy.'' The 
sole witness at this hearing was the Honorable Jerome H. 
Powell, Chairman, Board of Governors of the Federal Reserve 
System.
    On December 5, 2019, the Full Committee held a hearing 
entitled, ``Promoting Financial Stability? Reviewing the 
Administration's Deregulatory Approach to Financial 
Stability.'' The sole witness at this hearing was the Honorable 
Steven T. Mnuchin, Secretary, U.S. Department of the Treasury, 
and Chairperson, Financial Stability Oversight Council.
    On February 11, 2020, the Full Committee held a hearing 
entitled, ``Monetary Policy and the State of the Economy.'' The 
sole witness at this hearing was the Honorable Jerome H. 
Powell, Chairman, Board of Governors of the Federal Reserve 
System.
    On June 17, 2020, the Full Committee held a hearing 
entitled, ``Monetary Policy and the State of the Economy.'' The 
sole witness at this hearing was the Honorable Jerome H. 
Powell, Chairman, Board of Governors of the Federal Reserve 
System.

            National Security and International Development

    On April 9, 2019, the Full Committee held a hearing 
entitled, ``The Annual Testimony of the Secretary of the 
Treasury on the State of the International Financial System.'' 
The sole witness at this hearing was the Honorable Steven T. 
Mnuchin, Secretary of the U.S. Department of the Treasury.
    On May 22, 2019, the Full Committee held a hearing 
entitled, ``The Annual Testimony of the Secretary of the 
Treasury on the State of the International Financial System--
Part II.'' The sole witness at this hearing was the Honorable 
Steven T. Mnuchin, Secretary of the U.S. Department of the 
Treasury.
    On June 4, 2019, the Full Committee held a hearing 
entitled, ``Promoting American Jobs: Reauthorization of the 
U.S. Export-Import Bank.'' The witnesses at this hearing were 
Linda Menghetti Dempsey, Vice President, International Economic 
Affairs, National Association of Manufacturers; Owen 
Herrnstadt, Chief of Staff to the International President, 
International Association of Machinists & Aerospace Workers; 
David Hinson, Vice President, Institute for Diversity & 
Emerging Business, U.S. Chamber of Commerce; Roy Kamphausen, 
Senior Vice President for Research, The National Bureau of 
Asian Research; Archana Sharma, Chief Executive Officer, AKAS 
Tex, LLC; and Steven Wilburn, Chief Executive Officer, 
FirmGreen Incorporated.

                        SUBCOMMITTEE ACTIVITIES

     SUBCOMMITTEE ON CONSUMER PROTECTION AND FINANCIAL INSTITUTIONS

    On April 9, 2019, the Subcommittee on Consumer Protection 
and Financial Institutions held a hearing entitled, ``The 
Community Reinvestment Act: Assessing the Law's Impact on 
Discrimination and Redlining.'' The witnesses at this hearing 
were Mr. Jesse Van Tol, Chief Executive Officer, National 
Community Reinvestment Coalition; Ms. Mehrsa Baradaran, 
Associate Dean for Strategic Initiatives & Robert Cotten Alston 
Chair in Corporate Law, University of Georgia School of Law; 
Mr. Clint Odom, Senior Vice President Policy and Advocacy and 
Washington Bureau Executive Director, National Urban League; 
Mr. Benson Doyle Mitchell, Jr. President and Chief Executive 
Officer, Industrial Bank, Representative of National Bankers 
Association; Mr. Aaron Glantz, Senior Reporter, Reveal from The 
Center for Investigative Reporting; and Mr. Benson F. ``Buzz'' 
Roberts, President and Chief Executive Officer, National 
Association of Affordable Housing Lenders.
    On April 30, 2019, the Subcommittee on Consumer Protection 
and Financial Institutions held a hearing entitled, ``Ending 
Debt Traps in the Payday and Small Dollar Credit Industry.'' 
The witnesses at this hearing were Rev. Dr. Frederick Douglass 
Haynes, III, Senior Pastor, Friendship-West Baptist Church; 
Kenneth Whittaker, Activist and Former payday loan consumer; 
Diane Standaert, Executive Vice President and Director of State 
Policy, Center for Responsible Lending; Todd Ortique McDonald, 
Vice President and Board Director, Liberty Bank & Trust 
Company, representing the National Bankers Association; 
Christopher Lewis Peterson, John J. Flynn Endowed Professor of 
Law, University of Utah, S.J. Quinney College of Law, and 
Director of Financial Services and Senior Fellow, Consumer 
Federation of America; Garry Lacy Reeder II, Vice President, 
Policy and Innovation, Center for Financial Services 
Innovation; Robert Sherrill, Chief Executive Officer, Imperial 
Cleaning Systems; and Diego Zuluaga, Policy Analyst, Center for 
Monetary and Financial Alternatives, Cato Institute.
    On June 4, 2019, the Subcommittee on Consumer Protection 
and Financial Institutions held a hearing entitled, ``Emerging 
Threats to Stability: Considering the Systemic Risk of 
Leveraged Lending.'' The witnesses at this hearing were Erik F. 
Gerding, Professor of Law & Wolf-Nichol Fellow, University of 
Colorado Law School; Victoria Ivashina, Lovett-Learned Chaired 
Professor of Finance, Harvard Business School; Gaurav Vasisht, 
Senior Vice President and Director, Financial Regulation 
Initiatives, The Volcker Alliance; and Gregory Nini, Assistant 
Professor of Finance, LeBow College of Business, Drexel 
University.
    On September 25, 2019, the Subcommittee on Consumer 
Protection and Financial Institutions held a hearing entitled, 
``Promoting Financial Stability: Assessing Threats to the U.S. 
Financial System.'' The witnesses at this hearing were the 
Honorable Dino Falaschetti, Director, Office of Financial 
Research, U.S. Department of the Treasury; and the Honorable 
Lael Brainard, Governor, Board of Governors of the Federal 
Reserve System.
    On October 22, 2019, the Subcommittee on Consumer 
Protection and Financial Institutions held a hearing entitled, 
``An Examination of the Decline of Minority Depository 
Institutions and the Impact on Underserved Communities.'' The 
witnesses at this hearing were Kenneth Kelly, Chairman and 
Chief Executive Officer, First Independence Bank, and Chair, 
National Bankers Association; Jill Sung, Chief Executive 
Officer, Abacus Federal Savings Bank, and Chair, Independent 
Community Bankers Association's Minority Bank Council; Mara 
Falero, Vice President of Marketing and Communication, 
Jetstream Federal Credit Union, representing the National 
Association of Federally-Insured Credit Unions; Jeff Bowman, 
President and Chief Executive Officer, Bay Bank; and Aron 
Betru, Managing Director, Center for Financial Markets, Milken 
Institute.
    On November 20, 2019, the Subcommittee on Consumer 
Protection and Financial Institutions held a hearing entitled, 
``An Examination of Regulators'' Efforts to Preserve and 
Promote Minority Depository Institutions.'' The witnesses at 
this hearing were Beverly Cole, Deputy Comptroller for the 
Northeastern District and Designated Federal Officer for the 
Minority Depository Institutions Advisory Committee, Office of 
the Comptroller of the Currency; Betty Rudolph, National 
Director for MDIs and CDFIs, Federal Deposit Insurance 
Corporation; Arthur W. Lindo, Deputy Director, Division of 
Supervision and Regulation, Board of Governors of the Federal 
Reserve System; and Martha Ninichuk, Director of the Office of 
Credit Union Resources and Expansion, National Credit Union 
Administration.
    On January 14, 2020, the Subcommittee on Consumer 
Protection and Financial Institutions held a hearing entitled, 
``The Community Reinvestment Act: Reviewing Who Wins and Who 
Loses with Comptroller Otting's Proposal.'' The witnesses were 
Ms. Gerron Levi, Director, Policy & Government Affairs, 
National Community Reinvestment Coalition; Mr. Eric Rodriguez, 
Senior Vice President, Policy and Advocacy, UnidosUS; Ms. 
Paulina Gonzalez-Brito, Executive Director of California 
Reinvestment Coalition Institute; Ms. Hope Knight, President & 
CEO, Greater Jamaica Development Corporation; and Ms. Faith 
Bautista, President & CEO, National Diversity Coalition.
    On March 6, 2020, the Subcommittee on Consumer Protection 
and Financial Institutions held a hearing entitled, ``Modern-
Day Redlining: The Burden on Underbanked and Excluded 
Communities in New York.'' The witnesses were Jaime Weisberg, 
Senior Campaign Analyst, Association for Neighborhood and 
Housing Development (ANHD); Annetta Seecharran, Executive 
Director, Chhaya CDC; Cathie Mahon, President and Chief 
Executive Officer, Inclusiv; Noel Andres Poyo, Executive 
Director, National Association For Latino Community Asset 
Builders (NALCAB); Bruce Marks, Chief Executive Officer, 
Neighborhood Assistance Corporation of America (NACA); and Kim 
Saunders, President and Chief Executive Officer, National 
Bankers Association (NBA).
    On June 3, 2020, the Subcommittee on Consumer Protection 
and Financial Institutions held a hearing entitled, ``Promoting 
Inclusive Lending During the Pandemic: Community Development 
Financial Institutions and Minority Depository Institutions.'' 
The witnesses were Ms. Lisa Mensah, President and Chief 
Executive Officer, Opportunity Finance Network; Mr. Michael T. 
Pugh, President, Chief Executive Officer and Board Member, 
Carver Federal Savings Bank; Mr. Samuel C. Scott, Chairman, 
Black Chicago Tomorrow, and Co-Chair, American Business 
Immigration Coalition; and Mr. James H. Sills III, President 
and Chief Executive Officer, M&F Bank, on behalf of the 
Independent Community Bankers of America.

                SUBCOMMITTEE ON DIVERSITY AND INCLUSION

    On February 27, 2019, the Subcommittee on Diversity and 
Inclusion held a hearing entitled, ``An Overview of Diversity 
Trends in the Financial Services Industry.'' The sole witness 
at this hearing was Daniel Garcia-Diaz, Director, Financial 
Markets and Community Investment, U.S. Government 
Accountability Office.
    On May 1, 2019, the Subcommittee on Diversity and Inclusion 
held a hearing entitled, ``Good for the Bottom Line: A Review 
of the Business Case for Diversity and Inclusion.'' The 
witnesses were Rick Guzzo, Senior Leader, Workforce Strategy, 
Mercer; Victoria Budson, Co-Director, Women and Public Policy 
Program, Kennedy School, Harvard University; Adrienne Trimble, 
President, National Minority Supplier Development Council; 
William Von Hoene, Jr., Chief Strategy Officer, Exelon; and 
Rory Verrett, Founder and Managing Partner, Protege Search.
    On June 25, 2019, the Subcommittee on Diversity and 
Inclusion held a hearing entitled, ``Diverse Asset Managers: 
Challenges, Solutions and Opportunities for Inclusion.'' The 
witnesses were Juan Martinez, Vice President/Chief Executive 
Officer and Treasurer, Knight Foundation; John Rogers, 
Chairman, CEO & Chief Investment Officer, Ariel Investments; 
Brenda Chia, Founding Board Member & Co-Chair, Association of 
Asian American Investment Managers (AAAIM); Angela Miller-May, 
Chief Investment Officer, Chicago Teachers' Pension Fund; 
Meredith Jones, Investment researcher and Author.
    On September 24, 2019, the Subcommittee on Diversity and 
Inclusion held a hearing entitled, ``Examining the Racial and 
Gender Wealth Gap in America.'' Witnesses were Kilolo Kijakazi, 
Director, Institute Fellow, Urban Institute; Dedrick Asante-
Muhammad, Chief of Race, Wealth and Community, National 
Community Reinvestment Coalition; Mariko Chang, Researcher, 
Author, and President, Mariko Chang Consulting, Inc.; Sally 
Krawcheck, Co-Founder and Chief Executive Officer, Ellevest; 
and Lisa Cook, Professor of Economics, Michigan State 
University.
    On October 17, 2019, the Subcommittee on Diversity and 
Inclusion held a hearing entitled, ``Promoting Inclusion: 
Examining the Need for Diversity Practices for America's 
Changing Workforce.'' The witnesses were Bernard Guinyard, 
Director of Diversity and Inclusion, Goodwin Ruchika Tulshyan, 
Diversity and Inclusion Strategist and Author; Patricia Mota, 
President and CEO, Hispanic Alliance for Career Advancement; 
Mr. Rod Graves, Executive Director, Fritz Pollard Alliance 
Foundation; and Dr. Laura Sherbin, Managing Director of 
Culture@Work.
    On February 12, 2020, the Subcommittee on Diversity and 
Inclusion held a hearing entitled, ``A Review of Diversity and 
Inclusion at America's Large Banks.'' The witnesses were 
Kenneth Bentsen, President and Chief Executive Officer, 
Securities Industry and Financial Markets Association (SIFMA) 
Diversity and Inclusion Council; Dr. Naomi Mercer, Senior Vice 
President, Diversity, Equity and Inclusion, American Bankers 
Association (ABA); Rawan Elhalaby, Senior Economic Equity 
Program Manager, The Greenlining Institute Subha Barry, 
President, Working Mother Media; Joseph Vaughan, Executive 
Director, Corporate Diversity and Inclusion Forum; and Dr. Gail 
Greenfield, Principal, Workforce Strategy and Analytics, 
Mercer.
    On July 9, 2020, the Subcommittee on Diversity and 
Inclusion held a hearing entitled, ``Access Denied: Challenges 
for Women- and Minority-Owned Businesses Accessing Capital and 
Financial Services During the Pandemic.'' The witnesses were 
Carmen Castillo, Chairwoman of the Board of Directors, U.S. 
Hispanic Chamber of Commerce; Ron Busby Sr., President and CEO 
of the U.S. Black Chambers, Inc.; Jenell Ross, President, Bob 
Ross Auto Group; and Karen Kerrigan, President and CEO, SBE 
Council.
    On September 8, 2020, the Subcommittee on Diversity and 
Inclusion held a two-panel hearing entitled, ``Holding 
Financial Regulators Accountable for Diversity and Inclusion: 
Perspectives from the Offices of Minority and Women 
Inclusion.'' The witnesses for the first panel were Joyce 
Cofield, Executive Director, Office of Minority and Women 
Inclusion (OMWI), Office of the Comptroller of Currency (OCC); 
Sheila Clark, Director, OMWI, Board of Governors of the Federal 
Reserve System (Fed); Lacey Dingman, Director, OMWI, Federal 
Reserve Bank of New York (FRBNY); Nikita Pearson, Acting 
Director, OMWI, Federal Deposit Insurance Corporation (FDIC); 
and Monica Davy, Director, OMWI, National Credit Union 
Administration (NCUA). The witnesses for the second panel were 
Lorraine Cole, Director, OMWI, U.S. Department of the Treasury 
(Treasury); Pamela Gibbs, Director, OMWI, U.S. Securities and 
Exchange Commission (SEC); Sharron Levine, Director, OMWI, 
Federal Housing Finance Agency (FHFA); and Lora McCray, 
Director, OMWI, Consumer Financial Protection Bureau (CFPB).

      SUBCOMMITTEE ON HOUSING, COMMUNITY DEVELOPMENT AND INSURANCE

    On April 2, 2019, the Subcommittee on Housing, Community 
Development and Insurance held a hearing entitled, ``The 
Affordable Housing Crisis in Rural America: Assessing the 
Federal Response.'' The witnesses were Gideon Anders, Senior 
Staff Attorney, National Housing Law Project; Stan Keasling, 
President, National Rural Housing Coalition; David Lipsetz, 
Chief Executive Officer, Housing Assistance Council; Andres 
Saavedra, Senior Program Officer, Rural Local Initiatives 
Support Corporation; and Tanya Eastwood, President, Council for 
Affordable and Rural Housing.
    On May 8, 2019, the Subcommittee on Housing, Community 
Development and Insurance held a hearing entitled, ``A Review 
of the State of and Barriers to Minority Homeownership.'' The 
witnesses were Alanna McCargo, Vice President, Housing Finance 
Policy, the Urban Institute; Nikitra Bailey, Executive Vice 
President, Center for Responsible Lending; Joseph Nery, 
Partner, Nery & Richardson LLC and Past President of the 
National Association of Hispanic Real Estate Professionals 
(NAHREP), current National Board Member; Jeffrey Hicks, 
President, National Association of Real Estate Brokers; Carmen 
Castro-Conroy, Managing Counselor, Montgomery County, Housing 
Initiative Partnership, Inc.; JoAnne Poole, 2019 Vice Chair, 
Multicultural Real Estate Leadership Advisory Group, National 
Association of Realtors; and Joel Griffith, Research Fellow, 
Financial Regulations, the Heritage Foundation.
    On June 20, 2019, the Subcommittee on Housing, Community 
Development and Insurance held a hearing entitled, ``What's 
Your Home Worth? A Review of the Appraisal Industry.'' The 
witnesses were David S. Bunton, President, The Appraisal 
Foundation; Stephen S. Wagner, Senior Appraiser, Terzo & 
Bologna, Inc., on behalf of the Appraisal Institute; Jeff 
Dickstein, Chief Compliance Office, Pro Teck Valuation 
Services, on behalf of the Real Estate Valuation Advocacy 
Association; Andre Perry, David M. Rubenstein Fellow, 
Metropolitan Policy Program, the Brookings Institute; and Joan 
N. Trice, Founder, Collateral Risk Network.
    On September 25, 2019, the Subcommittee on Housing, 
Community Development and Insurance held a hearing entitled, 
``Protecting Seniors: A Review of the FHA's Home Equity 
Conversion Mortgage (HECM) Program.'' The witnesses were Sarah 
Bolling Mancini, Staff Attorney, National Consumer Law Center; 
Alicia Puente Cackley, Director, Financial Markets and 
Community Investment, Government Accountability Office (GAO); 
Peter H. Bell, President & Chief Executive Officer, National 
Reverse Mortgage Lenders Association (NRMLA); and Laurie 
Goodman, Vice President, Housing Financial Policy, Urban 
Institute.
    On October 16, 2019, the Subcommittee on Housing, Community 
Development and Insurance held a joint hearing entitled, 
``Protecting America: The Reauthorization of the Terrorism Risk 
Insurance Program.'' The witnesses were Chlora Lindley-Myers, 
Director, Missouri Department of Commerce and Insurance, on 
behalf of the National Association of Insurance Commissioners; 
Dawn Dinkins, COO, Reinsurance of AXA XL, on behalf of 
Reinsurance Association of America; Joe Carter, Acting CEO, 
United Educators, on behalf of the American Property Casualty 
Insurance Association; John Doyle, President & CEO, Marsh; and 
Baird Webel, Specialist in Financial Economics, Congressional 
Research Service.
    On November 20, 2019, the Subcommittee on Housing, 
Community Development and Insurance held a hearing entitled, 
``Safe and Decent? Examining the Current State of Residents' 
Health and Safety in HUD Housing.'' The witnesses were Susan 
Rollins, Executive Director, Housing Authority of St. Louis 
County; Margaret Salazar, Executive Director, Oregon Housing 
and Community Services Department; Deborah Thrope, Deputy 
Director, National Housing Law Project; Geraldine Collins, 
Board President, National Alliance of HUD Tenants; Shalonda 
Rivers, President and Resident, 22nd Avenue Apartment Tenants 
Association; and the Honorable Orlando J. Cabrera, Partner, 
Arnall Golden Gregory.
    On December 5, 2019, the Subcommittee on Housing, Community 
Development and Insurance held a hearing entitled, ``An 
Examination of the Federal Housing Administration and Its 
Impact on Homeownership in America.'' The sole witness at this 
hearing was the Honorable Brian D. Montgomery, Commissioner, 
Federal Housing Administration.
    On January 29, 2020, the Subcommittee on Housing, Community 
Development and Insurance held a hearing entitled, ``Examining 
the Availability of Insurance for Nonprofits.'' The witnesses 
were J. Robert ``Bob'' Hunter, Director of Insurance, Consumer 
Federation of America, Ivoree Robinson, Vice President, 
Property & Casualty, ABD Insurance & Financial Services, Inc., 
Chlora Lindley-Myers, Director, Missouri Department of Commerce 
& Insurance, on behalf of the National Association of Insurance 
Commissioners, Pamela E. Davis, Founder, President and CEO, 
Nonprofits Insurance Alliance, and Jon Bergner, Assistant Vice 
President, Public Policy & Federal Affairs, National 
Association of Mutual Insurance Companies
    On February 5, 2020, the Subcommittee on Housing, Community 
Development and Insurance held a hearing entitled, ``A Future 
Without Public Housing? Examining the Trump Administrations 
Efforts to Eliminate Public Housing.'' The witnesses were Ann 
Gass, Director of Strategic Housing Initiatives, Housing 
Authority of the City of Austin; Bobby Collins, Executive 
Director, Housing Authority of the City of Shreveport; Susan 
Popkin, Director of the Urban Institute's HOST Initiative and 
Institute Fellow at the Metropolitan Housing and Communities 
Policy Center; Kate Walz, Vice President of Advocacy, Shriver 
Center on Poverty Law; and Eugene Jones Jr., President and 
Chief Executive Officer, Atlanta Housing Authority.
    On March 4, 2020, the Subcommittee on Housing, Community 
Development and Insurance held a hearing entitled, ``Drivers of 
Discrimination: An Examination of Unfair Premiums, Practices, 
and Policies in the Auto Insurance Industry.'' The witnesses 
were Douglas Heller, Insurance Expert, Consumer Federation of 
America; Elizabeth Kelleher Dwyer, Superintendent of Insurance, 
the State of Rhode Island, on behalf of the National 
Association of Insurance Commissioners; Eric Poe, CPA and Chief 
Operating Office, CURE Auto Insurance; Sonja Larkin-Thorne, 
Consumer Advocate (retired); and Erin Collins, Vice President- 
State Affairs, National Association of Mutual Insurance 
Companies.
    On June 10, 2020, the Subcommittee on Housing, Community 
Development and Insurance held a hearing entitled, ``The Rent 
Is Still Due: America's Renters, COVID-19 and an Unprecedented 
Eviction Crisis.'' The witnesses were Cashauna Hill, Executive 
Director, Louisiana Fair Housing Action Center; Mike Kingsella, 
Executive Director, Up for Growth; Ann Oliva, Visiting Senior 
Fellow, Center on Budget and Policy Priorities; and Jenny 
Schuetz, Fellow, The Brookings Institution.
    On November 19, 2020, the Subcommittee on Housing, 
Community Development and Insurance held a hearing entitled, 
``Insuring against a Pandemic: Challenges and Solutions for 
Policyholders and Insurers.'' The witnesses were Ann Cantrell, 
Owner, Annie's Blue Ribbon General Store, on behalf of the 
National Retail Federation; John Doyle, President & Chief 
Executive Officer, Marsh; Brian Kuhlmann, Chief Corporate 
Counsel, Shelter Insurance, on behalf of APCIA and NAMIC; 
Michelle Menendez McLaughlin, Chief Underwriting Officer, Chubb 
North America; and R.J. Lehmann, Executive Editor and Senior 
Fellow, International Center for Law and Economics.

   SUBCOMMITTEE ON INVESTOR PROTECTION, ENTREPRENEURSHIP AND CAPITAL 
                                MARKETS

    On April 3, 2019, the Subcommittee on Investor Protection, 
Entrepreneurship, and Capital Markets held a hearing entitled, 
``Putting Investors First: Reviewing Proposals to Hold 
Executives Accountable.'' The witnesses were John Coffee, Adolf 
A. Berle Professor of Law, Director of the Center on Corporate 
Governance at Columbia Law School; Melanie Lubin, Maryland 
Securities Commissioner, on behalf of the North American 
Securities Administrators Association, Inc (NASAA); Remington 
A. Gregg, Counsel for Civil Justice and Consumer Rights, Public 
Citizen; and Tom Quaadman, Executive Vice President, U.S. 
Chamber Center for Capital Markets Competitiveness, Chamber of 
Commerce of the United States of America.
    On May 15, 2019, the Subcommittee on Investor Protection, 
Entrepreneurship, and Capital Markets held a hearing entitled, 
``Promoting Economic Growth: A Review of Proposals to 
Strengthen the Rights and Protections for Workers.'' The 
witnesses were Steve Clifford, Author and former CEO of King 
Broadcasting Company; Heather Slavkin Corzo, J.D., Director of 
Capital Markets Policy, AFL-CIO; Abigail E. Disney, Ph.D., 
President of Fork Films, and Chair & Co-founder of Level 
Forward; Nili Gilbert, Co-founder & Portfolio Manager, Matarin 
Capital Management; and James R. Copland, Senior Fellow and 
Director, Legal Policy, Manhattan Institute for Policy 
Research.
    On June 19, 2019, the Subcommittee on Investor Protection, 
Entrepreneurship, and Capital Markets held a hearing entitled, 
``Putting Investors First: Examining Proposals to Strengthen 
Enforcement Against Securities Law Violators.'' The witnesses 
were Jordan A. Thomas, Partner, Labaton Sucharow; Urska 
Velikonja, Professor of Law, Georgetown University Law Center; 
Andrew N. Vollmer, Professor of Law, University of Virginia 
School of Law; and Stephen Crimmins, Partner, Murphy & 
McGonigle PC.
    On July 10, 2019, the Subcommittee on Investor Protection, 
Entrepreneurship, and Capital Markets held a hearing entitled, 
``Building a Sustainable and Competitive Economy: An 
Examination of Proposals to Improve Environmental, Social and 
Governance Disclosures.'' The witnesses were Tim Mohin, Chief 
Executive, Global Reporting Initiative (GRI); James Andrus, 
Investment Manager-Financial Markets, Sustainable Investment, 
CalPERS Investment Office; the Honorable Paul S. Atkins, Chief 
Executive Officer, Patomak Global Partners; Degas A. Wright, 
CFA, Chief Executive Officer, Decatur Capital Management, Inc.; 
and Mindy S. Lubber, President and Chief Executive Officer, 
Ceres.
    On September 11, 2019, the Subcommittee on Investor 
Protection, Entrepreneurship, and Capital Markets held a 
hearing entitled, ``Examining Private Market Exemptions as a 
Barrier to IPOs and Retail Investment.'' The witnesses were 
Renee Jones, Associate Dean for Academic Affairs and Professor 
of Law, Boston College Law School; Elisabeth de Fontenay, 
Professor of Law, Duke University School of Law; Mike Pieciak, 
President, North American Securities Administrators 
Association, and Vermont Commissioner of Financial Regulation, 
Vermont Department of Financial Regulation; Dr. Andrew Lo, 
Professor, Massachusetts Institute of Technology Sloan School 
of Management; and Douglas Ellenoff, Partner, Ellenoff Grossman 
& Schole LLP.
    On October 17, 2019, the Subcommittee on Investor 
Protection, Entrepreneurship, and Capital Markets held a 
hearing entitled, ``Examining Corporate Priorities: The Impact 
of Stock Buybacks on Workers, Communities, and Investors.'' The 
witnesses were Jesse M. Fried, Professor of Law, Harvard Law 
School; Lenore Palladino, Senior Economist and Policy Counsel, 
Roosevelt Institute; Janie Grice, United for Respect at 
Walmart; Derik D. Coffey, CFA, Portfolio Specialist, Channing 
Capital Management; and Mr. Craig Lewis Ph.D., Madison S. 
Wigginton Professor of Finance and Professor of Law, Vanderbilt 
University.
    On January 15, 2020, the Subcommittee on Investor 
Protection, Entrepreneurship, and Capital Markets held a 
hearing entitled, ``An Examination of the Financial Accounting 
Standards Board and the Public Company Accounting Oversight 
Board.'' The witnesses were Russell G. Golden, Chairman, 
Financial Accounting Standards Board; and Willian D. Duhnke 
III, Chairman, Public Company Accounting Oversight Board.
    On June 25, 2020, the Subcommittee on Investor Protection, 
Entrepreneurship, and Capital Markets held a hearing entitled, 
``Capital Markets and Emergency Lending in the COVID-19 Era.'' 
The sole witness at this hearing was the Honorable Jay Clayton, 
Chairman, U.S. Securities and Exchange Commission.
    On July 14, 2020, the Subcommittee on Investor Protection, 
Entrepreneurship, and Capital Markets held a hearing entitled, 
``Promoting Economic Recovery: Examining Capital Markets and 
Worker Protections in the COVID-19 Era.'' The witnesses were 
the Honorable Dr. William E. Spriggs, Chief Economist, AFL-CIO; 
Professor of Economics, Howard University; Anne Simpson, 
Director of Board Governance and Strategy, California Public 
Employees' Retirement System; Camille Busette, PhD, Senior 
Fellow and Director of the Race, Prosperity, and Inclusion 
Initiative, The Brookings Institution; and Neil L. Bradley, 
Executive Vice President and Chief Policy Officer, Chamber of 
Commerce of the United States of America.
    On September 17, 2020, the Subcommittee on Investor 
Protection, Entrepreneurship, and Capital Markets held a 
hearing entitled, ``Insider Trading and Stock Option Grants: An 
Examination of Corporate Integrity in the Covid-19 Pandemic.'' 
The witnesses were Rick Claypool, Research Director, Office of 
the President, Public Citizen; Jill Fisch, Distinguished 
Professor of Business Law and Co-Director of the Institute of 
Law and Economics, University of Pennsylvania Law School; Jacob 
S. Frenkel, Chair of Government Investigations and Securities 
Enforcement, Dickinson Wright; and Granville Martin, Senior 
Vice President and General Counsel, Society for Corporate 
Governance.

              SUBCOMMITTEE ON OVERSIGHT AND INVESTIGATION

    On May 1, 2019, the Subcommittee on Oversight and 
Investigations held a hearing entitled, ``Examining 
Discrimination in the Automobile Loan and Insurance 
Industries.'' The witnesses were John W. Van Alst, Attorney, 
National Consumer Law Center; Director, Working Cars for 
Working Families, an NCLC project; Rachel J. Cross, Policy 
Analyst, Frontier Group; Kristen Clarke, President and 
Executive Director, Lawyers Committee for Civil Rights Under 
Law; Joshua Rivera, Policy Advisor, University of Michigan, 
Poverty Solutions; and James Lynch, Chief Actuary, Vice 
President of Research and Education, Insurance Information 
Institute.
    On June 11, 2019, the Subcommittee on Oversight and 
Investigations held a hearing entitled, ``An Examination of 
State Efforts to Oversee the $1.5 Trillion Student Loan 
Servicing Market.'' The witnesses were Joe Sanders, Student 
Loan Ombudsman and Supervising Attorney, Consumer Fraud Bureau, 
Illinois Attorney General's Office; Nicholas Smyth, Assistant 
Director for Consumer Financial Protection, Senior Deputy 
Attorney General, Pennsylvania Office of Attorney General; 
Arwen Thoman, Director, Student Loan Assistance Unit, and 
Investigations Supervisor, Massachusetts Attorney General's 
Office; Joanna Darcus, Massachusetts Legal Assistance 
Corporation Racial Justice Fellow, National Consumer Law 
Center; and Scott Buchanan, Executive Director, Student Loan 
Servicing Alliance.
    On August 2, 2019, the Subcommittee on Oversight and 
Investigations held a hearing entitled, ``An Examination of the 
Housing Crisis in Michigan, 11 Years after the Recession.'' The 
witnesses were Hector Hernandez, Director, Housing Opportunity 
Center, Southwest Economic Solutions; Ted Phillips, Executive 
Director, United Community Housing Coalition; Bernadette 
Atuahene, Senior Research Scholar, University of Michigan; 
Lauren Mason, Member, Housing Committee Chair--Detroit Action; 
Taz George, Senior Research Analyst, Community Development and 
Policy Studies Division, Federal Reserve Bank of Chicago; and 
Vanessa Fluker, Fellow Practitioner, Vanessa G. Fluker, Esq., 
PLLC.
    On September 4, 2019, the Subcommittee on Oversight and 
Investigations held a two-panel hearing entitled, ``Examining 
Discrimination and Other Barriers to Consumer Credit, 
Homeownership, and Financial Inclusion in Texas.'' The 
witnesses for the first panel were Belinda Everette, Director, 
Housing Initiative, NAACP Houston Branch; Judson Robinson III, 
CEO and Chair, Houston Area Urban League; Hua Sun, Professor, 
Iowa State University; John Wong, Founding Chair, Asian Real 
Estate Association of America; and Dedrick Asante-Muhammad, 
Chief, Race, Wealth, and Community, National Community 
Reinvestment Coalition. The witnesses for the second panel were 
Noel Poyo, Executive Director, National Association of Latino 
Community Asset Builders; Gary Lindner, President and CEO, 
PeopleFund; Jeff Smith, President and CEO, Unity National Bank; 
Raymond Ardoin, President, Board of Directors, Brentwood 
Baptist Church Federal Credit Union; Jeungho ``JP'' Park, 
President and Chairman, Relationship BancShares, Inc.; Celina 
Pea, Chief Advancement Officer, LiftFund; and George Johnson, 
CEO, George E. Johnson Development.
    On October 29, 2019, the Subcommittee on Oversight and 
Investigations held a two-panel hearing entitled, ``Financial 
Services and the LGBTQ+ Community: A Review of Discrimination 
in Lending and Housing.'' The witnesses were Harper Jean Tobin, 
Director of Policy, National Center for Transgender Equality; 
Michael Adams, CEO, SAGE (Services and Advocacy for GLBT 
Elders); Kerith Conron, Research Director, Williams Institute, 
UCLA School of Law; Alphonso David, President, Human Rights 
Campaign; Hua Sun, Professor, Iowa State University; and 
Francis Creighton, President and CEO, Consumer Data Industry 
Association.
    On February 6, 2020, the Subcommittee on Oversight and 
Investigations held a two-panel hearing entitled, ``Fake It 
Till They Make It: How Bad Actors Use Astroturfing to 
Manipulate Regulators, Disenfranchise Consumers and Subvert the 
Rulemaking Process.'' The witnesses were Bartlett Naylor, 
Financial Policy Advocate, Public Citizen; Beth Simone Noveck, 
Professor and Director, GovLab, Tandon School of Engineering, 
New York University; Paulina Gonzalez-Brito, Deputy Director, 
California Reinvestment Coalition; Seto Bagdoyan, Director, 
Forensic Audits and Investigative Service, U.S. Government 
Accountability Office; and Dr. Steven Balla, Associate 
Professor, George Washington University.
    On July 16, 2020, the Subcommittee on Oversight and 
Investigations held a two-panel hearing entitled, ``Protecting 
Homeowners During the Pandemic: Oversight of Mortgage 
Servicers' Implementation of the CARES Act.'' The witnesses 
were Alys Cohen, Staff Attorney, National Consumer Law Center; 
Marcia Griffin, Founder and President, HomeFree-USA; Donnell 
Williams, President, National Association of Real Estate 
Brokers; and Ed DeMarco, Ph.D., President, Housing Policy 
Council.

   SUBCOMMITTEE ON NATIONAL SECURITY, INTERNATIONAL DEVELOPMENT, AND 
                            MONETARY POLICY

    On March 13, 2019, the Subcommittee on National Security, 
International Development, and Monetary Policy held a hearing 
entitled, ``Promoting Corporate Transparency: Examining 
Legislative Proposals to Detect and Deter Financial Crime.'' 
The witnesses were Jacob Cohen, Former Director, Office of 
Stakeholder Engagement, FinCEN; Dennis M. Lormel, President & 
CEO, DML Associates, LLC; Amit Sharma, CEO, FinClusive; and 
Gary Shiffman, Ph.D., Founder and Chief Executive Officer, 
Giant Oak, Inc.
    On May 15, 2019, the Subcommittee on National Security, 
International Development, and Monetary Policy held a hearing 
entitled, ``Assessing the Use of Sanctions in Addressing 
National Security and Foreign Policy Challenges.'' The 
witnesses were David Mortlock, Nonresident Senior Fellow, 
Global Energy Center, Atlantic Council; Dr. Michael Carpenter, 
Senior Director, Penn Biden Center for Diplomacy and Global 
Engagement, University of Pennsylvania; Elizabeth Rosenberg, 
Senior Fellow and Director of the Energy, Economics, and 
Security Program, Center for a New American Security; Daleep 
Singh, Senior Fellow, Center for New American Security; and 
Matthew Zweig, Senior Fellow, Foundation for Defense of 
Democracies.
    On June 19, 2020, the Subcommittee on National Security, 
International Development, and Monetary Policy held a hearing 
entitled, ``Promoting Economic Growth: Exploring the Impact of 
Recent Trade Policies on the U.S. Economy.'' The witnesses were 
Laura Baughman, President, The Trade Partnership; C. Fred 
Bergsten, Ph.D., Senior Fellow and Director Emeritus, Peterson 
Institute for International Economics; John Boyd, President, 
National Black Farmers Association; Ronnie Russell, Missouri 
Farmer, At Large Member, American Soybean Association; and 
Gordon Gray, Director of Fiscal Policy, American Action Forum.
    On September 11, 2019, the Subcommittee on National 
Security, International Development, and Monetary Policy held a 
hearing entitled, ``Examining the Macroeconomic Impacts of a 
Changing Climate.'' The witnesses were Andy Karsner, Board 
Member, Conservation International; General Stephen Cheney, 
USMC (Ret.), President of the American Security Project; 
Veronica Eady, Assistant Executive Officer for Environmental 
Justice of the California Air Resources Board; Alicia Seiger, 
Managing Director of Stanford's Sustainable Finance Initiative; 
Dr. Marshall Burke, Assistant Professor and Deputy Director of 
Stanford's Center on Food Security and the Environment; Richard 
Powell, Executive Director, ClearPath; and John Kotek, Vice 
President of Policy Development and Public Affairs, Nuclear 
Energy Institute.
    On October 16, 2019, the Subcommittee on National Security, 
International Development, and Monetary Policy held a joint 
hearing entitled, ``Protecting America: The Reauthorization of 
the Terrorism Risk Insurance Program.'' The witnesses were 
Chlora Lindley-Myers, Director, Missouri Department of Commerce 
and Insurance, on behalf of the National Association of 
Insurance Commissioners; Dawn Dinkins, COO, Reinsurance of AXA 
XL, on behalf of Reinsurance Association of America; Joe 
Carter, Acting CEO, United Educators, on behalf of the American 
Property Casualty Insurance Association; John Doyle, President 
& CEO, Marsh; and Baird Webel, Specialist in Financial 
Economics, Congressional Research Service.
    On November 13, 2019, the Subcommittee on National 
Security, International Development, and Monetary Policy held a 
two-panel hearing entitled, ``How America Leads Abroad: An 
Examination of Multilateral Development Institutions.'' The 
witnesses for the first panel were Charles Kenny, Senior 
Fellow, Center for Global Development; Nadia Daar, Head of 
Washington DC Office, Oxfam International; Jolie Schwarz, 
Policy Director, Bank Information Center; Matthew McGuire, Vice 
Chairman, CapZone Impact Investments; and Eli Whitney Debevoise 
II, Partner, Arnold & Porter. The sole witness for the second 
panel was Matthew Haarsager, Deputy Assistant Secretary for 
International Development Finance and Policy, U.S. Department 
of the Treasury.
    On January 15, 2020, the Subcommittee on National Security, 
International Development, and Monetary Policy held a hearing 
entitled, ``A Persistent and Evolving Threat: An Examination of 
the Financing of Domestic Terrorism and Extremism.'' The 
witnesses were The Honorable Jared Maples, Director, Office of 
Homeland Security and Preparedness, State of New Jersey; Rena 
Miller, Specialist in Financial Economics, Congressional 
Research Service; George Selim, Senior Vice President for 
Programs, Anti-Defamation League; Lecia Brooks, Chief Workplace 
Transformation Officer, Southern Poverty Law Center; and Mary 
B. McCord, Legal Director, Institute for Constitutional 
Advocacy and Protection, Georgetown Law.
    On March 4, 2020, the Subcommittee on National Security, 
International Development, and Monetary Policy held a hearing 
entitled, ``The Traffickers' Roadmap: How Bad Actors Exploit 
Financial Systems to Facilitate the Illicit Trade in People, 
Animals, Drugs, and Weapons.'' The witnesses were Travis L. 
Adkins, Lecturer, African & Security Studies, Walsh School of 
Foreign Service, Georgetown University; Dr. Togzhan Kassenova, 
Senior Fellow, Project on International Security, Commerce, and 
Economic Statecraft (PISCES), Center for Policy Research, SUNY-
Albany; Celina B. Realuyo, Adjunct Professor, The George 
Washington University Elliott School of International Affairs; 
Gretchen Peters, Executive Director, Center on Illicit Network 
and Organized Crime (CINTOC) and The Alliance to Counter Crime 
Online (ACCO); and Angel Nguyen Swift, Founder and Director, 
STAT (Stand Together Against Trafficking) and Advisor, Enigma 
Technologies.
    On June 16, 2020, the Subcommittee on National Security, 
International Development, and Monetary Policy held a hearing 
entitled, ``Cybercriminals and Fraudsters: How Bad Actors Are 
Exploiting the Financial System During the COVID-19 Pandemic.'' 
The witnesses were Mr. Tom Kellermann, Head of Cybersecurity 
Strategy, VMware; Mr. Kelvin Coleman, Executive Director, 
National Cyber Security Alliance; Ms. Amanda W. Senn, Chief 
Deputy Director, Alabama Securities Commission; on behalf of 
the North American Securities Administrators Association 
(NASAA); and Mr. Jamil Jaffer, Founder & Executive Director, 
National Security Institute, Assistant Professor of Law & 
Director, National Security Law & Policy Program.
    On July 7, 2020, the Subcommittee on National Security, 
International Development, and Monetary Policy held a hearing 
entitled, ``Paycheck Security: Economic Perspectives on 
Alternative Approaches to Protecting Workers' Pay during COVID-
19.'' The witnesses were Lisa D. Cook, Professor, Department of 
Economics, James Madison College, Michigan State University; 
Lily Eskelsen Garcia, President, National Education 
Association; Joseph Stiglitz, Professor of Economics, Columbia 
University; and Diego Zuluaga, Associate Director of Financial 
Regulation Studies, Cato Institute.

                    OVERSIGHT PLAN OF THE COMMITTEE

  Oversight Plan of the Committee on Financial Services for the 116th 
                                Congress

    Pursuant to clause 2(d)(1) of Rule X of the House of 
Representatives, the following constitutes the oversight plan 
of the Committee on Financial Services for the 116th Congress. 
It includes areas in which the Committee and its subcommittees 
expect to conduct oversight during the 116th Congress; it does 
not preclude oversight or investigation of additional matters 
or programs as they arise. The Committee will consult, as 
appropriate, with other Committees of the House that may share 
jurisdiction on any of the subjects listed below.

                   Housing and Community Development

    Department of Housing and Urban Development (HUD) and U.S. 
Department of Agriculture (USDA). The Committee will monitor 
the budget requests submitted by HUD and USDA for programs 
under the Committee's jurisdiction, including careful 
consideration of any legislative recommendations included in 
those requests, and will review HUD's and the Rural Housing 
Service's (RHS) general codes of conduct and other policies.
    Homelessness. The Committee will examine the current state 
of homelessness in the United States of America and the federal 
response to ending homelessness, including oversight of the 
Continuum of Care (CoC) and Emergency Solutions Grant (ESG) 
programs under the Department of Housing and Urban Development 
(HUD), the HUD Veteran Affairs Supported Housing program (HUD-
VASH), as well as efforts by the U.S. Interagency Council on 
Homelessness (USICH) to coordinate various federal agencies 
towards the national goals to end homelessness. The Committee 
will review the causes and possible solutions to address 
homelessness, including in parts of the country where 
homelessness has reached crisis levels. The Committee will also 
consider ways to better serve those who are at risk of 
homelessness.
    Rental Housing Crisis. The Committee will examine the 
current rental housing crisis that is burdening families across 
the country with unaffordable rents. The Committee will examine 
the role of existing federal housing programs in addressing the 
rental housing crisis, including public housing, Section 8 
Housing Choice Vouchers (HCVs), Section 8 project-based rental 
assistance (PBRA), the Section 202 Supportive Housing for the 
Elderly program, the Section 811 Supportive Housing for Persons 
with Disabilities program, the HOME Investment Partnerships 
program (HOME), the Low Income Housing Tax Credit (LIHTC) 
program, and the Housing Trust Fund (HTF). As part of its 
review, the Committee will examine the conduct of landlords 
participating in these programs as well as investigate HUD's 
oversight of landlord participants to ensure rules and 
regulations are being followed. The Committee will also review 
the limitations of existing programs at current funding levels. 
The Committee will consider solutions to address the rental 
housing crisis, including proposals to enhance preservation of 
affordable rental housing, increase the affordable rental 
housing stock, and ensure that affordable rental housing is 
accessible for persons who are elderly and/or disabled. The 
Committee will monitor HUD's implementation and oversight of 
the Moving to Work (MTW) demonstration programs and the effects 
of such programs on tenants.
    Public Housing. The Committee will examine the rising 
maintenance and capital needs of the aging public housing stock 
and the limitations of current federal funding levels to 
address these needs. As part of its examination, the Committee 
will investigate the presence of lead, mold, and other health 
hazards in the nation's public housing system and seek ways to 
ensure capital repairs are made in order to improve the health 
and well-being of residents. The Committee will review the role 
of public housing as part of a federal strategy to address 
affordable housing needs and will monitor HUD's use of the 
Rental Assistance Demonstration (RAD) and the demolition and 
disposition processes as they affect public housing and its 
residents.
    Rural Housing. The Committee will examine the affordable 
housing needs in rural communities and whether there are 
limitations in meeting those needs by existing programs because 
of current funding levels. In particular, the Committee will 
examine the aging stock of properties with Section 515 Rural 
Rental Housing Loans and 516 Farm Labor Housing Loans, and the 
adequacy of the USDA's efforts for preserving these properties 
and preventing tenant displacement. The Committee will consider 
legislation to help preserve these properties and prevent the 
displacement of tenants. The Committee will also monitor USDA's 
management of the Section 521 Rental Assistance (RA) program, 
the Rural Development Voucher program, the Section 502 Direct 
and Guaranteed Loan programs the Multifamily Housing 
Preservation and Revitalization Demonstration Loans and Grants, 
and the Section 523 Mutual Self-Help grant program.
    Community Development. The Committee will consider 
opportunities to better leverage and coordinate housing 
development with neighborhood resources such as transportation 
and community centers through programs like the Community 
Development Block Grant (CDBG).
    Disaster Recovery, Resilience, and Sustainable Development. 
The Committee will conduct oversight of the Community 
Development Block Grant Disaster Recovery (CDBG-DR) program and 
ongoing efforts to provide relief for disaster-stricken areas, 
with an emphasis on the timeliness of Federal Register notice 
publications, Action Plan reviews, any administrative delays in 
the disbursement process, and the monitoring of State and 
Territory funds received in connection with the 2017 and 2018 
natural disasters. The Committee will review proposals to 
enhance our nation's ability to withstand future disasters in 
the face of climate change, which is contributing to increasing 
frequency and magnitude of natural disasters. The Committee 
will also examine proposals to transition to more efficient and 
sustainable homes.
    Fair Housing. The Committee will conduct oversight of fair 
housing enforcement under HUD, including reviewing the 
integrity of investigations being carried out by the Office of 
Fair Housing and Equal Opportunity (FHEO). The Committee will 
also monitor HUD's ongoing rulemaking processes on the 
Affirmatively Furthering Fair Housing (AFFH) mandate and the 
disparate impact standard under the Fair Housing Act.
    Native American and Native Hawaiian Housing. The Committee 
will conduct oversight of programs under the Native American 
Housing and Self Determination Act of 1996 (NAHASDA) and 
consider proposals for reauthorization of those programs. The 
Committee will also monitor HUD's administration of the recent 
appropriation of an additional $100 million for the Native 
American Housing Block Grants program, which will be allocated 
through a competitive grant process.
    Housing Finance and Access to Homeownership. The Committee 
will examine the health of our housing finance system and the 
extent to which it is serving all creditworthy borrowers, 
especially among low and moderate income (LMI), minority, 
rural, and other underserved borrowers. The Committee will 
consider proposals to reform the housing finance system.
    Federal Housing Finance Agency (FHFA), Federal National 
Mortgage Association (Fannie Mae), Federal Home Loan Mortgage 
Corporation (Freddie Mac), Federal Home Loan Banks (FHLBs). The 
Committee will monitor the operations, activities and 
initiatives of the FHFA, and review its general code of conduct 
and other agency policies. The Committee will monitor Fannie 
Mae and Freddie Mac's activities under conservatorship, 
including their recent pilot programs exploring front-end 
credit risk sharing and recent policy changes allowing for 
waivers of appraisal requirements. The Committee will also 
review the FHFA's proposed rule related to capital held by 
Fannie Mae and Freddie Mac. The Committee will monitor the 
capital requirements and financial stability of the FHLB 
system, as well as the FHLB system's ability to fulfill its 
housing and community economic development mission and provide 
liquidity to member banks in a safe and sound manner.
    Government National Mortgage Association (Ginnie Mae). The 
Committee will examine Ginnie Mae to ensure that the agency has 
the necessary resources, procedures, and oversight to manage 
its portfolio, including Ginnie Mae's response to its growing 
exposure to nonbank risks.
    Federal Housing Administration (FHA). The Committee will 
examine FHA to ensure that it has the necessary resources, 
procedures, and oversight to manage its portfolio, including 
ongoing challenges due to an aging technological 
infrastructure. The Committee will also review the FHA's 
premium rates.
    Private Mortgage Insurance (PMI). The Committee will 
examine the role that private mortgage insurance plays in the 
housing finance system in providing access to homeownership and 
consider the effects of capital requirements placed on PMI 
companies by Fannie Mae and Freddie Mac.
    Mortgage Servicing. The Committee will examine the adequacy 
of existing regulatory requirements and oversight of the 
servicing industry, including the adequacy of the federal 
response to the growing share of nonbank servicers. The 
Committee will consider whether FHFA needs additional authority 
to establish prudential management and operations standards for 
its servicers. The Committee will also consider legislative 
solutions to enhance FHA's oversight and enforcement of its 
loss mitigation requirements and to address policies that may 
cause unnecessary foreclosures on seniors with reverse 
mortgages and on those who have been affected by natural 
disasters.

                               Insurance

    National Flood Insurance Program (NFIP). The Committee will 
examine the role of the NFIP in providing affordable insurance 
to homeowners, renters, and businesses, investing in 
mitigation, and providing maps to aid communities in their 
flood plain management efforts. The Committee will examine 
proposals to reauthorize and reform the NFIP to enhance 
affordability, mapping, and mitigation, and to improve the 
efficiency and transparency associated with the processing of 
claims submitted by policyholders. The NFIP is set to expire on 
May 31, 2019.
    Federal Insurance Office (FIO). The Committee will conduct 
oversight of FIO's work on domestic and international insurance 
policy, including the extent to which traditionally underserved 
communities and consumers have access to affordable insurance 
products.
    Terrorism Risk Insurance Program. The Committee will 
examine proposals to reauthorize and reform the Terrorism Risk 
Insurance Act, which is set to expire on December 31, 2020.
    Insurance Sector Supervision. The Committee will monitor 
the insurance sector generally, which may include examining the 
role of capital requirements in the insurance sector, including 
state, federal, and international efforts to revise capital 
requirements for insurance companies, the application of 
federal capital requirements for insurance companies that own 
depository institutions, the role of state guaranty funds, 
issues related to consumer protection and discrimination in the 
insurance sector, and issues or gaps in the regulation of 
insurers that could contribute to a systemic crisis in the 
insurance industry or the U.S. financial system. The Committee 
will also review implementation of the Military Personnel 
Financial Services Protection Act, which was enacted in 
response to abuses in the marketing and sale of securities and 
life insurance products to servicemembers.
    International Insurance Developments. The Committee will 
monitor developments related to international regulatory 
standards for insurance companies, including actions taken by 
the Financial Stability Board, the International Association of 
Insurance Supervisors, and the Organization for Economic 
Cooperation and Development. The Committee will also monitor 
any developments related to covered agreements made pursuant to 
the Dodd-Frank Wall Street Reform and Consumer Protection Act 
of 2010 (Dodd-Frank Act).
    Cyber Insurance. The Committee may examine developments 
related to the market for cyber insurance and the insurance 
industry's susceptibility to cybersecurity risks.
    Auto Insurance. The Committee may review the state of the 
automobile insurance market in America with a particular focus 
on issues of access and affordability for lower- and middle-
income Americans, minorities, and traditionally underserved 
communities.

             Consumer Protection and Financial Institutions

    Government Shutdown. The Committee will examine the effect 
of the longest shutdown of the Federal government in U.S. 
history that commenced on December 22, 2018. This will include 
considering the effect the shutdown has on the financial system 
and the U.S. economy, as well as assessing the effect on 
consumers--including Federal government employees, contractors, 
and other individuals and any adverse consequences they may 
face through no fault of their own.
    Protecting Consumers. The Committee will monitor the 
current state of consumer financial protection by assessing the 
adequacy of protections for all consumers. The Committee will 
examine any unique challenges experienced in, and faced by, 
traditionally underserved communities and populations to obtain 
mainstream consumer financial products and services, including 
the root causes for credit deserts in rural and urban 
communities that have resulted in millions of unbanked and 
underbanked consumers. The Committee will consider methods to 
improve the financial well-being of other vulnerable consumers 
such as older Americans, active-duty servicemembers, veterans, 
students, young adults, racial and ethnic minorities, and 
immigrants.
    Consumer Financial Protection Bureau. The Committee will 
closely examine the exercise of the regulatory, supervisory, 
and enforcement power of the Consumer Financial Protection 
Bureau (Consumer Bureau). The Committee will conduct oversight 
to ensure that the Consumer Bureau is fully complying with both 
the spirit and letter of its purpose, objectives, and mission 
articulated under Title X of the Dodd-Frank Act to combat 
unfair, deceptive, abusive acts and practices in the offering 
and provision of consumer financial products. This oversight 
will evaluate, among other things, the allocation of resources 
and use of tools by the Consumer Bureau, its collaboration with 
other Federal and state agencies, and Tribal governments, the 
transparency and effectiveness of its consumer complaint 
database, and its code of conduct and other agency policies. 
The Committee will monitor to what extent the Consumer Bureau 
promptly addresses any unfair, deceptive and abusive acts and 
practices in the financial consumer marketplace, including as 
it relates to: mortgage lending, auto lending, including 
indirect auto lending, forced arbitration, and other financial 
services, products and practices.
    Student Debt Crisis. The Committee will examine the 
financial and economic implications of the growing student debt 
crisis, including how a borrower's inability to repay student 
debt can serve as a barrier to homeownership, entrepreneurship, 
and other economic activities. The Committee will monitor the 
effectiveness of student borrower protections, including as it 
relates to student loan servicing standards.
    Consumer Protections for Military Servicemembers. The 
Committee will examine the adequacy, supervision, and 
enforcement of all consumer financial protections, including 
those provided through the Military Lending Act (MLA) and the 
Servicemembers Civil Relief Act (SCRA), afforded to active-duty 
servicemembers and their families.
    High Cost Short-Term Credit and Debt Collection. The 
Committee will review the effectiveness and extent to which 
consumer protections are implemented and enforced with respect 
to payday lending, other forms of short-term credit, and debt 
collection. The Committee will also review the use of overdraft 
services, and its impact on consumers.
    Mandatory Arbitration. The Committee will monitor the use 
and effect of mandatory pre-dispute arbitration agreements, and 
similar provisions, that limit consumers' ability to 
participate in a class action case against financial 
institutions when they've been harmed.
    Fair Access to Affordable Consumer Financial Products and 
Services. The Committee will consider ways to expand access to 
mainstream financial services among traditionally underserved 
segments of the U.S. population. The Committee will evaluate 
proposals to update certain Federal consumer financial laws to 
ensure that they are meeting the evolving financial needs of 
consumers.
    Discrimination in Lending. The Committee will examine the 
effectiveness of regulators' fair lending oversight and 
enforcement efforts to ensure that the Federal government does 
not tolerate discrimination. The Committee will also examine 
the quantity and quality of data, including that provided under 
the Home Mortgage Disclosure Act (HMDA), to ensure 
discriminatory practices can be identified and addressed.
    Community Reinvestment Act (CRA). The Committee will 
monitor any legislative and regulatory proposals to reform the 
Community Reinvestment Act of 1977.
    Department of the Treasury, Financial Stability Oversight 
Council (FSOC) and Office of Financial Research (OFR). The 
Committee will review the operations and resources of the 
Department of the Treasury, as well as its code of conduct and 
other policies. The Committee will monitor financial stability 
and systemic risk issues, including all matters relating to the 
operations, activities, and initiatives of the FSOC and OFR to 
identify and mitigate threats to financial stability in the 
United States. This will also include a review of shifts in the 
mortgage market, including the subprime market, from bank 
financing to non-bank financing.
    Supervision and Enforcement of Financial Institutions. The 
Committee will review the operations, activities, initiatives, 
codes of conduct and other agency policies of the Federal 
Reserve Board of Governors, the Office of the Comptroller of 
the Currency (OCC), Federal Deposit Insurance Corporation 
(FDIC), and National Credit Union Administration (NCUA). This 
work will include examining financial regulators' supervision 
of the banking, thrift and credit union industries for safety 
and soundness and compliance with laws and regulations. The 
Committee will also monitor their enforcement activities, 
including ensuring the compliance of regulated institutions 
with existing consent orders, settlement agreements, deferred 
prosecution agreements, or similar arrangements. The Committee 
will also evaluate the supervision of nonbank financial 
companies by the Consumer Bureau.
    Enhanced Prudential Standards for Large Banks. The 
Committee will monitor how enhanced prudential standards are 
being applied to the largest banks operating in the United 
States, including foreign-based institutions. This will include 
oversight of the adequacy of capital, liquidity, leverage and 
stress testing requirements.
    Orderly Liquidation Authority and Living Wills. The 
Committee will oversee efforts to promote the orderly 
resolution of any large financial institution operating in the 
United States that fails, including through Dodd-Frank Act's 
living wills requirements and the Orderly Liquidity Authority.
    Banking Activities and the Volcker Rule. The Committee will 
examine the financial regulators' implementation of Section 619 
of the Dodd-Frank Act, known as the ``Volcker Rule.'' The 
Committee will also monitor the structure, ownership, 
activities and risk-taking by large depository institutions and 
their holding companies.
    Residential and Commercial Real Estate Mortgage Loans. The 
Committee will monitor the residential and commercial real 
estate mortgage markets, including examining access to 
affordable and fair home mortgage lending, and the 
effectiveness of disclosures provided to borrowers about the 
terms and conditions of these loans. The Committee will also 
review proposals related to home improvement loans for 
improving the energy efficiency of a house.
    Community Development Financial Institutions Fund (CDFI 
Fund). The Committee will monitor the operations of the CDFI 
Fund and the administration of initiatives to help reduce 
unbanked and underbanked populations, including in rural areas.
    Federal Deposit and Share Insurance. The Committee will 
monitor the solvency of the Deposit Insurance Fund administered 
by the FDIC, and the National Credit Union Share Insurance Fund 
administered by the NCUA.
    Community Financial Institutions. The Committee will review 
issues related to the health, growth, safety, and soundness of 
community banks and credit unions, as well as their role in 
lending to small businesses and promoting economic growth.
    Access to Credit for Small Businesses. The Committee will 
consider proposals that facilitate access to affordable credit 
for small businesses, and will examine the ability for the 
public, regulators, and Congress to monitor trends in small 
business lending. The Committee will also review the 
effectiveness of the State Small Business Credit Initiative 
(SSBCI), which was administered by the U.S. Department of the 
Treasury and expired in 2017 and consider proposals to 
reauthorize the SSBCI.
    Cybersecurity and Privacy. The Committee will monitor the 
effectiveness of cybersecurity in the U.S. financial system. 
The Committee will evaluate the current level of safeguards 
relating to protecting the security and confidentiality of 
personally identifiable information from loss, unauthorized 
access, or misuse. The Committee will also examine the 
effectiveness of data breach notifications, and issues of 
privacy and consumer control of their own data, including 
sensitive financial and credit information.
    Credit Scores and Credit Reports. The Committee will 
examine the state of the credit reporting system, including the 
accuracy of credit scores to assess creditworthiness, the 
impact medical debt can have on credit scores, and the extent 
of consumer protections throughout the credit reporting system. 
The Committee will also examine implementation of the 
provisions related to credit reporting and credit scores in the 
Economic Growth, Regulatory Relief, and Consumer Protection 
Act.
    Financial Technology (fintech). The Committee will examine 
the rapid developments with fintech, including marketplace 
lending for consumers and small businesses, partnerships with 
traditional financial institutions, cryptocurrency, blockchain, 
alternative data utilized in credit underwriting, artificial 
intelligence, and machine learning. The Committee will monitor 
the activities of financial regulators relating to fintech, 
including assessing existing authorities and regulatory gaps. 
The Committee will consider what legislation may be needed to 
promote responsible financial innovation.
    Payments System. The Committee will review government and 
private sector efforts to improve the timeliness and 
effectiveness of the payments system in the United States, and 
its potential effect on consumers and small businesses.
    Credit and other Payment Cards. The Committee will monitor 
payment card industry practices, including consumer protections 
with respect to the use of credit cards, debit cards, and 
prepaid cards. The Committee will also examine the 
effectiveness of the Credit Card Accountability Responsibility 
and Disclosure (CARD) Act of 2009.
    Money Services Businesses, Remittances, and De-risking. The 
Committee will examine the operations of money services 
businesses and the role they play in the financial system. The 
Committee will also oversee the ability of consumers to utilize 
financial services to affordably remit cross-border payments, 
as well as consider proposals to mitigate financial 
institutions engaged in de-risking that results in unnecessary 
account closures.
    Financial Education. The Committee will review efforts to 
promote greater financial literacy among consumers, 
particularly matters affecting traditionally underserved 
communities and populations.
    Cannabis Banking. The Committee will examine the 
difficulties, including public safety concerns, cannabis-
related businesses experience as a result of being unable to 
access basic banking services. The Committee will also review 
legislative proposals that alleviate legal and compliance risks 
for financial institutions related to providing such services 
to cannabis-related businesses in states where cannabis use, 
sale, or distribution is authorized.

                            Monetary Policy

    The Federal Reserve System. The Committee will conduct 
oversight of the operations and activities of the Federal 
Reserve System, including its conduct of monetary policy, its 
regulation and supervision of the financial services sector, 
its role in the payment system, and its susceptibility to 
cybersecurity threats and other security risks. The Committee 
will convene hearings to receive the testimony of the Chairman 
of the Board of Governors of the Federal Reserve System and 
related semi-annual reports on the conduct of monetary policy. 
As part of this effort, the Committee will review issues 
associated with monetary policy and the state of the economy, 
including whether the current path of monetary policy is 
consistent with the Federal Reserve's dual mandate of price 
stability and maximum employment, and how the independence of 
the Federal Reserve affects market participants' confidence in 
the conduct of monetary policy.
    The Economy and its Impact on Living Standards. The 
Committee will examine the extent to which changes in the 
economy, and in particular, changes in labor and capital 
markets, public policy, and trade have altered the way in which 
policymakers should think about the relationship between 
economic growth, productivity growth, and growth in employment 
and incomes. The Committee will examine these relationships to 
determine policy responses that will increase our ability to 
improve the standard of living for American families.
    Tax Legislation and the Effect on the Economy. The 
Committee will examine how the Tax Cuts and Jobs Act of 2017 
affects the economy, including its impact on the national 
deficit and debt, the wealth gap, and low- and middle-income 
communities and minority communities. Additionally, the 
Committee will examine the effects of the Tax Cuts and Jobs Act 
on the financial services industry, specifically with respect 
to the effect of the lower corporate tax rate and pass-through 
tax provisions.
    Coins and Currency. The Committee will conduct oversight of 
the printing and minting of U.S. currency and coins, including 
the activities of the Bureau of the Mint and the Bureau of 
Engraving and Printing, and of the operation of programs 
administered by the U.S. Mint for producing congressionally 
authorized commemorative coins, bullion coins for investors, 
and Congressional gold medals. The Committee will review 
efforts to detect and combat the counterfeiting of U.S. coins 
and currency in the United States and abroad. The Committee 
will also examine methods to reduce the cost of minting coins 
using alternative metals and will examine efforts to make 
currency more accessible to the visually impaired.

                Investor Protection and Entrepreneurship

    Securities and Exchange Commission (SEC). The Committee 
will examine the operations and organizational structure of the 
SEC, with emphasis on its rulemaking, compliance inspections 
and examinations, and enforcement functions, and will review 
the SEC's general codes of conduct and other policies. The 
Committee will also monitor the SEC's process for granting 
waivers of certain legal disqualifications that arise from 
illegal misconduct of bad actors. Additionally, the Committee 
will evaluate the sufficiency of the SEC's available resources 
and staffing levels in light of the hiring freeze under which 
the SEC has operated since the beginning of the Trump 
Administration.
    Investor Confidence. The Committee will examine the factors 
affecting investor confidence in U.S. capital markets, 
including investor perspectives on the quality, quantity, and 
utility of investment-related disclosures; the effectiveness of 
public companies' internal controls over financial reporting; 
corporate accountability to shareholders; and, the costs of 
trading securities. The Committee will also review the effect 
on investor confidence of fraud and other misconduct and the 
SEC's efforts to hold bad actors accountable.
    Fiduciary Duty of Financial Advisers. The Committee will 
examine the current regulation of, and recent developments 
related to broker-dealers and investment advisers who provide 
financial advice to retail and institutional investors. The 
Committee will review the SEC's efforts to revise those 
regulations, consistent with Section 913(g) of the Dodd-Frank 
Act, to protect investors and reduce confusion by requiring all 
advisers, regardless of title, to comply with the same 
fiduciary standard that puts their clients' interests first. 
The Committee will also consider legislation related to the 
standard of care owed to investors by financial advisers.
    Mandatory Arbitration. The Committee will examine the 
effect of mandatory arbitration requirements on securities 
investors, as well as the balance, fairness, and efficiency of 
the current arbitration system.
    Entrepreneurship. The Committee will monitor market 
conditions affecting entrepreneurs' access to capital, with 
emphasis on the capital formation efforts of small businesses, 
including any unique challenges faced by minority-, women-, and 
veteran-owned small businesses. Additionally, the Committee 
will examine the conduct of intermediaries in the capital 
formation process, such as anti-competitive behavior among 
underwriters of initial public offerings (IPOs). The Committee 
will also consider legislative proposals to promote 
entrepreneurship and enhance the attractiveness of U.S. public 
equity markets to investors and businesses.
    Corporate Governance. The Committee will review 
developments and issues concerning corporate governance of 
public companies, including proposals to increase 
accountability to shareholders through improved shareholder 
access to management's proxy, shareholder nomination of 
directors, and majority voting. The Committee will also examine 
ways to improve the integrity of the shareholder voting process 
and corporate sustainability disclosures, including those 
related to the effects of climate change.
    Executive Compensation. The Committee will review the SEC's 
implementation of regulations requiring greater transparency in 
disclosures of executive compensation arrangements, including 
the SEC's and the other federal financial agencies' progress in 
completing related rulemakings mandated under the Dodd-Frank 
Act.
    Capital Formation in Private and Public Markets. The 
Committee will examine the private and public capital markets 
and the factors U.S. companies evaluate when deciding to go 
public, such as underwriting fees. The Committee will monitor 
the use of new and expanded private offering exemptions from 
the JOBS Act, including Regulation D, Regulation A+, and 
Regulation Crowdfunding, and examine ways to improve investor 
protections in private offerings. The Committee will examine 
the current definition of ``accredited investors''' and ways to 
improve that definition to ensure that those investors have the 
financial sophistication and wherewithal to invest in private 
offerings.

                            Capital Markets

    Self-Regulatory Organizations (SROs). The Committee will 
monitor the operations, initiatives, and activities of SROs, 
including the Municipal Securities Rulemaking Board (MSRB) and 
Financial Industry Regulatory Authority, Inc. (FINRA). The 
Committee also will consider limitations or regulatory gaps in 
the current SRO system and ways to streamline and strengthen 
the regulatory, compliance, examination, and enforcement 
structure.
    Hedge Funds and Private Pools of Capital. The Committee 
will examine the current state of the hedge fund, private 
equity and alternative investment industry. The Committee will 
review the role hedge funds and private pools of capital serve 
in the capital markets, and their interaction with investors, 
financial intermediaries, and public companies. The Committee 
will also examine hedge funds and private equity funds as 
investment vehicles for pension funds.
    Investment Companies. The Committee will review the current 
state of regulation of investment companies and their advisers 
with respect to mutual fund operations, governance, disclosure, 
and sales in the States and Territories. The Committee also 
will review the effectiveness and efficiency of the approval 
process for new products, such as exchange-traded funds, and 
the SEC's efforts to standardize that process. The Committee 
will also review the role investment companies played in Puerto 
Rico's fiscal crisis. The Committee will review Real Estate 
Investment Trusts (REITs) as investment vehicles and how the 
industry uses REITs to finance various projects, including the 
financing of private prisons and immigration detention centers.
    Credit Rating Agencies. The Committee will examine the role 
that Nationally Recognized Statistical Ratings Organizations 
(NRSROs), also known as credit rating agencies, play in the 
U.S. capital markets, and review the effectiveness of the SEC's 
regulation and oversight of NRSROs. The Committee will also 
examine ways to limit conflicts associated with NRSROs 
compensation, approaches to increase their accountability, and 
the possibility of regulatory fee assessments.
    Financial Accounting and Auditing. The Committee will 
review the Public Company Accounting Oversight Board's 
(PCAOB's) oversight of auditors of public companies and broker-
dealers, including standard-setting and the results of the 
PCAOB's inspection programs. The Committee will also monitor 
the impact of exemptions to the scope of the auditing and 
internal controls requirements of the Sarbanes-Oxley Act of 
2002, and the adequacy of investor protections applicable to 
exempt entities. The Committee will also monitor the work of 
the Financial Accounting Standards Board (FASB) and 
Governmental Accounting Standards Board (GASB).
    Cybersecurity. The Committee will examine the risks that 
cybersecurity threats pose to the U.S. capital markets, 
including investment and operational risks associated with 
public companies. The Committee will also monitor the efforts 
of the SEC, self-regulatory organizations (SROs), and SEC-
registered firms to guard against cybersecurity risks and 
protect sensitive, market-moving data and personally 
identifiable information (PII) of investors.
    Cryptocurrencies. The Committee will review the emergence 
of the so-called ``initial coin offering'' (ICO) as a means of 
raising capital for blockchain-based enterprises. The Committee 
will examine concerns of increased risks of fraud and 
manipulation in the ICO markets. The Committee will also review 
the SEC's oversight of the ICO markets and will consider 
legislative proposals to improve regulatory clarity for ICO 
issuers and investors.
    Fixed income markets. The Committee will review recent 
developments in the U.S. corporate and municipal bond markets 
and the SEC's response to those developments.
    Derivatives Markets. The Committee will review recent 
developments in the U.S. derivatives markets and efforts to 
harmonize rules governing those markets domestically and 
internationally. The Committee will also examine the SEC's 
progress in implementing the remaining regulations of the 
security-based swaps markets as mandated by the Dodd-Frank Act.
    Equity and options markets. The Committee will review 
recent developments in the U.S. equity and options markets and 
the SEC's response to those developments. The Committee will 
also examine brokers' conflicts of interest arising from 
rebates and fees paid for client orders and the SEC's efforts 
to address those conflicts through, for example, an access fee 
pilot. The Committee will monitor the development, 
implementation, and maintenance of the Consolidated Audit Trail 
(CAT), a market surveillance tool that tracks order events, 
including quotes, orders, executions, allocations, and 
associated customer data, and identifies the broker-dealer 
handling them.
    Trade Policy Impact. The Committee will examine the impact 
of U.S. trade policy proclamations, announcements, decisions, 
and actions by the executive branch on U.S. securities markets, 
including market volatility, capital formation, corporate 
reinvestment, and investor confidence.

                           National Security

    Office of Terrorism and Financial Intelligence (TFI). The 
Committee will monitor TFI's development and implementation of 
U.S. government strategies and programs to combat terrorist 
financing, money laundering, and other financial crimes, both 
domestically and internationally.
    Financial Crimes Enforcement Network (FinCEN). The 
Committee will monitor the operations of FinCEN and its ongoing 
efforts to implement its regulatory mandates pursuant to the 
Bank Secrecy Act to safeguard the integrity of the financial 
system and combat money laundering, terrorist financing, and 
other illicit finance.
    Office of Foreign Assets Control (OFAC). The Committee will 
examine the efficacy of economic and trade sanctions 
designations and enforcement.
    Money Laundering and Terrorist Financing. The Committee 
will examine the implementation, effectiveness, and enforcement 
of anti-money laundering/counter-financing of terrorism (AML/
CFT) laws and regulations, including opportunities to enhance 
compliance with these rules without impairing the operations of 
law enforcement. The Committee will examine patterns and trends 
of money laundering and terrorist finance and consider 
proposals to prevent the abuse of the financial system.
    Counterterrorism Financing Policy. The Committee will 
monitor the role of the U.S. Department of the Treasury in 
promoting the adoption and implementation of counterterrorism 
standards around the world, through international organizations 
such as the Financial Action Task Force (FATF), the 
International Monetary Fund, and the Egmont Group. The 
Committee will also monitor the Office of Technical Assistance 
at Treasury and its coordination with the other agencies, in 
the delivery of counter-terrorism financing training and other 
technical assistance abroad.
    Sanctions. The Committee will examine sanctions programs to 
ensure that they are fully implemented consistent with 
Congressional intent and in alignment with U.S. foreign policy 
and national security goals. Particular attention will be paid 
to sanctions programs aimed at Russia, Iran, North Korea, and 
Cuba. The Committee will examine possible risks and 
consequences associated with the use of sanctions over the 
short and long term, as well as the role that multilateral 
cooperation may play in achieving effective sanctions programs.
    Beneficial Ownership. The Committee will consider proposals 
to strengthen the AML/CFT laws and streamline compliance for 
U.S. financial institutions, including legislation designed to 
crack down on the use of anonymous shell companies for illicit 
purposes by requiring U.S. companies to disclose their 
beneficial owners.
    Real Estate. The Committee will examine the risks of money 
laundering and terrorist financing in the real estate market, 
and review proposals to address any vulnerabilities identified 
in this sector.
    Trafficking. The Committee will examine methods and 
policies to dismantle the underlying enablers of trafficking 
and will review typologies and potential solutions related to 
specific categories of trafficking, including human 
trafficking, weapons trafficking, and narcotics trafficking. 
The Committee will examine the nexus of this illicit criminal 
activity with terrorists and their networks.
    De-Risking at Financial Institutions. The Committee will 
examine the practice by which financial institutions terminate 
accounts or limit services to broad categories of clients. The 
Committee will monitor the effectiveness of regulatory guidance 
and examine regulatory actions to ensure that such customers 
are not inappropriately denied access to the banking system.
    Corruption. The Committee will examine the methods by which 
corruption flourishes and the means to detect and deter the 
financial misconduct that fuels this driver of global 
instability. The Committee will monitor government efforts to 
educate about and enforce U.S. anti-corruption law and 
regulation.
    Fraud and Cyber Intrusion. The Committee will examine the 
facilitation and prevention of fraudulent activities that 
impact the financial system. It will also examine efforts to 
counter cyber intrusions that target the financial sector and 
system.
    Information Sharing. The Committee will examine the kinds 
of safeguards required to ensure that civil liberties and 
consumer privacy are not undermined in the sharing of sensitive 
information among financial institutions, federal agencies, and 
other entities.
    Emerging Technologies. The Committee will examine emerging 
technologies, such as cryptocurrencies, blockchain, and 
artificial intelligence. The Committee will monitor how such 
technologies affect and interact with the U.S. financial 
system, and how the technologies could be used to combat or be 
used in the pursuit of illicit purposes.
    Committee on Foreign Investment in the United States. The 
Committee will monitor implementation of the Foreign Investment 
Risk Review Modernization Act of 2018 (FIRRMA) and actions 
taken by CFIUS to identify and address foreign investments that 
pose threats to national security. The Committee will examine 
FIRRMA-related rulemaking, Administration resources devoted to 
CFIUS activities, and the effectiveness of pilot projects 
authorized by the legislation.
    Defense Production Act. The Committee will monitor the 
effectiveness of the Defense Production Act and its individual 
authorities in promoting national security and recovery from 
natural disasters.

                  International Development and Trade

    Global Economic Cooperation. The Committee will monitor the 
role of United States leadership in the governance of the 
global economic system. The Committee will examine the degree 
to which sustained international cooperation helps advance U.S. 
national security, economic interests, and values.
    Oversight of the International Financial Institutions. The 
Committee will examine U.S. participation in the international 
financial institutions (IFIs), including the International 
Monetary Fund, the World Bank, and the other multilateral 
development banks. The Committee will monitor accountability, 
openness, and transparency within the IFIs and the degree to 
which public participation in these institutions is a component 
of effective development and growth. The Committee will examine 
the World Bank's policies and operations in areas relating to 
labor markets and social protection policies.
    Global Poverty and Economic Inequality. The Committee will 
examine the role and effectiveness of the multilateral 
development banks (MBDs) in helping to foster growth and reduce 
poverty in Africa, Latin America, and in other poor regions in 
the world. The Committee will examine how some growth 
strategies appear more effective at reducing poverty than 
others and assess the degree to which economic growth has 
translated into sustained poverty reduction in countries 
assisted by the MDBs. The Committee will examine how increasing 
income inequality negatively affects the poverty-reducing 
effect of growth in a number of countries.
    International Financial Architecture. The Committee will 
review the annual report to Congress and testimony by the 
Secretary of the Treasury on the state of the international 
financial system and the International Monetary Fund (IMF). The 
Committee will examine the degree to which the IMF is focused 
on fighting corruption in its surveillance and program work, as 
well as its efforts, through technical assistance, to 
strengthen the capacity of Fund members to prevent money 
laundering and terrorist financing.
    IMF's 15th General Review of Quotas. The Committee will 
consider any request from the Administration for legislation to 
authorize U.S. commitments pursuant to an IMF quota reform 
agreement.
    World Bank Group Capital Increase. The Committee will 
consider any Administration request for congressional 
authorization for U.S. participation in capital increases for 
the International Bank for Reconstruction and Development and 
the International Finance Corporation.
    Replenishments of the International Development Association 
(IDA) and the African Development Fund (AfDF). The Committee 
will monitor U.S. participation in the replenishment 
negotiations for IDA and the AfDF.
    The International Development Association (IDA) and the 
International Finance Corporation (IFC). The Committee will 
examine financial transfers between IDA and the IFC with 
respect to both transparency and development impact. The 
Committee will monitor the degree to which IDA's bond issuances 
affect the ability of IDA to offer grants and highly 
concessional loans to the world's poorest countries.
    North American Development Bank (NADB). The Committee will 
examine the provision of financing by the NADB for 
environmental infrastructure projects along the U.S.-Mexico 
border region. The Committee will consider legislation to 
authorize the first general capital increase for NADB.
    Food Security and Climate Finance. The Committee will 
examine U.S. support for international agricultural development 
programs and multilateral cooperation on the global climate 
finance agenda.
    Developing Countries at Risk of Debt Distress. The 
Committee will monitor efforts by the United States to engage 
with other members of the IMF to pressure China to adopt global 
standards and practices on sustainable debt financing for 
developing countries, including a commitment to lending 
transparency.
    Global Capital Flows. The Committee will monitor the 
effects of the flow of capital globally, and, in particular, 
trends in foreign countries' investments of their large 
currency reserves in the United States and other countries. The 
Committee will examine the effects of the investment of these 
reserves on global financial stability and on multilateral 
policy initiatives. The Committee will also examine U.S. and 
multilateral policies on the regulation of capital flows.
    Trade in Financial Services. The Committee will monitor 
trade negotiations and discussions as they pertain to 
investment and trade in financial services. The Committee will 
monitor the progress of the United States' trading partners in 
meeting financial services and investment commitments under 
existing trade and investment agreements, particularly with 
respect to policies by China that limit the ability of U.S. 
financial services firms to access Chinese markets. The 
Committee will examine the Administration's articulation of a 
long-term economic development strategy with respect to both 
manufacturing and services.
    Brexit. The Committee will monitor the United Kingdom's 
process of withdrawal from the European Union, including its 
potential impact on the U.S. and global economy, transatlantic 
cooperation on economic and security issues including 
sanctions, counterterrorism efforts, and regulatory convergence 
between U.S. and foreign jurisdictions.
    Exchange Rates. The Committee will review the semi-annual 
report to Congress from the Secretary of the Treasury on 
international economic and exchange rate policies. The 
Committee will monitor developments related to the exchange 
rate policies of our major trading partners and monitor the 
effects of those policies on the competitiveness of U.S. firms 
and on the stability of the international financial system.
    Export-Import Bank of the United States. The Committee will 
examine the performance of the Export-Import Bank and its 
mission to support U.S. jobs by helping U.S. companies compete 
in the global economy. The Committee will consider legislation 
to reauthorize the Bank's charter before it expires on 
September 30, 2019. The Committee will also examine how the 
lack of a quorum on the Bank's Board of Directors has affected 
its ability to support American firms in the global market.
    Extractive Industries. The Committee will examine the 
establishment of a global standard for the public disclosure of 
payments that extractive companies make to governments, as well 
as the effectiveness of these revenue transparency laws abroad.
    Supply Chain Due Diligence. The Committee will examine 
supply chain due diligence laws in the U.S and abroad, and 
their enforcement, and the effects of such laws on the ability 
of companies to responsibly manage risk associated with the 
financing of conflict, human trafficking, and child labor.

                        Diversity and Inclusion

    Diversity Data. The Committee will review regulated 
entities' diversity data, including whether and how companies 
are: tracking internal and external workforce and supplier 
diversity activities to identify and mitigate vulnerable 
moments along the talent lifecycles; tying executives' 
performances to their ability to meet tangible diversity and 
inclusive goals; and, using such data to inform the composition 
of their boards of directors.
    Offices of Minority and Women Inclusion (OMWIs). The 
Committee will examine all matters relating to the diversity 
and inclusion activities within the agencies under the 
Committee's jurisdiction, including the implementation of 
Section 342 of the Dodd-Frank Act and Section 1116 of the 
Housing and Economic Recovery Act (HERA) by the OMWIs, which 
are responsible for handling all matters relating to diversity 
in management, employment, and business activities within most 
federal financial agencies. This review will include, among 
other things, monitoring whether the agencies have allocated 
appropriate resources for their OMWIs, maintained frequent 
interaction with and direct reporting lines between the heads 
of the agencies and their OMWI Directors, and established 
tangible and measurable outcomes within their long-term 
strategic plans and daily operations to achieve a diverse and 
inclusive culture throughout all levels of their agencies.
    Workforce, Supplier, and Business Diversity Efforts Within 
Agencies and their Regulated Entities. The Committee will 
consider measures to further leverage diverse and inclusive 
perspectives, skills, and talents within the workforces of 
agencies under the Committee's jurisdiction, particularly at 
the middle- and senior- management level, executive, and C-
suite positions, to help improve the agencies' services, foster 
greater innovation, and develop novel solutions. The Committee 
will also monitor agencies' policies and practices, as well 
those of their regulated entities, to ensure that workplace 
environments operate in a fair, transparent, and non- 
discriminatory manner for all their employees by ensuring that 
racial, ethnic, and gender minorities, without regard to their 
sex, including sexual orientation; gender identity; sex 
stereotypes; and pregnancy, childbirth, or a related medical 
condition, have equal opportunities.
    Recruitment, Retention and Promotion. The Committee will 
review the policies and practices of all the agencies under the 
Committee's jurisdiction, and of their regulated entities, to 
promote the recruitment, retention, and promotion of a diverse 
pool of employees, throughout all levels, of each organization 
but particularly at the middle- and senior-management level, 
executive, C-suite, and board of director positions. The 
Committee will review the commitment and behavior of leaders, 
as well as consider measures, to ensure that diversity and 
inclusive goals are effectively transmitted throughout their 
organizations, including holding managers accountable for 
achieving diverse and inclusive environments.
    The Rooney Rule. The Committee will consider policies that 
mandate the consideration of diverse employment candidates 
(referred to as ``The Rooney Rule''), and whether and how it 
has affected diversity and inclusion efforts, including efforts 
by the Federal Reserve to identify and select a diverse pool of 
candidates for senior- management positions throughout the 
entire Federal Reserve System.
    Vendor, Contractor, and Business Diversity. The Committee 
will monitor the agencies' efforts to increase diversity within 
their vendor and contractor pools, and may consider methods to 
address any challenges, or other barriers, to the agencies' 
capacity to enhance their supplier and business diversity. The 
Committee will also consider changes to increase the 
transparency of the diversity practices of the FHFA's regulated 
entities, including requiring public reporting of the total 
dollar amounts these entities spend on third party vendors and 
service providers and the amounts paid to firms that are 
minority-owned, women-owned, disability-owned, and other 
diverse-owned businesses on a regular basis.
    Financial and Economic Inclusion. The Committee will 
monitor the availability and affordability of financial 
products and services to communities such as underserved rural, 
urban, Tribal, indigenous and other minority communities, and 
certain populations such as immigrants, active-duty 
servicemembers and veterans and their families, older 
(including retired) Americans, young adults and college 
students, state- and federally-recognized Tribes, indigenous 
peoples, and low- and moderate-income consumers. The Committee 
will evaluate methods to expand access to the traditional 
financial services system to people in different social, 
income, and economic segments in this country, including 
methods to broaden homeownership, increase wages, promote 
employment within high-growth industries, encourage savings 
(including retirement savings), and investments.
    Wealth, Income Inequality, and Income Mobility. The 
Committee will examine the existing differences in wealth and 
income among American households across the country. The 
Committee will evaluate proposals to reduce disparities in 
opportunity that continue to persist across different segments 
of our society and that were exacerbated in the run-up to, and 
the fallout from, the 2008 financial crisis. The Committee will 
consider how the economic disparities in this country compare 
with other countries and whether successful approaches by other 
countries to reduce such disparities could serve as models for 
the U.S. The Committee will also monitor, among other things, 
whether economic opportunity zones have been successful in 
promoting intra and intergenerational income mobility. This 
review will include an assessment of the effect on employment 
and income mobility of factory and manual workers from trade 
agreements and the increasing use of automation by companies.
    Public Companies. The Committee will consider proposals to 
enhance diversity and inclusion practices and policies at 
public companies, including by more transparently reporting 
information about the diversity of perspectives and 
backgrounds, and the selection process of those who serve in 
middle- and senior- management level, executive, C-suite 
positions, and boards of directors.
    Diverse Entrepreneurs and Access to Capital. The Committee 
will monitor challenges faced by, and consider solutions to, 
encouraging the creation and growth of diverse entrepreneurs' 
businesses, particularly any unique challenges faced by 
minority-owned businesses, women-owned businesses, veteran-
owned businesses, Native-owned businesses, disability-owned 
businesses, and small businesses in obtaining access to capital 
and opportunities to obtain a fair allocation of federal funds 
and participation in federal programs. The Committee will also 
review how corporations collaborate with minority-owned, women-
owned and other diverse-owned firms in their capital markets 
activities, including but not limited to, the investment of 
pension, union, and retirement funds; externally managed 
investment and non-indexed funds; and alternative investments. 
The Committee will also monitor the implementation of data 
collection measures that could more effectively and efficiently 
inform the public, investors, regulators, and Congress about 
patterns and trends of business lending and other types of 
financing.
    Minority Depository Institution (MDIs). The Committee will 
monitor the federal financial regulators' compliance with the 
goals under Section 308 of the Financial Institutions Reform, 
Recovery, and Enforcement Act (FIRREA) and may consider other 
ways to further support MDIs.

          IMPLEMENTATION OF THE 116TH CONGRESS OVERSIGHT PLAN


  Implementation of the Oversight Plan of the Committee on Financial 
          Services for the One Hundred and Sixteenth Congress


                   Housing and Community Development

    Department of Housing and Urban Development (HUD) and U.S. 
Department of Agriculture (USDA). The Full Committee held a 
hearing on May 29, 2019 entitled, ``Housing in America: 
Oversight of the U.S. Department of Housing and Urban 
Development,'' which reviewed HUD's budget request for fiscal 
year 2020, and general oversight of the agency. The 
Subcommittee on Housing, Community Development, and Insurance 
held a hearing on April 2, 2019 entitled, ``The Affordable 
Housing Crisis in Rural America: Assessing the Federal 
Response,'' which reviewed USDA's budget request for fiscal 
year 2020. On January 18, 2019, Chairwoman Maxine Waters sent a 
letter to Secretary Ben Carson stating that HUD must comply 
with its contingency plan during the 2018-2019 government 
shutdown.
    Homelessness. The Full Committee held three separate 
hearings examining the current state of homelessness in the US 
and the federal response:
           ``Homeless in America: Examining the Crisis 
        and Solutions to End Homelessness,'' February 13, 2019: 
        This hearing focused on reviewing the causes and 
        possible solutions for addressing homelessness, as well 
        as HUD homelessness programs.
           ``Examining the Homelessness Crisis in Los 
        Angeles,'' August 14, 2019: This hearing focused 
        specifically on homelessness in Los Angeles, which has 
        seen homelessness rates reach crisis levels.
           ``On the Brink of Homelessness: How the 
        Affordable Housing Crisis and the Gentrification of 
        America Is Leaving Families Vulnerable,'' January 14, 
        2020: This hearing focused on how to better serve 
        families at risk of eviction and homelessness.
    The Committee considered the following legislation to 
address the homelessness crisis:
           H.R. 1856, the ``Ending Homelessness Act of 
        2019,'' introduced by Chairwoman Maxine Waters, which 
        would provide $13 billion in emergency relief funding 
        over five years to effectively address homelessness in 
        the U.S.
           H.R. 2398, the ``Veteran HOUSE Act of 
        2020,'' introduced by Representative Scott Peters, 
        which passed the House on January 13, 2020 and became 
        law as part of Pub. Law 116-__. This legislation 
        expands eligibility for the HUD Veterans Affairs 
        Supportive Housing (VASH) program to include homeless 
        veterans who received an ``other than honorable'' 
        discharge from the US military.
           H.R. 3018, the ``Ensuring Equal Access to 
        Shelter Act of 2019,'' introduced by Representative 
        Jennifer Wexton, which prohibits HUD from implementing, 
        administering, or enforcing a proposed rule that would 
        allow homeless services providers to deny emergency 
        shelter to transgender individuals experiencing 
        homelessness.
           H.R. 4029, the ``Tribal Eligibility for 
        Homeless Assistance Grants Act of 2019,'' introduced by 
        Representative Denny Heck, which passed the House on 
        November 18, 2020 and became law as part of Pub. Law 
        116-__. This legislation would make tribes and tribally 
        designated housing entities eligible to receive 
        McKinney-Vento Homeless Assistance Grant funding.
           H.R. 4300, the ``Fostering Stable Housing 
        Opportunities Act of 2019,'' introduced by 
        Representative Madeleine Dean, which passed the House 
        on November 18, 2020 which became law as part of Pub. 
        Law 116-__. This legislation would provide Family 
        Unification Program vouchers ``on demand'' who are at 
        risk of homelessness as they transition to adulthood.
           H.R. 4302, the ``Homeless Assistance Act of 
        2019,'' introduced by Representative Brad Sherman, 
        which passed the House on January 13, 2020. This bill 
        would authorize public housing agencies to disclose 
        information about individuals and families experiencing 
        homelessness to local Continuums of Care to help them 
        access services.
           H.R. 6294, the Improving Emergency Disease 
        Response via Housing Act of 2020, introduced by 
        Representative Scott Tipton, which passed the House on 
        September 21, 2020. This bill requires HUD to share 
        with the Department of Health and Human Services 
        information regarding populations that are particularly 
        vulnerable to or at risk of contracting COVID-19.
    Members of the Committee also sent several letters 
regarding the homelessness crisis:
           On January 18, 2019, Chairwoman Maxine 
        Waters sent a letter to Secretary Ben Carson stating 
        that HUD must comply with its contingency plan during 
        the 2018-2019 government shutdown by making funding for 
        homeless assistance available.
           On June 29, 2020, Chairwoman Maxine Waters 
        and Representative Jennifer Wexton sent a letter to 
        Secretary Carson asking HUD to reconsider its proposed 
        Equal Access Rule given potential contradictions 
        between language in the Bostock decision and the 
        language in the regulation.
           On October 29, 2019, Chairwoman Maxine 
        Waters sent a letter to President Trump requesting 
        information on the Administration's plans to address 
        homelessness.
    Rental Housing Crisis. The Full Committee held three 
hearings on the rental housing crisis:
           ``Housing in America: Assessing the 
        Infrastructure Needs of America's Housing Stock,'' 
        April 30, 2019: This hearing examined the affordable 
        rental housing crisis and the role HUD programs play in 
        addressing it. The hearing also examined the 
        limitations of these programs due to current funding 
        levels. The hearing reviewed proposals to preserve and 
        increase the supply of affordable rental housing.
           ``On the Brink of Homelessness: How the 
        Affordable Housing Crisis and the Gentrification of 
        America Is Leaving Families Vulnerable,'' January 14, 
        2020: This hearing reviewed the need to preserve 
        affordable rental housing in gentrifying neighborhoods.
           ``The Heroes Act: Providing for a Strong 
        Economic Recovery from COVID-19,'' July 23. This 
        hearing reviewed how the COVID-19 pandemic has 
        exacerbated the rental housing crisis in the US.
    The Subcommittee on Housing, Community Development and 
Insurance also held hearings on the rental housing crisis:
           ``The Affordable Housing Crisis in Rural 
        America: Assessing the Federal Response,'' April 2, 
        2019: This hearing reviewed the rental housing crisis 
        in rural America.
           ``Safe and Decent? Examining the Current 
        State of Residents'' Health and Safety in HUD 
        Housing,'' November 20, 2019: This hearing examined the 
        conduct of landlords participating in HUD programs.
           ``The Rent is Still Due: America's Renters, 
        COVID-19, and an Unprecedented Eviction Crisis,'' June 
        10, 2020: This hearing reviewed how the COVID-19 
        pandemic has exacerbated the rental housing crisis in 
        the US.
    The Committee considered the following legislation to 
address the rental housing crisis:
           H.R. 2763, the ``Keeping Families Together 
        Act of 2019,'' introduced by Representative Sylvia 
        Garcia, which would prohibit HUD from implementing, 
        administering, or enforcing a proposed rule that would 
        make families with mixed-immigration status ineligible 
        to live federally assisted housing, including public 
        housing.
           H.R. 3620, the ``Strategy and Investment in 
        Rural Housing Preservation Act of 2019,'' introduced by 
        Representative William Lacy Clay, which passed the 
        House on September 10, 2019. This bill would authorize 
        $1 billion over five years to preserve USDA-assisted 
        affordable rental housing and require the agency to 
        develop a plan for preservation.
           H.R. 4351, the ``Yes in My Back Yard Act,'' 
        introduced by Representative Denny Heck, which passed 
        the House on March 2, 2020. This bill would require 
        localities that receive Community Development Block 
        Grant (CDBG) funding to submit a plan to track and 
        report on the implementation of certain land use 
        policies that promote housing production.
           H.R. 5187, the ``Housing is Infrastructure 
        Act of 2019,'' introduced by Chairwoman Maxine Waters, 
        which passed the House on July 1, 2020. This bill would 
        authorize $100 billion in federal investments for the 
        nation's affordable housing infrastructure, including 
        public housing, supportive housing for seniors and 
        people with disabilities, housing affordable to the 
        lowest-income people, and rural and Native American 
        housing. Provisions of H.R. 5187 were incorporated into 
        H.R. 2, the ``Moving Forward Act.''
           H.R. 7301, the ``Emergency Housing 
        Protections and Relief Act of 2020,'' introduced by 
        Chairwoman Maxine Waters, which passed the House on 
        June 29, 2020. This bill would authorize emergency 
        housing aid to respond to the coronavirus pandemic, 
        including $100 billion in emergency rental assistance.
    On May 10, 2019, Chairwoman Maxine Waters sent a letter to 
Secretary Carson stating that HUD must withdraw its rule that 
would lead to the eviction of families of mixed immigration 
status from federally assisted housing.
    In addition, the Committee held a roundtable on September 
2, 2020, entitled ``Dismantling Barriers to Housing for 
America's Seniors and People with Disabilities,'' which 
discussed the need to ensure seniors and people with 
disabilities have access to accessible and integrated 
affordable housing. The Committee continued to monitor the 
expansion and implementation of the Moving to Work 
demonstration throughout the 116th Congress and held meetings 
with interested parties.
    Public Housing. The Full Committee held a hearing on April 
30, 2019 entitled, ``Housing in America: Assessing the 
Infrastructure Needs of America's Housing Stock,'' which 
reviewed the funding needs to address the capital backlog of 
repairs in public housing to improve the health and well-being 
of residents.
    The Subcommittee on Housing, Community Development, and 
Insurance held two hearings on public housing:
           ``Safe and Decent? Examining the Current 
        State of Residents'' Health and Safety in HUD 
        Housing,'' November 20, 2019: This hearing reviewed 
        health and safety hazards in HUD-subsidized properties, 
        including public housing.
           ``A Future Without Public Housing? Examining 
        the Trump Administrations Efforts to Eliminate Public 
        Housing,'' February 5, 2020: This hearing examined the 
        role public housing plays in addressing affordable 
        housing needs in the US, as well proposals to preserve 
        public housing. The hearing also reviewed HUD's Rental 
        Assistance Demonstration program, as well as the 
        agency's demolition and disposition process and its 
        impact on residents.
    The Committee considered the following legislation to 
address public housing issues:
           H.R. 1690, ``Safe Housing for Families Act 
        of 2019,'' introduced by Representative Chuy Garcia, 
        and became law as part of Pub. Law 116-__. This bill 
        would require carbon monoxide detectors be installed in 
        public housing, which passed the House on September 10, 
        2019 and became law as part of Pub. Law 116-__.
           H.R. 2763, the ``Keeping Families Together 
        Act of 2019,'' introduced by Representative Sylvia 
        Garcia, which would prohibit HUD from implementing, 
        administering, or enforcing a proposed rule that would 
        make families with mixed-immigration status ineligible 
        to live federally assisted housing, including public 
        housing.
           H.R. 5187, the ``Housing is Infrastructure 
        Act of 2019,'' introduced by Chairwoman Maxine Waters, 
        which passed the House on July 1, 2020. This bill would 
        authorize $100 billion in federal investments for the 
        nation's affordable housing infrastructure, including 
        $70 billion to fully address the backlog of capital 
        repairs in public housing. Provisions of H.R. 5187 were 
        incorporated into H.R. 2, the ``Moving Forward Act.''
    Members of the Committee also sent several letters 
regarding public housing:
           On May 10, 2019, Chairwoman Maxine Waters 
        sent a letter to Secretary Carson stating that HUD must 
        withdraw its rule that would lead to the eviction of 
        families of mixed immigration status from federally 
        assisted housing, including public housing.
           On November 18, 2019, Chairwoman Maxine 
        Waters sent a letter to Secretary Carson stating that 
        HUD must ensure the agency includes tenant perspectives 
        when developing and implementing its demonstration to 
        update the physical inspection protocol of HUD-assisted 
        properties, including public housing.
    Rural Housing. The Subcommittee on Housing, Community 
Development, and Insurance held a hearing on April 2, 2019 
entitled, ``The Affordable Housing Crisis in Rural America: 
Assessing the Federal Response,'' which examined USDA's 
affordable housing programs, the affordable housing needs in 
rural communities and ways to preserve USDA-assisted rural 
housing.
    The Committee considered the following legislation 
addressing rural housing:
           H.R. 3620, the ``Strategy and Investment in 
        Rural Housing Preservation Act of 2019,'' introduced by 
        Representative William Lacy Clay, which passed the 
        House on September 10, 2019. This bill would authorize 
        $1 billion over five years to preserve USDA-assisted 
        affordable rental housing and require the agency to 
        develop a plan for preservation.
           H.R. 5187, the ``Housing is Infrastructure 
        Act of 2019,'' introduced by Chairwoman Maxine Waters, 
        which passed the House on July 1, 2020. This bill would 
        authorize $100 billion in federal investments for the 
        nation's affordable housing infrastructure, including 
        $1 billion for rural housing preservation. Elements of 
        H.R. 5187 were incorporated into H.R., 2, the ``Moving 
        Forward Act.''
    Community Development. The Full Committee held a hearing on 
April 30, 2019 entitled, ``Housing in America: Assessing the 
Infrastructure Needs of America's Housing Stock,'' which 
reviewed legislation to help communities better leverage and 
coordinate housing and community development with other 
resources.
    The Committee considered the following legislation 
addressing community development:
           H.R. 4351, the ``Yes in My Back Yard Act,'' 
        introduced by Representative Denny Heck, which would 
        require localities that receive CDBG funding to submit 
        a plan to track and report on the implementation of 
        certain land use policies that promote housing 
        production.
           H.R. 5187, the ``Housing is Infrastructure 
        Act of 2019,'' introduced by Chairwoman Maxine Waters, 
        which passed the House on July 1, 2020. This bill would 
        create a set-aside within the CDBG program to leverage 
        and coordinate housing development with transportation 
        resources. Elements of H.R. 5187 were incorporated into 
        H.R. 2, the ``Moving Forward Act.''
    In addition, the Committee continued to monitor the 
development and implementation of the Opportunity Zones 
throughout the 116th Congress and held meetings with interested 
parties.
    Disaster Recovery, Resilience, and Sustainable Development. 
The Subcommittee on Oversight and Investigations held a hearing 
on, May 17, 2019 entitled ``Community Development Block Grant-
Disaster Recovery Program--Stakeholder Perspectives,'' which 
reviewed the CDBG-DR program and ongoing efforts to provide 
relief to areas recovering from disasters.
    The Committee considered the following legislation related 
to disaster recovery and sustainable development:
           H.R. 3702, the ``Reforming Disaster Recovery 
        Act,'' introduced by Representative Al Green, which 
        passed the House on November 18, 2019. This bill would 
        reform the CDBG-DR program to enhance our nation's 
        ability to withstand future disasters.
           H.R. 5187, the ``Housing is Infrastructure 
        Act of 2019,'' introduced by Chairwoman Maxine Waters, 
        which passed the House on July 1, 2020. This bill would 
        authorize $100 billion in federal investments for the 
        nation's affordable housing infrastructure, including 
        $1 billion to support mitigation efforts that can 
        protect communities from future disasters, and requires 
        nearly all funding authorized be used for sustainable 
        building features, such as energy efficient retrofits. 
        Elements of H.R. 5187 were incorporated into H.R., 2, 
        the ``Moving Forward Act.''
    On May 5, 2019, Chairwoman Maxine Waters and Representative 
Al Green sent a letter to Rae Oliver Davis, Inspector General 
for the U.S. Department of Housing and Urban Development (HUD), 
to investigate reports that HUD had not provided sufficient 
information to its inspector general's office to allow its 
inspector general to thoroughly investigate the Committee's 
concerns with Puerto Rico's CDBG-DR funding. On January 13, 
2020, Representative Nydia Velazquez and Chairwoman Waters sent 
a letter to Secretary Carson requesting a meeting with him to 
discuss why HUD was withholding CDBG-DR funds from Puerto Rico.
    On October 10 and 11, 2019 Representative Al Green and 
Committee staff travelled to the Bahamas to assess the damage 
and destruction caused by Hurricane Dorian, and to engage in 
dialogue with Bahamian leaders to learn more about their 
recovery response and steps that they are taking to mitigate 
future disasters to better understand how the U.S. could 
improve its disaster response.
    Fair Housing. The Full Committee held two hearings on fair 
housing:
           ``The Fair Housing Act: Reviewing Efforts to 
        Eliminate Discrimination and Promote Opportunity in 
        Housing,'' April 2, 2019: This hearing examined the 
        state of fair housing in America, including evolving 
        issues in the digitization of the housing market and 
        the Department of Housing and Urban Development's 
        enforcement of the Fair Housing Act under Secretary 
        Carson.
           ``An Examination of Facebook and Its Impact 
        on the Financial Services and Housing Sectors,'' 
        October 23, 2019: This hearing examined Facebook's 
        activities in the financial services and housing 
        sectors, including those related to fair housing, 
        diversity and inclusion, alternative data, and data 
        privacy.
    The Subcommittee on Oversight and Investigations held one 
hearing and one field hearing on fair housing:
           ``Examining Discrimination and Other 
        Barriers to Consumer Credit, Homeownership, and 
        Financial Inclusion in Texas,'' September 4, 2019: This 
        hearing examined access to affordable housing, credit, 
        and banking services in low- and moderate-income 
        (``LMI'') neighborhoods.
           ``Financial Services and the LGBTQ+ 
        Community: A Review of Discrimination in Lending and 
        Housing,'' October 29, 2019: This hearing examined the 
        extent and effects of discrimination against persons 
        who identify as lesbian, gay, bisexual, transgender or 
        queer (``LGBTQ+'') when seeking housing or credit in 
        the United States. Witness testimony examined the 
        relevant data that are currently available to inform 
        policy makers regarding the nature and scope of such 
        discrimination.
    The Committee considered H.R. 149, the ``Housing Fairness 
Act of 2020,'' introduced by Representative Al Green, which 
would authorize increased funding for the Department of Housing 
and Urban Development's (HUD) Fair Housing Initiatives Program 
(FHIP) and make a number of reforms to FHIP. It would also 
establish a new competitive matching grant program at HUD to 
support comprehensive studies of the causes and effects of 
ongoing discrimination and segregation, and the implementation 
of pilot projects to test solutions.
    Members of the Committee sent the following letters to 
address fair housing:
           On November 22, 2019, Chairwoman Maxine 
        Waters and Committee Democrats sent a letter to 
        Secretary Carson urging that HUD rescind its proposed 
        disparate impact rule that would make it harder for 
        everyday Americans who find themselves victims of 
        housing discrimination to get justice.
           On December 18, 2019, Chairwoman Maxine 
        Waters sent a letter to Secretary Carson requesting 
        that HUD immediately release the FY 2019 Notice of 
        Funding Availability (NOFA) for FHIP. The letter also 
        requested that the Secretary respond to the letter with 
        a specific explanation as to HUD's failure to release 
        the final FY19 FHIP NOFA in a timely manner, as well as 
        HUD's plan for avoiding such delays in the future.
           On March 20, 2020, during the COVID-19 
        pandemic, 30 Members of Congress, including 24 
        Committee Members, sent a letter to Secretary Carson 
        urging that HUD rescind its proposed changes to the 
        Affirmatively Furthering Fair Housing (AFFH) rule that 
        would shift the focus of the rule to a general lack of 
        housing supply rather than the specific lack of housing 
        opportunities for protected classes of people and would 
        dilute accountability and enforcement of this key 
        mandate under the Fair Housing Act.
    Native American and Native Hawaiian Housing. The Committee 
continued to monitor developments on Native American and Native 
Hawaiian housing throughout the 116th Congress and held 
meetings with interested parties.
    The Committee also considered the following legislation 
related to this matter:
           H.R. 4029, the ``Tribal Eligibility for 
        Homeless Assistance Grants Act of 2019,'' introduced by 
        Representative Denny Heck, which passed the House on 
        November 18, 2020 and became law as part of Public Law 
        116-__ [H.R. 133, Appropriations]. This bill would make 
        tribes and tribally designated housing entities 
        eligible to receive McKinney-Vento Homeless Assistance 
        Grant funding.
           S. 2725, the ``Native American Housing 
        Affordability Act of 2019'', which allows the 
        Department of Housing and Urban Development (HUD) to 
        more expeditiously issue a certificate of guarantee for 
        certain loans related to Native American housing also 
        became law as part of Public Law 116-__[same].
    Housing Finance and Access to Homeownership. The Full 
Committee held the following hearings on housing finance and 
access to homeownership:
           ``The End of Affordable Housing? A Review of 
        the Trump Administration's Plan to Change Housing 
        Finance in America,'' October 22, 2019: This hearing 
        examined the impact of the Trump Administration's 
        housing finance reform plans.
           ``Protecting Seniors: A Review of the FHA's 
        Home Equity Conversion Mortgage (HECM) Program,'' 
        September 25, 2019: This hearing examined the Federal 
        Housing Administration's (FHA's) HECM program, which 
        remains the only source of federal backing for reverse 
        mortgages. This hearing also explored the benefits that 
        the program offers for seniors as well as some of the 
        challenges that the program has encountered.
           ``An Examination of the Federal Housing 
        Administration and Its Impact on Homeownership in 
        America,'' December 5, 2019: This hearing examined the 
        role that the Federal Housing Administration (FHA) 
        plays in the nation's housing finance system, and 
        proposals to improve FHA's ability to promote access to 
        homeownership, particularly for underserved borrowers.
           ``Prioritizing Fannie's and Freddie's 
        Capital Over America's Homeowners and Renters? A Review 
        of the Federal Housing Finance Agency's Response to the 
        COVID-19 Pandemic,'' September 16, 2020: This hearing 
        examined the steps taken by the Federal Housing Finance 
        Agency (FHFA) to stabilize the housing finance market 
        and provide relief to homeowners and renters during the 
        COVID-19 pandemic. The hearing also focused on how 
        Director Calabria's policies affected underserved 
        borrowers and those hardest hit by the economic 
        downturn.
    The Subcommittee on Housing, Community Development, and 
Insurance held two hearings and the Subcommittee on Oversight 
and Investigations held one field hearing on housing finance 
and access to homeownership:
           ``A Review of the State of and Barriers to 
        Minority Homeownership,'' May 8, 2019: This hearing 
        examined the historical background of discrimination in 
        homeownership and mortgage lending; the effect of the 
        foreclosure crisis on minority communities; current 
        trends and future projections on homeownership rates 
        between households of color and White households; and 
        how to address ongoing systemic barriers to minority 
        homeownership through federal policies and legislation.
           ``What's Your Home Worth? A Review of the 
        Appraisal Industry,'' June 20, 2019: This hearing 
        examined a number of critical topics affecting the 
        appraisal industry including the de minimus threshold, 
        appraiser independence, the role of technology in 
        appraisals, and racial disparities in home valuations.
           ``An Examination of the Housing Crisis in 
        Michigan, 11 Years after the Recession,'' August 2, 
        2019: This field hearing, held in Detroit, Michigan, 
        explored the impacts of the Community Reinvestment Act 
        (CRA), discriminatory housing practices, and how 
        equitable and fair housing in Michigan can be achieved.
    The Committee considered the following legislation to 
address the rental housing crisis:
           H.R. 1060, the BUILD Act, introduced by 
        Representative Barry Loudermilk, which passed the House 
        of Representatives on May 14, 2019. This bill allows 
        nonprofit organizations offering mortgage loans for 
        charitable purposes to use certain alternative forms to 
        satisfy disclosure requirements.
           H.R. 2162, introduced by Representative 
        Joyce Beatty, the Housing Financial Literacy Act of 
        2019, which passed the House of Representatives on July 
        10, 2019. This bill gives first-time homebuyers who 
        complete a Department of Housing and Urban Development-
        certified counseling course a discount on their Federal 
        Housing Administration mortgage insurance premium.
           H.R. 2852, the ``Homebuyer Assistance Act of 
        2019,'' introduced by Representative Brad Sherman, 
        which passed the House of Representatives on September 
        10, 2019. This bill would change the property appraisal 
        requirements for mortgages backed by the Federal 
        Housing Administration (FHA) by allowing licensed 
        appraisers to conduct appraisals for such mortgages, 
        rather than only certified appraisers. This would bring 
        FHA standards in line with those set by Fannie Mae and 
        Freddie Mac. This bill would also set minimum 
        requirements for education specific to FHA appraisals 
        that appraisers must undergo to be eligible to conduct 
        FHA appraisals.
           H.R. 3154, the ``Homeownership for DREAMers 
        Act,'' introduced by Representative Juan Vargas, which 
        would clarify that recipients of Deferred Action for 
        Childhood Arrivals (DACA) cannot be deemed ineligible 
        for mortgage loans backed by FHA, Fannie, Freddie, or 
        the USDA solely on the basis of their status as DACA 
        recipients.
           H.R. 3619, the ``Appraisal Fee Transparency 
        Act of 2019,'' introduced by Representative William 
        Lacy Clay, which passed the House of Representatives on 
        September 22, 2019. This bill would provide the 
        Appraisal Subcommittee (ASC) with greater flexibility 
        to determine the structure and amount of the fee 
        charged to appraisal management companies (AMCs), 
        provide the ASC with greater flexibility to utilize fee 
        proceeds to partner with different entities to ensure 
        compliance with federal appraisal standards, add a 
        representative of the Department of Veterans Affairs 
        (VA) to the ASC, create a national registry of 
        appraisers in training, and provide consumers with 
        greater transparency in the disclosure of fees paid for 
        appraisals.
    On May 22, 2020, the Subcommittee on Housing, Community 
Development, and Insurance held a virtual rountable entitled, 
``Reviewing the Impact of the COVID-19 Pandemic on U.S. Housing 
Markets.''
    Federal Housing Finance Agency (FHFA), Federal National 
Mortgage Association (Fannie Mae), Federal Home Loan Mortgage 
Corporation (Freddie Mac), Federal Home Loan Banks (FHLBs). The 
Committee held two hearings on FHFA, the Enterprises, and 
FHLBs:
           ``The End of Affordable Housing? A Review of 
        the Trump Administration's Plan to Change Housing 
        Finance in America,'' October 22, 2019: This hearing 
        examined the impact of the Trump Administration's 
        housing finance reform plans.
           ``Prioritizing Fannie's and Freddie's 
        Capital Over America's Homeowners and Renters? A Review 
        of the Federal Housing Finance Agency's Response to the 
        COVID-19 Pandemic,'' September 16, 2020: This hearing 
        examined the steps taken by the Federal Housing Finance 
        Agency (FHFA) to stabilize the housing finance market 
        and provide relief to homeowners and renters during the 
        COVID-19 pandemic. The hearing also focused on how 
        Director Calabria's policies affected underserved 
        borrowers and those hardest hit by the economic 
        downturn.
    Members of the Committee sent the following letters related 
to these matters:
           On June 25, 2020, Chairwoman Maxine Waters, 
        Representative William Lacy Clay, and Representative 
        Juan Vargas sent a letter to Director Calabria and 
        Secretary Carson calling on them to amend their 
        agencies' policies which penalize loans that go into 
        forbearance prior to being insured by FHA or purchased 
        by Fannie Mae or Freddie Mac (collectively ``the 
        Enterprises'''), unnecessarily resulting in increased 
        costs for borrowers.
           On July 25, 2020, Chairwoman Maxine Waters, 
        Representative William Lacy Clay, and Representative 
        Denny Heck sent a letter to Director Calabria urging 
        FHFA to prioritize economic recovery amid the COVID-19 
        pandemic crisis by pausing a rulemaking that would set 
        new capital requirements for the Enterprises until 
        after the pandemic.
           On December 3, 2020, Chairwoman Maxine 
        Waters, sent a letter to Director Calabria,), urging 
        him to fully engage with Congress, halt all efforts to 
        raise the capital requirements for Fannie Mae and 
        Freddie Mac and halt all efforts to release them from 
        conservatorship. The letter also requests that the 
        agency cease and desist from finalizing any ``midnight 
        rules''' or other administrative actions until 
        President-Elect Joseph R. Biden is sworn into office on 
        January 20, 2021 and his Administration can review.
    On August 14, 2020, Chairwoman Maxine Waters and 
Representative William Lacy Clay issued a statement urging the 
FHFA to reverse a decision to allow the Enterprises to impose a 
new adverse-market refinance fee of 0.5 percent on refinanced 
mortgage loans sold to them after September 1, 2020. After 
feedback from stakeholders and the White House, the FHFA 
extended the implementation date to December 1, 2020.
    Government National Mortgage Association (Ginnie Mae). The 
Full Committee held a hearing on Ginnie Mae entitled ``The End 
of Affordable Housing? A Review of the Trump Administration's 
Plan to Change Housing Finance in America,'' October 22, 2019: 
This hearing examined the impact of the Trump Administration's 
plans for housing finance.
    The Committee considered the following legislation related 
to Ginnie Mae: H.R. 1988, the ``Protect Affordable Mortgages 
for Veterans Act,'' introduced by Representative David Scott, a 
form of which became Public Law 116-133, addresses the 
unintended consequences of Section 309 of the ``Economic 
Growth, Regulatory Relief, and Consumer Protection Act,'' by 
grandfathering in a subset of loans previously ineligible for 
Ginnie Mae securities. The bill also incorporated language to 
address a technical issue related to the tolling of the loan 
seasoning period.
    Federal Housing Administration (FHA). The Subcommittee on 
Housing, Community Development and Insurance held two hearings 
and the Subcommittee on Oversight and Investigations held one 
hearing on FHA:
           ``Housing in America: Oversight of the U.S. 
        Department of Housing and Urban Development,'' May 21, 
        2019: This hearing examined HUD's current state of 
        affairs and addressed major changes to agency policies 
        and programs since 2017.
           ``Protecting Seniors: A Review of the FHA's 
        Home Equity Conversion Mortgage (HECM) Program,'' 
        September 25, 2019: This hearing examined the Federal 
        Housing Administration's (FHA's) HECM program, which 
        remains the only source of federal backing for reverse 
        mortgages. This hearing also explored the benefits that 
        the program offers for seniors as well as some of the 
        challenges that the program has encountered.
           ``An Examination of the Federal Housing 
        Administration and Its Impact on Homeownership in 
        America,'' December 5, 2019: This hearing examined the 
        role that the Federal Housing Administration (FHA) 
        plays in the nation's housing finance system, and 
        proposals to improve FHA's ability to promote access to 
        homeownership, particularly for underserved borrowers.
    The Committee considered the following legislation to 
address the rental housing crisis:
           H.R. 123, the ``Alternative Data for 
        Additional Credit FHA Pilot Program Act,'' introduced 
        by Representative Al Green, which would reauthorize 
        HUD's statutory authority to implement a pilot program 
        under FHA to increase credit access for borrowers with 
        thin or no credit files through the use of additional 
        credit data. The ANS would also require HUD to report 
        pilot program findings.
           H.R. 2852, the ``Homebuyer Assistance Act of 
        2019,'' introduced by Representative Brad Sherman, 
        which passed the House of Representatives on September 
        10, 2019. This bill would change the property appraisal 
        requirements for mortgages backed by the Federal 
        Housing Administration (FHA) by allowing licensed 
        appraisers to conduct appraisals for such mortgages, 
        rather than only certified appraisers. This would bring 
        FHA standards in line with those set by Fannie Mae and 
        Freddie Mac. This bill would also set minimum 
        requirements for education specific to FHA appraisals 
        that appraisers must undergo to be eligible to conduct 
        FHA appraisals.
           H.R. 3958, the ``FHA Foreclosure Prevention 
        Act of 2019, introduced by Chairwoman Maxine Waters, 
        which passed the House on May 15, 2020. This bill would 
        enhance FHA's oversight of loss mitigation and 
        establish a complaint and appeals process for borrowers 
        who believe their servicer is out of compliance with 
        FHA's servicing requirements. Elements of H.R. 3958 
        were incorporated into H.R. 6800, the ``Heroes Act.''
           H.R. 5931, the ``Improving FHA Support for 
        Small Dollar Mortgages Act of 2020,'' introduced by 
        Representative William Lacy Clay, which would require 
        FHA to conduct a review of its policies to identify any 
        barriers to supporting mortgages under $70,000 and 
        report to Congress within a year with a plan for 
        removing such barriers.
    On June 23, 2020, Chairwoman Maxine Waters and 
Representative Al Green sent a letter to Rae Oliver Davis, 
Inspector General for the U.S. Department of Housing and Urban 
Development (HUD), requesting an investigation into HUD's 
decision to exclude Deferred Action for Childhood Arrivals 
(DACA) recipients from the Federal Housing Administration (FHA) 
mortgage insurance program. The letter followed the publication 
of internal HUD and FHA communications revealing that HUD and 
FHA secretly changed existing policy by prohibiting DACA 
recipients from receiving FHA loans. In the letter, Chairwoman 
Maxine Waters and Representative Al Green expressed concerned 
that HUD's policy change potentially violated the 
Administrative Procedures Act. Chairwoman Maxine Waters and 
Representative Al Green also expressed concern that HUD 
officials may have made false and misleading statements to 
Congress throughout 2018 and 2019 regarding whether HUD changed 
its policies on DACA recipients' eligibility for FHA loans.
    Private Mortgage Insurance (PMI). The Committee considered 
the following legislation to address PMI:
           On July 10, 2019, the House of 
        Representatives passed H.R. 2162, introduced by 
        Representative Joyce Beatty, the Housing Financial 
        Literacy Act of 2019, which gives first-time homebuyers 
        who complete a Department of Housing and Urban 
        Development-certified counseling course a discount on 
        their Federal Housing Administration mortgage insurance 
        premium.
           H.R. 3141, the ``FHA Loan Affordability Act 
        of 2019,'' introduced by Representative Dean Phillips, 
        would repeal the requirement that Federal Housing 
        Administration (FHA) borrowers pay mortgage insurance 
        premiums for the life of the loan and reinstate the 
        FHA's previous policy of requiring borrowers to pay 
        premiums until the outstanding principal balance 
        reaches 78 percent of the original home value.
    Mortgage Servicing. The Subcommittee on Oversight and 
Investigations held a hearing entitled ``Protecting Homeowners 
During the Pandemic: Oversight of Mortgage Servicers'' 
Implementation of the CARES Act,'' July 13, 2020: This hearing 
examined the challenges faced by homeowners as a result of the 
coronavirus pandemic and associated economic crisis, including 
the disparate impact on communities of color. The hearing also 
examined the responsibilities of mortgage servicers, pursuant 
to the CARES Act, to assist home mortgage borrowers impacted by 
the pandemic.
    On July 23, 2020, the Full Committee held a hearing 
entitled, ``The Heroes Act: Providing for a Strong Economic 
Recovery from COVID-19,'' to review the provisions of H.R. 
6800, the Heroes Act that would help consumers and small 
businesses during the COVID-19 emergency.
    On May 4, 2020, Chairwoman Maxine Waters; Representative 
Gregory Meeks, Representative William Lacy Clay, and 
Representative Al Green sent letters to the nation's largest 
mortgage servicers requesting information related to their 
communications about relief available to borrowers with 
federally-backed mortgages under the Coronavirus Aid, Relief, 
and Economic Security (CARES) Act.

                               Insurance

    National Flood Insurance Program (NFIP). The Full Committee 
held a hearing on March 13, 2019, entitled ``Preparing for the 
Storm: Reauthorization of the National Flood Insurance 
Program.'' In June 2019, the Committee considered and passed 
H.R. 3167, The National Flood Insurance Program (NFIP) 
Reauthorization Act of 2019, and a short-term reauthorization 
of NFIP was included in FY 2020 and 2021 appropriations 
measures.
    Federal Insurance Office (FIO). The Committee continued to 
monitor developments and conducted oversight of funding and 
staffing cuts to the FIO throughout the 116th Congress and held 
meetings with interested parties.
    Terrorism Risk Insurance Program. The Full Committee held a 
hearing on October 16, 2019 entitled ``Protecting America: The 
Reauthorization of the Terrorism Risk Insurance Program.'' The 
Committee considered and passed H.R. 4634, introduced by 
Chairwoman Maxine Waters, reauthorizing the Terrorism Risk 
Insurance Program for ten years. Elements of H.R. 4634 were 
incorporated into H.R 1865, the ``Further Consolidated 
Appropriations Act, 2020,'' which extended the authorization 
for seven years and became Public Law 116-94.
    Insurance Sector Supervision. The Committee continued to 
monitor developments on Insurance Sector Supervision throughout 
the 116th Congress and held meetings with interested parties.
    International Insurance Developments. The Committee 
continued to monitor developments on International Insurance 
Developments throughout the 116th Congress and held meetings 
with interested parties.
    Cyber Insurance. The Committee continued to monitor 
developments on Cyber Security throughout the 116th Congress 
and held meetings with interested parties. Representative Al 
Green of Texas offered an amendment on a GAO study relating to 
financial incentives to address cyber threats that became law 
as part of Public Law 116-__ (H.R. 6395, NDAA).
    Auto Insurance. The Subcommittee on National Security, 
International Development, and Monetary Policy held a hearing 
on March 4, 2020 titled ``Drivers of Discrimination: An 
Examination of Unfair Premiums, Practices, and Policies in the 
Auto Insurance Industry.'' The hearing looked at the issue of 
auto insurance discrimination, and whether insurers are using 
factors like race rather than drivers' records in setting auto 
insurance premiums.

             Consumer Protection and Financial Institutions

    Government Shutdown. The Committee continued to monitor 
developments on the 2019-2020 government shutdown throughout 
the 116th Congress. Staff held meetings with interested parties 
and addressed relief to consumers who lost income due to the 
government shut down via legislation and letters to the 
appropriate banking and regular bodies inquiring as to how they 
will help consumers.
    The Committee also considered legislation relating to the 
effects of government shutdowns:
           H. Res. 77, a resolution introduced by 
        Chairwoman Maxine Waters, which was passed by the House 
        of Representatives on January 29, 2019. This bill 
        encourages financial institutions, consumer reporting 
        agencies, and other entities to do what they can to 
        help consumers, including federal employees, 
        contractors, small businesses, and other individuals 
        affected by the Trump federal government shutdown.
           H.R. 2290, the Shutdown Guidance for 
        Financial Institutions Act, introduced by 
        Representative Jennifer Wexton, which passed the House 
        of Representatives on September 22, 2019. This bill 
        directs financial regulators--including the Federal 
        Reserve Board, the Consumer Financial Protection 
        Bureau, the Office of the Comptroller of the Currency, 
        the Federal Deposit Insurance Corporation, and the 
        National Credit Union Administration--to issue guidance 
        relating to a government shutdown, including 
        encouraging financial institutions to modify loan terms 
        and to extend credit to consumers and businesses 
        affected by a shut down and to take steps to prevent 
        the reporting of adverse credit information related to 
        a government shutdown. Among other things, financial 
        regulators must issue guidance encouraging financial 
        institutions.
           H.R.4328, the Protecting Innocent Consumers 
        Affected by a Shutdown Act, introduced by Chairwoman 
        Maxine Waters which establishes a mechanism to identify 
        affected consumers, and it restricts furnishers and the 
        CRAs from including adverse financial information 
        resulting from a government shutdown in the affected 
        consumers credit profiles for the duration of a 
        shutdown plus 90 days. The bill also restricts any user 
        of consumer reports, including creditors, potential 
        employers, and others, from considering adverse 
        information regarding a consumer affected by a 
        shutdown.
    The Committee sent two letters relating to the effects of 
the Government Shutdown:
           On January 11, 2019, Chairwoman Maxine 
        Waters, wrote a letter to Federal Reserve Chairman 
        Jerome Powell, Federal Deposit Insurance Corporation 
        Chairman Jelena McWilliams, Consumer Financial 
        Protection Bureau Director Kathy Kraninger, Comptroller 
        of the Currency Joseph Otting, and National Credit 
        Union Administration Chairman Mark McWatters, urging 
        the regulators to consider the needs of consumers who 
        may be experiencing temporary financial hardship in 
        meeting credit obligations as a result of the shutdown.
           On January 28, 2019, Chairwoman Maxine 
        Waters, wrote to the heads of financial services 
        industry trade associations and the largest credit 
        reporting agencies to call on them to describe what 
        their institutions and member companies are doing to 
        help consumers affected by the shutdown.
    Protecting Consumers. The Committee held a number of 
hearings on consumer financial protection:
           On March 7, 2019, the Full Committee held a 
        two-panel hearing entitled, ``Putting Consumers First? 
        A Semi-Annual Review of the Consumer Financial 
        Protection Bureau,'' to examine its Semi-Annual report 
        to Congress and to address concerns that Consumer 
        Bureau has not recently fulfilled both the spirit and 
        plain letter of the Dodd-Frank Wall Street Reform and 
        Consumer Protection Act.
           On March 12, 2019, the Full Committee held a 
        hearing entitled, ``Holding Megabanks Accountable: An 
        Examination of Wells Fargo's Pattern of Consumer 
        Abuse'' to discuss Financial various instances of 
        consumer abuses, including fraudulent account creations 
        and insurance schemes at Wells Fargo and its 
        subsidiaries.
           On October 16, 2019 the Full Committee held 
        a hearing entitled, ``Who is Standing Up for Consumers? 
        A Semi-Annual Review of the Consumer Financial 
        Protection Bureau,'' to examine its Semi-Annual report 
        to Congress and to address concerns that Consumer 
        Bureau has not recently fulfilled both the spirit and 
        plain letter of the Dodd-Frank Wall Street Reform and 
        Consumer Protection Act.
           On February 6, 2020, the Full Committee held 
        a hearing entitled, ``Protecting Consumers or Allowing 
        Consumer Abuse? A Semi-Annual Review of the Consumer 
        Financial Protection Bureau'' to examine its Semi-
        Annual report to Congress and to address concerns that 
        Consumer Bureau has not recently fulfilled both the 
        spirit and plain letter of the Dodd-Frank Wall Street 
        Reform and Consumer Protection Act.
           On July 30, 2020, the Full Committee held a 
        hearing entitled, ``Protecting Consumers During the 
        Pandemic? An Examination of the Consumer Financial 
        Protection Bureau'' to examine its Semi-Annual report 
        to Congress, to address concerns that Consumer Bureau 
        has not recently fulfilled both the spirit and plain 
        letter of the Dodd-Frank Wall Street Reform and 
        Consumer Protection Act, and to discuss updates to how 
        the CFPB is helping consumers during the COVID-19 
        emergency period.
    The Committee considered numerous legislation that touched 
on consumer protection, including H.R. 1500, the Consumers 
First Act, introduced by Chairwoman Maxine Waters, a bill to 
block the Trump Administration's anti-consumer agenda and 
reverse their past efforts to undermine the mission of the 
Consumer Financial Protection Bureau. This bill passed the 
House of Representatives on May 22, 2019.
    On March 11, 2020, Congresswoman Maxine Waters, along with 
the Subcommittee and Taskforce Chairs, led six letters to 
Administration officials, prudential regulators, financial 
services organizations and credit reporting agencies expressing 
concerns about risks related to coronavirus disease 2019 
(COVID-19) and the steps they are taking to prevent Americans 
and the financial system from being harmed.
    On June 9, 2020, Chairwoman Maxine Waters and 
Representative Al Green sent a letter to NCUA Chairman Rodney 
Hood requesting documents regarding the NCUA's sale of taxi 
medallion loans to Marblegate Asset Management LLC. Following 
the sale, Committee Democrats representing districts in New 
York City called for a Committee investigation due to concerns 
that the NCUA conducted the transaction without sufficient due 
diligence or consideration of borrower interests. In response 
to Chairwoman Maxine Waters' and Representative Green's letter, 
the NCUA produced to the Committee the sale agreement between 
the NCUA and Marblegate and portions of responses to the NCUA's 
request for qualifications for the sale of the taxi medallion 
loans. The documents produced provided the Committee 
additional, nonpublic information regarding the NCUA's 
consideration of borrower interests during the transaction and 
have informed Committee members' consideration of the need for 
borrower protections in NCUA loan sales.
    Consumer Financial Protection Bureau. The Committee held a 
number of hearings relating to the Consumer Financial 
Protection Bureau (CFPB):
           On March 7, 2019, the Full Committee held a 
        two-panel hearing entitled, ``Putting Consumers First? 
        A Semi-Annual Review of the Consumer Financial 
        Protection Bureau,'' to examine its Semi-Annual report 
        to Congress and to address concerns that Consumer 
        Bureau has not recently fulfilled both the spirit and 
        plain letter of the Dodd-Frank Wall Street Reform and 
        Consumer Protection Act.
           On October 16, 2019 the Full Committee held 
        a hearing entitled, ``Who is Standing Up for Consumers? 
        A Semi-Annual Review of the Consumer Financial 
        Protection Bureau,'' to examine its Semi-Annual report 
        to Congress and to address concerns that Consumer 
        Bureau has not recently fulfilled both the spirit and 
        plain letter of the Dodd-Frank Wall Street Reform and 
        Consumer Protection Act.
           On February 6, 2020, the Full Committee held 
        a hearing entitled, ``Protecting Consumers or Allowing 
        Consumer Abuse? A Semi-Annual Review of the Consumer 
        Financial Protection Bureau'' to examine its Semi-
        Annual report to Congress and to address concerns that 
        Consumer Bureau has not recently fulfilled both the 
        spirit and plain letter of the Dodd-Frank Wall Street 
        Reform and Consumer Protection Act.
           On July 30, 2020, the Full Committee held h 
        a hearing entitled, ``Protecting Consumers During the 
        Pandemic? An Examination of the Consumer Financial 
        Protection Bureau'' to examine its Semi-Annual report 
        to Congress, to address concerns that Consumer Bureau 
        has not recently fulfilled both the spirit and plain 
        letter of the Dodd-Frank Wall Street Reform and 
        Consumer Protection Act, and to discuss updates to how 
        the CFPB is helping consumers during the COVID-19 
        emergency period.
    On May 22, 2019, the House passed H.R. 1500, the Consumers 
First Act, introduced by Chairwoman Maxine Waters, a bill to 
block the Trump Administration's anti-consumer agenda and 
reverse their past efforts to undermine the mission of the 
Consumer Financial Protection Bureau.
    Members of the Committee sent the following letters related 
to this matter:
           On February 7, 2019, Chairwoman Maxine 
        Waters and Representative Al Green, Chairman of the 
        Subcommittee on Oversight and Investigations, wrote to 
        Consumer Financial Protection Bureau Director Kathy 
        Kraninger to request documents relating to recent 
        settlements that do not require companies that have 
        violated the law to provide redress to consumers who 
        have been harmed.
           On February 22, 2019, Congresswoman Maxine 
        Waters, sent a letter to the dedicated public servants 
        of the Consumer Financial Protection Bureau (Consumer 
        Bureau), to address the challenges they have faced in 
        the last two years and assure them that she would use 
        the full range of the Committee's oversight authorities 
        to prevent any efforts to weaken the Consumer Bureau.
           On October 7, 2019, Speaker Nancy Pelosi and 
        Financial Services Committee Chairwoman Maxine Waters 
        announced a filing by the U.S. House of Representatives 
        with the Supreme Court in support of the independence 
        of the Consumer Financial Protection Bureau.
           On December 17, 2019, Chairwoman Maxine 
        Waters, sent a letter to Kathleen Kraninger, Director 
        of the Consumer Financial Protection Bureau, expressing 
        concerns regarding reports that a Trump Administration 
        political appointee, Thomas G. Ward, is the lead 
        candidate for the apolitical Enforcement Director 
        position at the Consumer Bureau.
           Chairwoman Maxine Waters also released a 
        Majority staff report entitled, ``Settling for Nothing: 
        How Kraninger's CFPB Leaves Consumers High and Dry.'' 
        The report presents evidence that the Trump 
        Administration's politicization of the Consumer Bureau 
        has led to a decline in the Consumer Bureau's obtaining 
        redress for harmed consumers.
    Student Debt Crisis. The Committee held the following 
hearings the student debt crisis:
           On June 11, 2019, the Subcommittee on 
        Oversight and Investigations held a hearing entitled, 
        ``An Examination of State Efforts to Oversee the $1.5 
        Trillion Student Loan Servicing Market,'' on June 11, 
        2019 to examine the growing student debt crisis and 
        address how the administration and how servicers can 
        better meet the needs of Americans struggling with 
        students.
           On September 10, 2019, the Full Committee 
        will hold a hearing entitled, ``A $1.5 Trillion Crisis: 
        Protecting Student Borrowers and Holding Student Loan 
        Servicers Accountable,'' to examine stronger 
        protections for students taking out loans for higher 
        education.
    The Committee considered and passed the following 
legislation:
           H.R. 4545, Private Loan Disability Discharge 
        Act of 2019, introduced by Representative Madeleine 
        Dean, which would amend the Truth in Lending Act (TILA) 
        to include a required discharge of private student 
        loans in the case of permanent disability of the 
        borrower, similar to how federal student loans are 
        treated in these circumstances., The Statement of 
        Managers for Public Law 116-__ (H.R. 6395, NDAA) urged 
        the Administration to use all available authorities 
        provided to it by Congress to ensure that all student 
        borrowers, and particularly those who are in financial 
        distress, are treated fairly and receive any assistance 
        they are eligible for.
           H.R. 5287, the Fair Student Loan Debt 
        Collection Practices Act, introduced by Representative 
        Al Lawson, which would amend the Fair Debt Collection 
        Practices Act to prohibit debt collectors from 
        collecting on certain Federal student loan debt when 
        the borrower would not be required to make payments 
        under an income-driven repayment plan.
           H.R. 5294, the Student Borrower Protections 
        Act, introduced by Representative Alma Adams, which 
        would provide student loan borrowers with greater 
        protections, including with respect to credit 
        reporting, and enhance oversight of student loan 
        servicing. The Statement of Managers for Public Law 
        116-___ urged the Administration to use all available 
        authorities provided to it by Congress to ensure that 
        all student borrowers, and particularly those who are 
        in financial distress, are treated fairly and receive 
        any assistance they are eligible for.
    On August 13, 2019, the Financial Services Committee 
Chairwoman Maxine Waters, Education and Labor Committee 
Chairman Bobby Scott, and Oversight and Reform Committee 
Chairman Elijah Cummings, sent a letter to Consumer Financial 
Protection Bureau Director Kathleen Kraninger requesting 
information and records concerning the CFPB's efforts to 
protect consumers from unlawful student loan servicing 
practices.
    Consumer Protections for Military Servicemembers. On March 
7, 2019, the Full Committee held a two-panel hearing entitled, 
``Putting Consumers First? A Semi-Annual Review of the Consumer 
Financial Protection Bureau,'' to examine its Semi-Annual 
report to Congress and to address concerns that Consumer Bureau 
has not recently fulfilled both the spirit and plain letter of 
the Dodd--Frank Wall Street Reform and Consumer Protection Act, 
and which addressed issues relating to consumer protections for 
military servicemembers.
    The Committee also considered legislation relating to 
consumer protections for military servicemembers:
           H.R. 1988, introduced by Representative 
        David Scott and Representative Lee Zeldin, the Protect 
        Affordable Mortgages for Veterans Act of 2019, 
        bipartisan legislation which addresses unintended 
        administrative complications that resulted from 
        implementation of Section 309 of S. 2155, the 
        ``Economic Growth, Regulatory Relief, and Consumer 
        Protection Act.'' This legislation, which passed the 
        House of Representatives on June 7, 2019, clarifies 
        requirements for certain refinanced U.S. Department of 
        Veterans Affairs (VA) mortgage loans to allow them to 
        be securitized by Ginnie Mae, thereby enabling those 
        banks to make additional loans, including to veterans, 
        and a form of which became public law 116-133.
           H.R. 5003, The Fair Debt Collection 
        Practices for Servicemembers Act, introduced by 
        Representative Madeleine Dean which passed by the House 
        of Representatives on March 3, 2020. This bill amends 
        the FDCPA to prohibit debt collectors from threatening 
        servicemembers or their families to have a 
        servicemember's rank reduced, have their security 
        clearance revoked, have them prosecuted under the 
        Uniform Code of Military Justice, or communicating with 
        a servicemember's chain of command to locate a 
        servicemember.
    High Cost Short-Term Credit and Debt Collection. The Full 
Committee held the following hearings on this matter:
           On September 26, 2019 the Full Committee 
        held a hearing entitled, ``Examining Legislation to 
        Protect Consumers and Small Business Owners from 
        Abusive Debt Collection Practices,'' to overview the 
        harms and consequences of unchecked violations of the 
        Fair Debt Collection Practices Act, and other 
        applicable laws that protect consumers.
           On February 5, 2020, the Full Committees 
        held a hearing entitled, ``Rent-A Bank Schemes and New 
        Debt Traps: Assessing Efforts to Evade State Consumer 
        Protections and Interest Rate Caps'' to cover how bank 
        partnerships with non-banks can be safe without harming 
        consumers and circumventing state law.
    On April 30, 2019, The Subcommittee on Consumer Protection 
and Financial Institutions held a hearing entitled, ``Ending 
Debt Traps in the Payday and Small Dollar Credit Industry,'' to 
examine the harms that triple digit interest rate small dollar 
loans cause to low-income communities and what more lawmakers 
need to do to address it.
    The Committee considered and passed the following 
legislation:
           H.R. 2398, To amend the United States 
        Housing Act of 1937 and title 38, United States Code, 
        to expand eligibility for the HUD VASH program, to 
        direct the Secretary of Veterans Affairs to submit 
        annual reports to the Committees on Veterans' Affairs 
        of the Senate and House of Representatives regarding 
        homeless veterans, and for other purposes, introduced 
        by Representative Scott Peters, which passed the House 
        of Representatives on January 13, 2020 and became law 
        as part of Pub. Law 116--[H.R. 6395, NDAA]. This bill 
        expands the eligibility for the Housing and Urban 
        Development-Veterans Affairs Supportive Housing or HUD 
        VASH program, to veterans experiencing homelessness who 
        have received an ``other than honorable'' discharge. 
        H.R. 3490, The Small Business Lending Fairness Act, a 
        bill by Representative Nydia Velazquez, that would 
        amend the Truth in Lending Act (TILA) to restrict the 
        use of predatory small business loan contract clauses 
        called ``confessions of judgment.''
           H.R. 3948, The Debt Collection Practices 
        Harmonization Act, a bill by Representative Gregory 
        Meeks, Chairman of the Subcommittee on Consumer 
        Protection and Financial Institutions, that clarifies 
        that private debt collectors who pursue debts such as 
        municipal utility bills, tolls, traffic tickets, and 
        court debts are subject to the FDCPA.
           H.R. 4003, The Stop Debt Collection Abuse 
        Act, introduced by Representative Emanuel Cleaver, 
        Chairman of the Subcommittee on National Security, 
        International Development and Monetary Policy, that 
        extends the FDCPA's protections as it relates to debt 
        owed to a federal agency, limits the fees debt 
        collectors can charge, and clarifies that debt buyers 
        are subject to FDCPA.
           H.R. 5001, The Non-Judicial Foreclosure Debt 
        Collection Clarification Act, introduced by 
        Representative William Lacy Clay, Chairman of the 
        Subcommittee on Housing, Community Development and 
        Insurance, that reverses the recent Supreme Court 
        decision in Obduskey versus McCarthy and Holthus LLP by 
        amending the FDCPA to clarify that entities in non-
        judicial foreclosure proceedings are covered by the 
        law.
           H.R. 5003, The Fair Debt Collection 
        Practices for Servicemembers Act, introduced by 
        Representative Madeleine Dean, that amends the FDCPA to 
        prohibit debt collectors from threatening 
        servicemembers or their families to have a 
        servicemember's rank reduced, have their security 
        clearance revoked, have them prosecuted under the 
        Uniform Code of Military Justice, or communicating with 
        a servicemember's chain of command to locate a 
        servicemember. This bill also was passed by the House 
        of Representatives on March 3, 2020.
           H.R. 5013, The Small Business Fair Debt 
        Collection Protection Act, introduced by Representative 
        Al Lawson, that expands the FDCPA's protections to 
        cover small business loans.
           H.R. 5021, The Ending Debt Collection 
        Harassment Act of 2019, introduced by Representative 
        Ayanna Pressley, to amend the Fair Debt Collection 
        Practices Act (FDCPA) to prohibit a debt collector from 
        contacting a consumer by email or text message without 
        a consumer's consent to be contacted electronically, 
        and prohibits the Consumer Financial Protection Bureau 
        (CFPB) from issuing any rules implementing the FDCPA 
        that allow a debt collector to send unlimited email and 
        text messages to a consumer.
           H.R. 5330, the Consumer Protections for 
        Medical Debt Collections Act, introduced by 
        Representative Rashida Tlaib, which would provide 
        relief to those struggling with health problems and 
        medical debt by preventing collection of medical debt 
        for two years from the date of the medical billing. The 
        bill includes a one-year delay before adverse 
        information is reported to a consumer reporting agency, 
        and it would ban the reporting of debt arising out of 
        medically necessary procedures.
    Members of the Committee also sent the following letters:
           On August 23, 2019, Chairwoman Maxine Waters 
        and 101 Members of Congress sent a letter to Kathy 
        Kraninger, Director of the Consumer Financial 
        Protection Bureau (Consumer Bureau), calling on her to 
        reconsider the Consumer Bureau's final rule to delay 
        the original August 19, 2019 compliance date for the 
        2017 Payday, Vehicle Title, and Certain High-Cost 
        Installment Loans Rule (Payday Rule). The Members also 
        expressed concerns regarding the Consumer Bureau's 
        harmful plans to roll back the Payday Rule by removing 
        key protections for consumers.
           In September 26, 2019, Chairwoman Maxine 
        Waters joined Representatives Katie Porter and Ayanna 
        Pressley, in a letter along with 63 other Democrats to 
        address grave concerns with the weak Debt Collection 
        Rule Proposal, which left too many gaps that hurt 
        consumers.
           On May 1, 2020, Chairwoman Maxine Waters 
        sent a letter to Treasury Secretary Steven Mnuchin and 
        Small Business Administrator Jovita Carranza, calling 
        attention to the irreparable harm predatory payday 
        lenders have caused America's consumers and urging 
        Administration officials to deny them access to 
        Paycheck Protection Program (PPP) loans.
           On May 18, 2020, Chairwoman Maxine Waters 
        sent a letter to Jerome Powell, Chair of the Board of 
        Governors of the Federal Reserve System, and Steven 
        Mnuchin, Secretary of the U.S. Department of the 
        Treasury, following up on conversations to ensure that 
        the Federal Reserve and Treasury programs and 
        facilities to respond to the COVID-19 crisis do not 
        support predatory lenders.
    Mandatory Arbitration. The Committee continued to monitor 
developments on mandatory arbitration throughout the 116th 
Congress. Staff held meetings with interested parties. This 
matter also came up in various hearings, including in a hearing 
before the Full Committee on February 26, 2019, ``Who's Keeping 
Score? Holding Credit Bureaus Accountable and Repairing a 
Broken System,'' where Credit Bureau practices in this regard 
were addressed.
    Fair Access to Affordable Consumer Financial Products and 
Services. The Committee held the following hearings on this 
matter:
           On March 6, 2020, the Subcommittee on 
        Consumer Protection and Financial Institutions convened 
        a field hearing entitled, ``Modern-Day Redlining: the 
        Burden on Underbanked and Excluded Communities in New 
        York'' The hearing addressed many of the findings from 
        the Center for Investigative Reporting's Reveal 
        investigative study on bank discrimination in lending, 
        as well as a more recent Newsday investigative report 
        on redlining in Long Island, and a series of Consumer 
        Protection and Financial Institutions Subcommittee 
        hearings on the Community Reinvestment Act (CRA), and 
        minority depository institutions (MDIs).
           On June 3, 2020, the Subcommittee on 
        Consumer Protection and Financial Institutions held a 
        virtual hearing entitled, ``Promoting Inclusive Lending 
        During the Pandemic: Community Development Financial 
        Institutions and Minority Depository Institutions''' to 
        address existing challenges faced by CDFIs and MDIs, 
        and proposals to enhance the work of CDFIs and MDIs to 
        ensure underserved communities and minority-owned 
        businesses are supported, especially during the 
        critical COVID-19 period.
    Members of the Committee sent the following letters on this 
matter:
           On August 23, 2019, Chairwoman Maxine Waters 
        and 101 Members of Congress sent a letter to Kathy 
        Kraninger, Director of the Consumer Financial 
        Protection Bureau (Consumer Bureau), calling on her to 
        reconsider the Consumer Bureau's final rule to delay 
        the original August 19, 2019 compliance date for the 
        2017 Payday, Vehicle Title, and Certain High-Cost 
        Installment Loans Rule (Payday Rule). The Members also 
        expressed concerns regarding the Consumer Bureau's 
        harmful plans to roll back the Payday Rule by removing 
        key protections for consumers.
           On May 1, 2020, Chairwoman Maxine Waters 
        sent a letter to Treasury Secretary Steven Mnuchin and 
        Small Business Administrator Jovita Carranza, calling 
        attention to the irreparable harm predatory payday 
        lenders have caused America's consumers and urging 
        Administration officials to deny payday lenders access 
        to Paycheck Protection Program (PPP) loans.
           On May 18, 2020, Chairwoman Maxine Waters 
        sent a letter to Jerome Powell, Chair of the Board of 
        Governors of the Federal Reserve System, and Steven 
        Mnuchin, Secretary of the U.S. Department of the 
        Treasury, following up on conversations to ensure that 
        the Federal Reserve and Treasury programs and 
        facilities to respond to the COVID-19 crisis do not 
        support predatory lenders.
           On December 30, 2020, 23 Committee Members 
        led by Chairwoman Waters sent a letter to Brian Brooks, 
        Acting Comptroller of the Currency, urging him to 
        withdraw an Office of the Comptroller of the Currency 
        (OCC) Notice of Proposed Rulemaking (NPRM) on ``fair 
        access to financial services''' that, instead of 
        addressing discriminatory banking practices, would 
        force banks to provide financial products and services 
        to a range of corporations posing a variety of risks, 
        including fossil fuel companies, gun manufacturers, and 
        others.
    Discrimination in Lending. The Committee held a number of 
hearings on this matter:
           On April 9, 2019, the Subcommittee on 
        Consumer Protection and Financial Institutions held a 
        hearing entitled, ``The Community Reinvestment Act: 
        Assessing the Law's Impact on Discrimination and 
        Redlining.'' to examine how to strengthen the 
        application of the Community Reinvestment Act in the 
        face of continued redlining and other forms of 
        discrimination in lending.
           On October 29, 2019 the Subcommittee on 
        Oversight and Investigations held a hearing entitled 
        ``Financial Services and the LGBTQ+ Community: A Review 
        of Discrimination in Lending and Housing.'' This 
        hearing focused on the extent and effects of 
        discrimination against persons who identify as lesbian, 
        gay, bisexual, transgender or queer (``LGBTQ+'') when 
        seeking housing or credit in the United States.
           On January 14, 2020, the Subcommittee on 
        Consumer Protection and Financial Institutions held a 
        hearing entitled, ``The Community Reinvestment Act: 
        Reviewing Who Wins and Who Loses with Comptroller 
        Otting's Proposal'' to receive feedback from Community 
        Reinvestment Act stakeholders, including community 
        development civil and rights organizations, about the 
        OCC's proposed rule, and how it would undermine and 
        weaken lending, servicing, and investing, to low- and 
        moderate-income communities.
           On January 29, 2020, the Full Committee held 
        a hearing entitled ``The Community Reinvestment Act: Is 
        the OCC Undermining the Law's Purpose and Intent?'' to 
        examine concerns with the OCC's work on the Community 
        Reinvestment Act, as well as other supervisory and 
        regulatory developments, with Comptroller of the 
        Currency Joseph M. Otting testifying.
           On March 6, 2020, the Subcommittee on 
        Consumer Protection and Financial Institutions convened 
        a field hearing entitled, ``Modern-Day Redlining: the 
        Burden on Underbanked and Excluded Communities in New 
        York'' The hearing addressed many of the findings from 
        the Center for Investigative Reporting's Reveal 
        investigative study on bank discrimination in lending, 
        as well as a more recent Newsday investigative report 
        on redlining in Long Island.
    On June 29, 2020, the House of Representatives passed H.J. 
Res 90, a Congressional Review Act resolution of disapproval to 
nullify the OCC's harmful Community Reinvestment Act rule 
introduced by Chairwoman Maxine Waters and Representative 
Gregory Meeks, Chairman of the Subcommittee on Consumer 
Protection and Financial Institutions.
    On June 11, 2019, Chairwoman Maxine Waters, Representative 
Nydia Velazquez, and 63 Democratic Members of Congress sent a 
letter to Kathy Kraninger, Director of the Consumer Financial 
Protection Bureau demanding that she immediately rescind 
proposals that would limit the collection of critical lending 
information under the Home Mortgage Disclosure Act (HMDA).
    Community Reinvestment Act (CRA). The Committee held 
several hearings on this matter:
           On April 9, 2019, the Subcommittee on 
        Consumer Protection and Financial Institutions held a 
        hearing entitled, ``The Community Reinvestment Act: 
        Assessing the Law's Impact on Discrimination and 
        Redlining.'' to examine how to reform the Community 
        Reinvestment Act strong in the face of continued 
        redlining and other forms of discrimination in lending.
           On January 14, 2020, the Subcommittee on 
        Consumer Protection and Financial Institutions will 
        convene a hearing entitled, ``The Community 
        Reinvestment Act: Reviewing Who Wins and Who Loses with 
        Comptroller Otting's Proposal'' to receive feedback 
        from Community Reinvestment Act stakeholders, including 
        community development civil and rights organizations, 
        about the OCC's proposed rule, and how it would 
        undermine and weaken lending, servicing, and investing, 
        to low- and moderate-income communities.
           On January 29, 2020, the Full Committee held 
        a hearing entitled ``The Community Reinvestment Act: Is 
        the OCC Undermining the Law's Purpose and Intent?'' to 
        examine concerns with the OCC's work on the Community 
        Reinvestment Act, as well as other supervisory and 
        regulatory developments, with Comptroller of the 
        Currency Joseph M. Otting testifying.
    On June 29, 2020, The House of Representatives passed H.J. 
Res 90, a Congressional Review Act resolution of disapproval to 
nullify the OCC's harmful Community Reinvestment Act rule, 
introduced by Chairwoman Maxine Waters and Representative 
Gregory Meeks, Chairman of the Subcommittee on Consumer 
Protection and Financial Institutions, passed the U.S. House of 
Representatives.
    Members of the Committee also sent letters relating to this 
matter:
           On December 11, 2019 Chairwoman Maxine 
        Waters, Senator Sherrod Brown, Ranking Member of the 
        Senate Committee on Banking, Housing and Urban Affairs, 
        and Representative Gregory Meeks, Chairman of the House 
        Subcommittee on Consumer Protection and Financial 
        Institutions, led a letter to Jerome H. Powell, 
        Chairman of the Board of Governors of the Federal 
        Reserve System, Joseph M. Otting, Comptroller of the 
        Currency, and Jelena McWilliams, Chairman of the 
        Federal Deposit Insurance Corporation, demanding that 
        regulators provide the public, Members of Congress, and 
        all interested parties with adequate time to thoroughly 
        review and offer input on proposed changes to the 
        framework of the Community Reinvestment Act (CRA). The 
        letter was signed by every Democratic Member of the 
        House Financial Services Committee and Senate Committee 
        on Banking, Housing and Urban Affairs.
           On January 15, 2020, Chairwoman Maxine 
        Waters sent letters to Joseph Otting, Comptroller of 
        the Currency, and Jelena McWilliams, Chairman of the 
        Federal Deposit Insurance Corporation (FDIC), 
        requesting information on the regulators' systems and 
        policies for receiving and reviewing comments during 
        the Community Reinvestment Act (CRA) rulemaking 
        process.
    Department of the Treasury, Financial Stability Oversight 
Council (FSOC) and Office of Financial Research (OFR). The 
Committee held the following hearings on this matter:
           The Subcommittee on Consumer Protection and 
        Financial Institutions held a hearing on June 4, 2019 
        entitled, ``Emerging Threats to Stability: Considering 
        the Systemic Risk of Leveraged Lending'' which examined 
        the opaque leveraged lending market and its potential 
        impacts on U.S. financial stability. Additionally, the 
        hearing explored the role of Treasury, FSOC and OFR in 
        how these agencies examine this issue.
           The Subcommittee on Consumer Protection and 
        Financial Institutions held a hearing on September 25, 
        2019 entitled, ``Promoting Financial Stability: 
        Assessing Threats to the U.S. Financial System'' which 
        examined the activities of the OFR, as well as, 
        significant financial market developments and potential 
        emerging threats to the financial stability of the 
        United States.
           The Full Committee held a hearing on 
        December 5, 2019 entitled, ``Promoting Financial 
        Stability? Reviewing the Administration's Deregulatory 
        Approach to Financial Stability'' which received 
        testimony from Secretary Mnuchin and examined FSOC's 
        activities; significant financial market and regulatory 
        developments; and potential emerging threats to the 
        financial stability of the United States.
    Supervision and Enforcement of Financial Institutions. The 
Committee held a number of hearings on this matter:
           On April 10, 2019, the Full Committee 
        entitled, ``Holding Megabanks Accountable: A Review of 
        Global Systemically Important Banks 10 years after the 
        Financial Crisis'' which examined the business 
        practices, supervision, and enforcement record of our 
        nation's global systemically important banks (G-SIBs) 
        since the financial crisis.
           On May 16, 2019, the Full Committee held a 
        hearing on May 16, 2019 entitled, ``Oversight of 
        Prudential Regulators: Ensuring the Safety, Soundness 
        and Accountability of Megabanks and Other Depository 
        Institutions'' which examined various supervisory and 
        regulatory developments, rulemakings, and other 
        regulatory activities.
           On December 4, 2019, the Full Committee held 
        a hearing entitled, ``Oversight of Prudential 
        Regulators: Ensuring the Safety, Soundness, Diversity, 
        and Accountability of Depository Institutions?'' which 
        examined various supervisory and regulatory 
        developments, rulemakings, and other regulatory 
        activities.
           On November 12, 2020, the Full Committee 
        held a hearing entitled, ``Oversight of Prudential 
        Regulators: Ensuring the Safety, Soundness, Diversity, 
        and Accountability of Depository Institutions during 
        the Pandemic'' which examined recent supervisory and 
        regulatory developments as well as background on 
        diversity in the banking sector during the pandemic.
    On March 4, 2020, Chairwoman Maxine Waters and 
Representative Al Green released a Committee staff report 
detailing findings and policy recommendations from the 
Committee's year-long investigation of Wells Fargo's and 
regulators' failures to address the bank's widespread consumer 
abuses and compliance failures. The investigation, which 
Chairwoman Maxine Waters launched in February 2019, sought to 
(1) determine and evaluate the non-public actions taken by 
Wells Fargo's board, management, and regulators to facilitate 
improvements at the bank; and (2) identify policy solutions to 
ensure consumers are protected from recidivist megabanks like 
Wells Fargo. For the report, Committee staff reviewed more than 
300,000 pages of records produced to the Committee by Wells 
Fargo, it's board members, the Federal Reserve, the OCC, and 
the CFPB, in response to document requests issued by Chairwoman 
Maxine Waters and Representative Al Green. Committee staff also 
conducted interviews with senior leaders at Wells Fargo and 
officials at the Federal Reserve, OCC, and CFPB. The report 
revealed, among other things, that Wells Fargo's regulators, 
board, and management failed to curb consumer abuses within the 
company and hold executives accountable for regulatory 
deficiencies. To follow up on the Report, the Committee held 
the following hearings:
           On March 10, 2020, the Committee held a 
        hearing entitled, ``Holding Wells Fargo Accountable: 
        CEO Perspectives on Next Steps for the Bank that Broke 
        America's Trust.'' During the hearing, Committee 
        Democrats probed Wells Fargo's CEO, Charles Scharf's 
        commitment to addressing Wells Fargo's history of 
        misconduct.
           On March 11, 2020, the Committee held a 
        hearing entitled, ``Holding Wells Fargo Accountable: 
        Examining the Role of the Board of Directors in the 
        Bank's Egregious Pattern of Consumer Abuses.'' 
        Committee Democrats questioned former board members 
        Elizabeth Duke and James Quigley about their 
        dereliction of duty while serving as chairs of Wells 
        Fargo & Company and Wells Fargo Bank, respectively. 
        Duke and Quigley announced their resignations from 
        Wells Fargo's boards on March 8, 2020, following the 
        release of Committee staff's scathing report and days 
        before testifying before the Committee.
    The Committee considered the following legislation relating 
to this matter:
           H.R. 241, the ``Bank Service Company 
        Examination Coordination Act of 2019,'' introduced by 
        Representative Roger Williams, which passed the House 
        of Representatives on September 10, 2019. This bill 
        provides for coordination between federal regulators 
        and state banking agencies regarding bank service 
        companies.
           H.R. 4841, the ``Prudential Regulator 
        Oversight Act,'' introduced by Representative Dean 
        Phillips, which passed the House of Representatives on 
        January 13, 2020. This bill would require prudential 
        banking regulators provide annual testimony to Congress 
        on their supervisory and regulatory activities.
    The Committee continued to monitor developments related to 
G-SIBs throughout the 116th Congress. Additionally, the 
Committee held a bipartisan Member briefing with G-SIB Chief 
Executive Officers to better understand how these large, global 
financial institutions are serving their customers during the 
COVID-19 pandemic.
    On March 27, 2020, Chairwoman Maxine Waters sent a letter 
to Jerome H. Powell, Chairman of the Board of Governors of the 
Federal Reserve System, requesting that the Federal Reserve 
provide Committee staff a detailed, bipartisan briefing on 
Wells Fargo & Company's reported request that the Federal 
Reserve prematurely remove a growth restriction imposed in 2018 
in response to Wells Fargo's widespread consumer abuses and 
compliance breakdowns. On April 8, 2020, the Federal Reserve 
publicly announced that it would temporarily modify the 
restriction due to the need to facilitate lending in response 
to the pandemic-related economic crisis. The Committee's 
meticulous oversight of Wells Fargo and its regulators ensured 
that the Federal Reserve's modification was temporary, narrow, 
and in furtherance of the strong public interest in 
facilitating financial support to small businesses during the 
crisis.
    Enhanced Prudential Standards for Large Banks. The 
Committee monitored how enhanced prudential standards are being 
applied to the largest banks operating in the United States, 
including foreign-based institutions. This included oversight 
of the adequacy of capital, liquidity, leverage and stress 
testing requirements.
    The Committee held hearings on this matter:
           On May 16, 2019, the Full Committee held a 
        hearing entitled, ``Oversight of Prudential Regulators: 
        Ensuring the Safety, Soundness and Accountability of 
        Megabanks and Other Depository Institutions,'' which 
        examined various supervisory and regulatory 
        developments, rulemakings, and other regulatory 
        activities, including enhanced prudential standards of 
        large banks.
           On December 9, 2019, the Committee held a 
        hearing entitled, ``Oversight of Prudential Regulators: 
        Ensuring the Safety, Soundness, Diversity, and 
        Accountability of Depository Institutions?'' which 
        examined various supervisory and regulatory 
        developments, rulemakings, and other regulatory 
        activities, including enhanced prudential standards of 
        large banks.
           On November 12, 2020, the Committee held a 
        virtual hearing entitled, ``Oversight of Prudential 
        Regulators: Ensuring the Safety, Soundness, Diversity, 
        and Accountability of Depository Institutions during 
        the Pandemic,'' which examined various supervisory and 
        regulatory developments, rulemakings, and other 
        regulatory activities, including enhanced prudential 
        standards of large banks, during the coronavirus 
        (COVID-19) pandemic.
    On May 13, 2020, the Committee also held a bipartisan 
Member roundtable with officials of the Federal Reserve, OCC, 
FDIC, and NCUA to receive an update on their work in response 
to the coronavirus (COVID-19) pandemic.
    Orderly Liquidation Authority and Living Wills. The Full 
Committee held a hearing on December 4, 2019 entitled, 
``Oversight of Prudential Regulators: Ensuring the Safety, 
Soundness, Diversity, and Accountability of Depository 
Institutions?'' which examined various supervisory and 
regulatory developments, rulemakings, and other regulatory 
activities, including the submission of resolution plans 
(Living Wills) by large financial institutions.
    Banking Activities and the Volcker Rule. The Full Committee 
held a hearing on December 4, 2019 entitled, ``Oversight of 
Prudential Regulators: Ensuring the Safety, Soundness, 
Diversity, and Accountability of Depository Institutions?'' 
which examined various supervisory and regulatory developments, 
rulemakings, and other regulatory activities, including the 
implementation of the Volcker Rule and large bank trading 
activities.
    On October 21, 2019, Chairwoman Maxine Waters and Senator 
Sherrod Brown (D-OH), Ranking Member of the Senate Banking, 
Housing, and Urban Affairs Committee, sent a letter to the 
heads of the Federal Reserve, Office of the Comptroller of the 
Currency (OCC), Securities and Exchange Commission (SEC), 
Federal Deposit Insurance Corporation (FDIC), and Commodity 
Futures Trading Commission (CFTC) condemning their actions to 
roll back the Volcker Rule that was put in place after the 2008 
financial crisis to stop risky trading and investment 
activities by Wall Street megabanks. In the letter, the Members 
requested more information about the 2019 changes to the 
Volcker Rule and urged the agencies to protect taxpayers.
    Residential and Commercial Real Estate Mortgage Loans. The 
Subcommittee on Housing, Community Development and Insurance 
held two hearings and the Subcommittee on Oversight and 
Investigations held one hearing on FHA:
           ``Housing in America: Oversight of the U.S. 
        Department of Housing and Urban Development,'' May 21, 
        2019: This hearing examined HUD's current state of 
        affairs and addressed major changes to agency policies 
        and programs since 2017.
           ``Protecting Seniors: A Review of the FHA's 
        Home Equity Conversion Mortgage (HECM) Program,'' 
        September 25, 2019: This hearing examined the Federal 
        Housing Administration's (FHA's) HECM program, which 
        remains the only source of federal backing for reverse 
        mortgages. This hearing also explored the benefits that 
        the program offers for seniors as well as some of the 
        challenges that the program has encountered.
           ``An Examination of the Federal Housing 
        Administration and Its Impact on Homeownership in 
        America,'' December 5, 2019: This hearing examined the 
        role that the Federal Housing Administration (FHA) 
        plays in the nation's housing finance system, and 
        proposals to improve FHA's ability to promote access to 
        homeownership, particularly for underserved borrowers.
    The Committee considered legislation to assist small 
businesses and nonprofits with loan obligations, including 
commercial real estate due to the pandemic:
           H.R. 6361, the ``Relief for Small Businesses 
        and Nonprofits Act'' introduced by Representative Ed 
        Perlmutter, would provide a 120 day moratorium on debt 
        collection for small businesses and nonprofits until 
        after 120 days after the COVID-19 pandemic ends, and 
        would require reasonable modification and repayment 
        options when payment obligations resume.
           H.R. 6800, the ``Heroes Act'' included a 
        120-day moratorium on debt collection for small 
        businesses and nonprofits until after 120 days after 
        the COVID-19 pandemic ends, and would require 
        reasonable modification and repayment options when 
        payment obligations resume.
    The Committee considered the following legislation to 
address the rental housing crisis:
           H.R. 123, the ``Alternative Data for 
        Additional Credit FHA Pilot Program Act,'' introduced 
        by Representative Al Green, which would reauthorize 
        HUD's statutory authority to implement a pilot program 
        under FHA to increase credit access for borrowers with 
        thin or no credit files through the use of additional 
        credit data. The ANS would also require HUD to report 
        pilot program findings.
           H.R. 2852, the ``Homebuyer Assistance Act of 
        2019,'' introduced by Representative Brad Sherman, 
        which passed the House of Representatives on September 
        10, 2019. This bill would change the property appraisal 
        requirements for mortgages backed by the Federal 
        Housing Administration (FHA) by allowing licensed 
        appraisers to conduct appraisals for such mortgages, 
        rather than only certified appraisers. This would bring 
        FHA standards in line with those set by Fannie Mae and 
        Freddie Mac. This bill would also set minimum 
        requirements for education specific to FHA appraisals 
        that appraisers must undergo to be eligible to conduct 
        FHA appraisals. H.R. 3958, the ``FHA Foreclosure 
        Prevention Act of 2019,'' introduced by Chairwoman 
        Maxine Waters, included in the Heroes Act, would 
        enhance FHA's oversight of loss mitigation and 
        establish a complaint and appeals process for borrowers 
        who believe their servicer is out of compliance with 
        FHA's servicing requirements.
           H.R. 5931, the ``Improving FHA Support for 
        Small Dollar Mortgages Act of 2020,'' introduced by 
        Representative William Lacy Clay, which would require 
        FHA to conduct a review of its policies to identify any 
        barriers to supporting mortgages under $70,000 and 
        report to Congress within a year with a plan for 
        removing such barriers.
    Community Development Financial Institutions Fund (CDFI 
Fund). The Committee held several hearings on this matter:
           On October 22, 2019, the Subcommittee on 
        Consumer Protection and Financial Institutions held a 
        hearing entitled ``An Examination of the Decline of 
        Minority Depository Institutions and the Impact on 
        Underserved Communities.'' The hearing allowed for 
        CDFIs, MDIs, community banks, and credit unions to 
        provide their perspective on challenges to serving 
        underbanked and unbanked communities.
           On November 20, 2019, the Subcommittee on 
        Consumer Protection and Financial Institutions held a 
        hearing entitled ``An Examination of Regulators'' 
        Efforts to Preserve and Promote Minority Depository 
        Institutions.'' The hearing focused on actions taken by 
        banking regulators in recent years as the number of 
        MDIs have declined, many of which are CDFIs, and policy 
        solutions to provide more support and encourage the 
        creation of new MDIs.
           June 3, 2020, the Subcommittee on Consumer 
        Protection and Financial Institutions held a hearing 
        entitled ``Promoting Inclusive Lending During the 
        Pandemic: Community Development Financial Institutions 
        and Minority Depository Institutions.'' The hearing 
        focused on CDFIs and MDIs, and their ability to fully 
        participate in COVID-19 federal response lending 
        programs.
    The Committee considered several pieces of legislation 
related to this topic including:
           On January 23, 2020, the House of 
        Representatives passed, H.R. 5315, the ``Expanding 
        Opportunity for MDIs Act, which was introduced by 
        Representative Joyce Beatty, and establishes the 
        Financial Agent Mentor-Protege Program within the 
        Department of the Treasury. The program provides 
        participating minority depository institutions and 
        small financial institutions with mentorship regarding 
        becoming a financial agent for Treasury and improving 
        service capacity.
           On August 8, 2020, Chairwoman Waters, along 
        with Representative Gregory Meeks, introduced H.R. 
        7893, the ``Promoting and Advancing Communities of 
        Color Through Inclusive Lending Act,'' a comprehensive 
        bill to support Community Development Financial 
        Institutions (CDFIs) and Minority Depository 
        Institutions (MDIs) and help increase affordable 
        lending in minority communities, including to small 
        businesses and minority-owned businesses during the 
        COVID-19 pandemic crisis. Provisions from this 
        legislation were included in H.R. 925, the revised 
        ``Heroes Act'', which passed on October 1, 2020 by the 
        U.S. House of Representatives.
           On September 21, 2020, the House of 
        Representatives passed, H.R. 5322, the ``Ensuring 
        Diversity in Community Banking Act of 2020,'' which was 
        introduced by Representative Gregory Meeks, and 
        establishes a program allowing minority depository 
        institutions and newly-designated ``impact banks'' to 
        receive deposits from certain Department of the 
        Treasury accounts through designated custodial 
        entities. It also establishes the Minority Bank Deposit 
        Program to ensure the use of minority banks and 
        minority credit unions to the maximum extent possible 
        to serve the financial needs of federal departments and 
        agencies. Additionally, provisions from this 
        legislation were included in H.R. 925, the revised 
        ``Heroes Act'', which passed on October 1, 2020 by the 
        U.S. House of Representatives.
    Federal Deposit and Share Insurance. The Committee 
monitored developments with respect to deposit insurance 
administered by the FDIC and NCUA, and the Full Committee held 
the following hearings with the heads of those two agencies:
           On May 16, 2019, the Full Committee held a 
        hearing entitled, ``Oversight of Prudential Regulators: 
        Ensuring the Safety, Soundness and Accountability of 
        Megabanks and Other Depository Institutions,'' which 
        examined various supervisory and regulatory 
        developments, rulemakings, and other regulatory 
        activities.
           On December 4, 2019, the Full Committee held 
        a hearing entitled, ``Oversight of Prudential 
        Regulators: Ensuring the Safety, Soundness, Diversity, 
        and Accountability of Depository Institutions?,'' which 
        examined various supervisory and regulatory 
        developments, rulemakings, and other regulatory 
        activities.
           On November 12, 2020, the Full Committee 
        held a hearing entitled, ``Oversight of Prudential 
        Regulators: Ensuring the Safety, Soundness, Diversity, 
        and Accountability of Depository Institutions during 
        the Pandemic,'' which examined recent supervisory and 
        regulatory developments as well as background on 
        diversity in the banking sector during the pandemic.
    On May 13, 2020, the Committee also held a bipartisan 
Member roundtable with officials of the Federal Reserve, OCC, 
FDIC, and NCUA to receive an update on their work in response 
to the coronavirus (COVID-19) pandemic.
    Community Financial Institutions. The Committee continued 
to monitor developments related to community financial 
institutions, including small community banks and credit unions 
under $10 billion, throughout the 116th Congress. To that end, 
the Subcommittee on Consumer Protection and Financial 
Institutions held hearings related to community financial 
institutions, particularly, Minority Depository Institutions 
(MDIs) and Community Development Financial Institutions 
(CDFIs), with emphasis concerning how CDFIs receive financial 
assistance from the CDFI Fund.
    After the enactment of the CARES Act, Staff engaged with 
the stakeholders representing various community financial 
institutions to discuss how these smaller financial 
institutions were administering and participating in the 
Paycheck Protection Program (PPP) and aiding their customers 
during the COVID-19 pandemic.
    The Committee considered the following legislation:
           H.R. 748, the Coronavirus Aid, Relief and 
        Economic Security Act (CARES Act), which passed the 
        House on March 27, 2020 and was signed into law (P.L. 
        116-136) the same day. This bill established the 
        Paycheck Protection Program (PPP), allowing community 
        financial institutions to participate and provide 
        forgivable loans to small businesses impacted by the 
        COVID-19 pandemic, and included a number of provisions 
        within the jurisdiction of the Committee.
           H.R. 266, the Paycheck Protection Program 
        and Health Care Enhancement Act, which passed the House 
        on April 23, 2020 and became Public Law 116-139 the 
        next day. This bill provided a second round of PPP 
        funds, along with a $60 billion set-aside for community 
        financial institutions to ensure community banks, 
        credit unions, CDFIs, and MDIs, would be able to 
        deliver PPP loans to small businesses in their 
        communities.
           The House also passed H.R. 6800, the Heroes 
        Act and H.R. 925, the revised Heroes Act, which would 
        extend and expand the PPP, including by setting aside 
        funds for community financial institutions to provide 
        PPP loans to their communities.
    Access to Credit for Small Businesses. On July 23, 2020, 
the Full Committee held a hearing entitled, ``The Heroes Act: 
Providing for a Strong Economic Recovery from COVID-19,'' to 
address the provisions of H.R. 6800, the Heroes Act that would 
help consumers and small businesses during the COVID-19 
emergency period for the public, regulators, and Congress to 
monitor trends in small business lending. The Committee also 
reviewed the effectiveness of the State Small Business Credit 
Initiative (SSBCI), which was administered by the U.S. 
Department of the Treasury and expired in 2017 and considered 
proposals to reauthorize the SSBCI.
    The Committee considered the following the legislation:
           H.J. Res 90, a Congressional Review Act 
        resolution of disapproval to nullify the OCC's harmful 
        Community Reinvestment Act rule, introduced by 
        Chairwoman Maxine Waters and Representative Gregory 
        Meeks, which passed the House on June 29, 2020. This 
        rulemaking could result in a reduction to lending to 
        small businesses, including those that lend primarily 
        to underserved communities.
           H.R. 3490, the ``Small Business Lending 
        Fairness Act,'' introduced by Representative Nydia 
        Velazquez, that would amend the Truth in Lending Act 
        (TILA) to restrict the use of predatory small business 
        loan contract clauses called ``confessions of 
        judgment.''
           H.R. 3948, the ``Debt Collection Practices 
        Harmonization Act,'' introduced by Representative 
        Gregory Meeks, that clarifies that private debt 
        collectors who pursue debts such as municipal utility 
        bills, tolls, traffic tickets, and court debts are 
        subject to the FDCPA.
           H.R. 4003, the ``Stop Debt Collection Abuse 
        Act,'' introduced by Representative Emanuel Cleaver, 
        which extends the FDCPA's protections as it relates to 
        debt owed to a federal agency, limits the fees debt 
        collectors can charge, and clarifies that debt buyers 
        are subject to FDCPA.
           H.R. 5013, the ``Small Business Fair Debt 
        Collection Protection Act,'' introduced by 
        Representative Al Lawson, that expands the FDCPA's 
        protections to cover small business loans.
    On June 13, 2020, Chairwoman Maxine Waters, Ways and Means 
Committee Chairman Richard E. Neal, and Small Business 
Committee Chairwoman Nydia M. Velazquez, sent a letter to 
Secretary Mnuchin and Administrator Jovita Carranza of the 
Small Business Administration (SBA) demanding transparency and 
accountability in their handling of taxpayer money in 
connection with PPP. The Chairs requested that Treasury and SBA 
produce loan level information for all PPP recipients, 
including the names of the recipients and dollar amount of the 
loans received. On July 3, SBA produced to the Committee loan 
level data for all PPP loans from the inception of the program 
through June 30, 2020. On July 7, 2020, SBA publicly released 
limited PPP loan data, including names of businesses that 
received a PPP loan of $150,000 or more. On August 21, 2020, 
SBA updated its production to include data on all PPP loans 
processed from April 3, 2020 through August 8, 2020, on which 
date the SBA's authorization to approve new PPP loans expired. 
Committee staff reviewed and analyzed the data to determine the 
distribution of PPP loans across the congressional districts of 
Democratic Committee members. In September 2020, Chairwoman 
Maxine Waters released to Committee Democrats data sheets 
summarizing PPP loan distribution in their districts.
    Cybersecurity and Privacy.
    The Committee held the following hearings on cybersecurity 
and privacy:
           On February 26, 2019, ``Who's Keeping Score? 
        Holding Credit Bureaus Accountable and Repairing a 
        Broken System.''
           On September 12, 2019, ``The Future of 
        Identity in Financial Services: Threats, Challenges, 
        and Opportunities Digital Identity and 
        Authentication.''
           On October 18, 2019, ``AI and the Evolution 
        of Cloud Computing: Evaluating How Financial Data is 
        Stored, Protected, and Maintained by Cloud Providers: 
        The Use of Cloud Computing and Third-Party Service 
        Providers.''
           On October 23, 2019, ``An Examination of 
        Facebook and Its Impact on the Financial Services and 
        Housing Sectors,''
           On November 21, 2019, ``Banking on Your 
        Data: The Role of Big Data in Financial Services.''
           On February 12, 2020, ``Equitable 
        Algorithms: Examining Ways to Reduce AI Bias in 
        Financial Services Data Privacy and Security.''
    The Committee considered the following legislation during 
these hearings:
           H.R. 4008, the ``No Biometric Barriers to 
        Housing Act of 2019,'' introduced by Representatives 
        Yvette Clarke, Ayanna Pressley, and Rashida Tlaib. This 
        bill prohibits the use of biometric recognition 
        technology and biometric data analysis in housing units 
        and buildings covered under the Public Housing, Section 
        8 Project-Based Rental Assistance, Section 811 
        Supportive Housing for Persons with Disabilities, and 
        Section 202 Supportive Housing for the Elderly 
        programs.
           A draft proposal entitled ``Safeguarding 
        Non-bank Consumer Information Act'' a discussion draft 
        by Representative Stephen Lynch. The draft clarifies 
        the Gramm Leach-Bliley Act's consumer financial privacy 
        and data security provisions and gives the Bureau of 
        Consumer Financial Protection rulemaking and 
        enforcement authority over the safeguards rule with 
        respect to data aggregators and other financial 
        institutions.
           A draft proposal entitled ``Financial 
        Information Data Modernization Act (``FIDMA''). This is 
        a Committee discussion draft that sets forth minimum 
        data security standards by clarifying ``financial 
        data'' and ``non-financial institutions'' under the 
        Gramm-Leach-Bliley Act to protect consumers and provide 
        guidance that contemplates advances in technology for 
        entities interacting with financial data.
    On January 19, 2020, the House of Representatives passed 
H.R. 4458, the Cybersecurity and Financial System Resilience 
Act of 2019, introduced by Representative Patrick McHenry of 
North Carolina, which requires financial regulators to each 
annually report on efforts to strengthen cybersecurity measures 
with respect to its regulatory functions.
    Credit Scores and Credit Reports. The Committee held the 
following hearings on credit scores and reports:
           On February 26, 2019, the Full Committee 
        held a two-panel hearing, entitled ``Who's Keeping 
        Score? Holding Credit Bureaus Accountable and Repairing 
        a Broken System.'' The hearing allowed Members of the 
        Financial Services Committee to hear from witnesses 
        about the continuing challenges modernizing the Fair 
        Credit Reporting Act to better protect consumers and 
        their data, as well as other legislation to help 
        overcome those challenges.
           On July 25, 2019, the Full Committee' 
        taskforce on Financial Technology held a hearing, 
        entitled ``Examining the Use of Alternative Data in 
        Underwriting and Credit Scoring to Expand Access to 
        Credit'' to discuss emerging technologies and how they 
        impact access to credit, and their impact across 
        communities.
    The Committee Considered the Following Legislation:
           H.R. 3621, the Comprehensive Credit 
        Reporting Enhancement, Disclosure, Innovation, and 
        Transparency Act of 2020 (``Comprehensive CREDIT 
        Act''), introduced by Representative Ayanna Pressley, 
        which was passed by the House of Representatives on 
        January 29, 2020. H.R. 3621 would overhaul the credit 
        reporting system by empowering consumers with more 
        control of their data and requiring consumer reporting 
        agencies (CRAs) like Equifax, TransUnion, and Experian, 
        to better ensure that the information on consumer 
        credit reports is accurate and complete. This 
        legislation is a package of six bills approved by the 
        Financial Services Committee: H.R. 3642, the Improving 
        Credit Reporting for All Consumers Act introduced by 
        Representative Alma Adams; H.R. 3622, the Restoring 
        Unfairly Impaired Credit and Protecting Consumers Act, 
        introduced by Representative Rashida Tlaib; H.R. 3614, 
        the Restricting Use of Credit Checks for Employment 
        Decisions Act, introduced by Representative Al Lawson; 
        H.R. 3621, the Student Borrower Credit Improvement Act 
        introduced by Representative Pressley; H.R. 3629, the 
        Clarity in Credit Score Formation Act introduced by 
        Representative Stephen Lynch; and H.R. 3618, the Free 
        Credit Scores for Consumers Act introduced by 
        Representative Joyce Beatty.
           H.R. 748, the Coronavirus Aid, Relief and 
        Economic Security Act (CARES Act), which passed the 
        House on March 27, 2020 and became Public Law 116-136. 
        This bill includes some credit reporting protections, 
        including credit reporting protections for federal 
        student loan borrowers whose loans are deferred and for 
        consumers with current accounts who can make payment 
        arrangements with their creditors and lenders.
           H.R. 6800, the ``Heroes Act,'' which passed 
        the House on May 15, 2020. H.R. 6370, the Disaster 
        Protection for Workers' Credit Act by Representative 
        Brad Sherman, included in the Heroes Act prevents 
        credit scores from being ruined by preventing adverse 
        information being added to consumer credit reports and 
        prohibiting credit score furnishers from creating and/
        or implementing new credit scoring models that would 
        lower existing consumer credit scores during the COVID-
        19 pandemic. This provision also bans the reporting of 
        debts relating to COVID-19 medical procedures or 
        treatments.
           H.R. 5332, the ``Protecting Your Credit 
        Score Act of 2020,'' introduced by Representative Josh 
        Gottheimer, which passed the House of Representatives 
        on June 29, 2020. This bill mandates that all CRAs 
        create a single online consumer portal that gives 
        consumers free and unlimited access to their consumer 
        reports and credit scores and provides consumers with 
        the ability to initiate disputes about report accuracy, 
        and to place or remove a security freeze.
    Members of the Committee also sent the following letters 
relating to credit reporting and credit scores:
           On January 28, 2019, Chairwoman Maxine 
        Waters wrote to the heads of financial services 
        industry trade associations and the largest credit 
        reporting agencies to call on them to describe what 
        their institutions and member companies are doing to 
        help consumers affected by the Trump shutdown.
           On January 16, 2020, Chairwoman Maxine 
        Waters, Representative Al Green, Chair of the 
        Subcommittee on Oversight and Investigations, 
        Representative Bill Foster, Chairman of the Task Force 
        on Artificial Intelligence, Representative Stephen 
        Lynch, Chairman of the Task Force on Financial 
        Technology, and Representative Josh Gottheimer, sent a 
        letter to the Government Accountability Office 
        requesting information about the benefits and drawbacks 
        of alternative data in mortgage lending and the role of 
        the federal government in overseeing the use of 
        alternative data by credit reporting agencies (CRAs) 
        and lenders.
           On March 11, 2020, Chairwoman Maxine Waters 
        led six letters to Administration officials, prudential 
        regulators, financial services organizations and credit 
        reporting agencies expressing concerns about risks 
        related to coronavirus disease 2019 (COVID-19) and the 
        steps they are taking to prevent Americans and the 
        financial system from being harmed. Subcommittee and 
        Task Force Chairs joined Chairwoman Waters in leading 
        this effort.
    On March 19, 2020, The Financial Services Committee held a 
Bipartisan Staff Briefing on Impacts of Coronavirus on Credit 
Reporting Agencies with representatives from Equifax, Experian, 
Transunion, and Consumer Data Industry Association (CDIA) 
discussing what actions they were taking to help consumers in 
the COVID-19 emergency period.
    Financial Technology (fintech). The Committee created two 
task forces, the Taskforce on Financial Technology (Fintech) 
and the Taskforce on Artificial Intelligence (AI) to review and 
make legislative recommendations to the full Committee about 
how to apply the existing statutory framework governing 
financial services to an evolving marketplace. Combined, the 
Task Forces held the following hearings that explored issues 
relating to technology and the financial system:
           On June 25, 2019, ``Overseeing the Fintech 
        Revolution: Domestic and International Perspectives on 
        Fintech Regulation.''
           On July 25, 2019, ``Examining the Use of 
        Alternative Data in Underwriting and Credit Scoring to 
        Expand Access to Credit Access to Credit and 
        Creditworthiness.''
           On September 26, 2019, ``The Future of Real-
        Time Payments Real-Time Payments.''
           On January 30, 2020, ``Is Cash Still King? 
        Reviewing the Rise of Mobile Payments.''
           On November 21, 2019, Banking on Your Data: 
        The Role of Big Data in Financial Services.''
           On June 26, 2019, ``Perspectives on 
        Artificial Intelligence: Where We Are and the Next 
        Frontier in Financial Services.''
           On September 12, 2019, ``The Future of 
        Identity in Financial Services: Threats, Challenges, 
        and Opportunities Digital Identity and 
        Authentication.''
           On October 18, 2019, ``AI and the Evolution 
        of Cloud Computing: Evaluating How Financial Data is 
        Stored, Protected, and Maintained by Cloud Providers: 
        The Use of Cloud Computing and Third-Party Service 
        Providers.''
           On December 6, 2019, ``Robots on Wall 
        Street: The Impact of AI on Capital Markets and Jobs in 
        the Financial Services Industry.''
           On February 12, 2020, ``Equitable 
        Algorithms: Examining Ways to Reduce AI Bias in 
        Financial Services Data Privacy and Security.''
           On June 11, 2019, ``Inclusive Banking During 
        a Pandemic: Using FedAccounts and Digital Tools to 
        Improve Delivery of Stimulus Payments Deploying 
        Stimulus Payments: The Need for FedAccounts to Reach 
        the Unbanked and Underserved.''
           On July 9, 2020, ``Virtual Hearing--Exposure 
        Notification and Contact Tracing: How AI Helps 
        Localities Reopen Safely and Researchers Find a Cure 
        Automation, Contact Tracing, and the Economy.''
           On September 29, 2020, ``License to Bank: 
        Examining the Legal Framework Governing Who Can Lend 
        and Process Payments in the Fintech Age.''
    Payments System. The Task Force on Financial Technology 
held the following hearings on payments and payments systems:
           On September 26, 2019, ``The Future of Real-
        Time Payments Real-Time Payments.''
           On January 30, 2020, ``Is Cash Still King? 
        Reviewing the Rise of Mobile Payments.''
           On June 11, 2019, ``Inclusive Banking During 
        a Pandemic: Using FedAccounts and Digital Tools to 
        Improve Delivery of Stimulus Payments Deploying 
        Stimulus Payments--The Need for FedAccounts to Reach 
        the Unbanked and Underserved.''
           On September 29, 2020, ``License to Bank: 
        Examining the Legal Framework Governing Who Can Lend 
        and Process Payments in the Fintech Age.''
    Credit and other Payment Cards. The Committee held several 
hearings to address these issues:
           On March 7, 2019, the Full Committee held a 
        two-panel hearing entitled, ``Putting Consumers First? 
        A Semi-Annual Review of the Consumer Financial 
        Protection Bureau,'' to examine its Semi-Annual report 
        to Congress and to review the recent actions of the 
        Consumer Bureau and whether they aligned with the 
        spirit and plain letter of the Dodd-Frank Wall Street 
        Reform and Consumer Protection Act.
           On October 16, 2019 the Full Committee held 
        a hearing entitled, ``Who is Standing Up for Consumers? 
        A Semi-Annual Review of the Consumer Financial 
        Protection Bureau,'' to examine its Semi-Annual report 
        to Congress and to review the recent actions of the 
        Consumer Bureau and whether they aligned with the 
        spirit and plain letter of the Dodd-Frank Wall Street 
        Reform and Consumer Protection Act.
           On February 6, 2020, the Full Committee held 
        a hearing entitled, ``Protecting Consumers or Allowing 
        Consumer Abuse? A Semi-Annual Review of the Consumer 
        Financial Protection Bureau'' to examine its Semi-
        Annual report to Congress and to review the recent 
        actions of the Consumer Bureau and whether they aligned 
        with the spirit and plain letter of the Dodd-Frank Wall 
        Street Reform and Consumer Protection Act.
           On July 30, 2020, the Full Committee held a 
        hearing entitled, ``Protecting Consumers During the 
        Pandemic? An Examination of the Consumer Financial 
        Protection Bureau'' to examine its Semi-Annual report 
        to Congress and to review the recent actions of the 
        Consumer Bureau and whether they aligned with the 
        spirit and plain letter of the Dodd-Frank Wall Street 
        Reform and Consumer Protection Act, and to discuss 
        updates to how the CFPB is helping consumers during the 
        COVID-19 emergency period.
    On May 22, 2019, the House of Representatives passed H.R. 
1500, the Consumers First Act, introduced by Chairwoman Maxine 
Waters, a bill to reverse the Trump Administration's actions at 
the Consumer Financial Protection Bureau. This bill passed the 
House of Representatives on May 22, 2019.
    Money Services Businesses, Remittances, and De-risking. The 
Committee monitored developments on the regulatory actions to 
ensure that customers and countries are not inappropriately 
denied access to the banking system.
    On March 13, 2019, the Committee held a hearing entitled 
``Promoting Corporate Transparency: Examining Legislative 
Proposals to Detect and Deter Financial Crime,'' which examined 
the implementation and effectiveness of AML/CFT laws and 
regulations for opportunities to enhance compliance with these 
rules.
    On October 28, 2019, the House of Representatives passed 
H.R. 2514, the ``Coordinating Oversight, Upgrading and 
Innovating Technology, and Examiner Reform (COUNTER) Act of 
2019.'' This bill includes provisions relating to de-risking. 
This legislation was also included in H.R. 6395, which became 
public law 116-___/
    On November 19, 2019, Chairwoman Maxine Waters convened a 
roundtable with leaders from CARICOM nations, financial 
institutions, and Members of Congress to discuss opportunities 
to expand financial services in the Caribbean.
    Financial Education. The Committee considered the following 
legislation on this matter:
           H. Res. 327, introduced by Representative 
        Sean Casten, which passed the House of Representatives 
        on April 30, 2019. This bill encourages greater public-
        private sector collaboration to promote financial 
        literacy for students and young adults.
           H. Res. 328, introduced by Representative 
        Bill Foster, which passed the House of Representatives 
        on April 30, 2019. This bill supports the protection of 
        elders through financial literacy.
           H.R. 2162, the Housing Financial Literacy 
        Act of 2019, introduced by Representative Joyce Beatty, 
        which passed the House of Representatives on July 10, 
        2019. This bill gives first-time homebuyers who 
        complete a Department of Housing and Urban Development-
        certified counseling course a discount on their Federal 
        Housing Administration mortgage insurance premium.
    Cannabis Banking. The Subcommittee on Consumer Protection 
and Financial Institutions held a hearing on February 13, 2019 
entitled, ``Challenges and Solutions: Access to Banking 
Services for Cannabis-Related Businesses.''
    On September 25, 2019, the House of Representatives passed 
``The Secure and Fair Enforcement Banking Act of 2019, 
introduced by Representative Ed Perlmutter, which provided 
protections for financial institutions that provide services to 
business operating legally in states where marijuana is 
allowed.

                            Monetary Policy

    The Federal Reserve System. The Full Committee held several 
hearings on the Federal Reserve:
           The Committee heard semi-annual testimony 
        from Chair Powell during hearings entitled ``Monetary 
        Policy and the State of the Economy,'' on February 27, 
        2019, July 10, 2019, February 11, 2020, and June 17, 
        2020.
           Federal Reserve Vice Chair for Supervision 
        Randal Quarles testified during hearings titled 
        ``Oversight of Prudential Regulators'' on May 16, 2019, 
        December 4, 2019, and November 12, 2020.
    The Full Committee also held hearings entitled ``Oversight 
of the Treasury Department's and Federal Reserve's Pandemic 
Response,'' on June 30, 2020, September 22, 2020, and December 
2, 2020. The Committee extensively considered H.R. 6800, the 
Heroes Act, which includes provisions to make the Fed's 
emergency lending facilities more supportive of states, cities, 
territories, small businesses, non-profit organizations, and 
minority-owned businesses.
    On April 17, 2020, Chairwoman Maxine Waters sent a letter 
to Federal Reserve Chair Powell describing reforms the Federal 
Reserve could make to enhance its Main Street Lending Program 
and ensure a more equitable economic recovery for minority-
owned businesses and non-profit organizations, and to make the 
terms of its municipal liquidity facility more generous for 
states, cities, and territories.
    The Economy and its Impact on Living Standards. The Full 
Committee held hearings with the Federal Reserve Chair Jerome 
Powell as part of semi-annual testimony on monetary policy and 
the state of the economy on February 27, 2019, July 10, 2019, 
February 10, 2020, and June 17, 2020. After the passage of the 
CARES Act, the full Committee held quarterly hearings with 
Treasury Secretary Mnuchin and Chair Powell on June 30, 2020, 
September 22, 2020, and December 2, 2020 to discuss oversight 
of the macroeconomic stabilization programs included in the 
CARES Act.
    On December 4, 2020, the Committee hosted a bipartisan 
briefing with Federal Reserve Vice Chair Richard Clarida to 
discuss the Fed's new monetary policy framework, which was 
announced in August, and is expected to have major long-term 
ramifications for labor markets and economic growth.
    Tax Legislation and the Effect on the Economy. On October 
17, 2019, the Subcommittee on Capital Markets, Investor 
Protection, and Entrepreneurship held a hearing called 
``Examining Corporate Priorities: The Impact of Stock Buybacks 
on Workers, Communities, and Investors,'' to hear the 
perspectives of academics and experts about the huge growth in 
stock repurchases that had occurred after the passage of the 
Tax Cuts and Jobs Act.
    On September 19, 2019, the Subcommittee on Diversity and 
Inclusion held a hearing entitled ``Examining the Racial and 
Gender Wealth Gap in America,'' which included a discussion of 
how tax policies disproportionately benefitted wealthy, white 
households.
    Coins and Currency. The Committee considered six pieces of 
legislation on commemorative coins:
           S. 239, the ``Christa McAuliffe 
        Commemorative Coin Act of 2019,'' introduced by Senator 
        Jeanne Shaheen, which became Public Law 116-93.
           H.R. 2423, the ``Women's Suffrage Centennial 
        Commemorative Coin Act,'' introduced by Representative 
        Elise Stefanik, which became Public Law 116-171.
           H.R. 4104, the ``Negro Leagues Baseball 
        Centennial Commemorative Coin Act,'' introduced by 
        Representative Emanuel Cleaver, which became Public Law 
        116-209.
           H.R. 1830, the ``National Purple Heart Hall 
        of Honor Commemorative Coin Act,'' introduced by 
        Representative Sean Patrick Maloney, which Passed the 
        House of Representatives on September 19, 2020 and 
        became Public Law 116-___.
           H.R. 1865, the ``National Law Enforcement 
        Museum Commemorative Coin Act,'' introduced by 
        Representative Bill Pascrell, became Public Law 116-94.
           H.R. 6192, the ``1921 Silver Dollar Coin 
        Anniversary Act'', introduced by Representative Andy 
        Barr, which passed the House on September 22, 2020 by 
        voice vote.
    The Committee considered five pieces of legislation on 
Congressional gold medals:
           H.R. 1396, the ``Hidden Figures 
        Congressional Gold Medal Act,'' introduced by 
        Representative Eddie Bernice Johnson, which became 
        Public Law 116-68.
           H.R. 3589, the ``Greg LeMond Congressional 
        Gold Medal Act,'' introduced by Representative Mike 
        Thompson, which became Public Law 116-208.
           H.R. 5671, the ``Merchant Mariners of World 
        War II Congressional Gold Medal Act of 2020,'' 
        introduced by Representative John Garamendi, which 
        became Public Law 116-125.
           S. 743, the ``Merrill's Marauders 
        Congressional Gold Medal Act,'' introduced by Senator 
        Johnny Isakson, which became Public Law 116-170.
           H.R. 1773, the ``Rosie the Riveter 
        Congressional Gold Medal Act of 2019,'' introduced by 
        Representative Jackie Speier, which became law 116-195.
    The Committee considered one piece of legislation on 
bullion coins for investors:
           S. 457, the ``President George H.W. Bush and 
        First Spouse Barbara Bush Coin Act,'' which became 
        Public Law 116-112.
    The Committee also considered:
           H.R. 7995, the ``Coin Metal Modification 
        Authorization and Cost Savings Act of 2020'', 
        introduced by Representative Mark Amodei of Nevada, 
        which passed the House of Representatives on December 
        2, 2020 by a record vote of 343 41. This bill would 
        reduce the cost of minting coins by authorizing the 
        Treasury to pursue the use of alternative medals in 
        minting circulating coins.
           H.R. 1923, the ``Circulating Collectible 
        Coin Redesign Act of 2020,'' introduced by 
        Representative Barbara Lee, which passed the House on 
        September 22, 2020 by voice vote. This bill would 
        authorize the Mint to issue re-designed quarter-dollar 
        coins honoring prominent American women and the 
        commemorating the 100th anniversary of the 19th 
        Amendment, America's semiquincentennial (250th) 
        anniversary, and youth sports.
    Staff held a bipartisan staff-level briefing on February 
19, 2020 with the U.S. Secret Service on Secret Service 
Investigations, including efforts to detect and combat 
counterfeiting of U.S. coins and currency.
    The Committee continued to monitor developments in the 
circulating coin shortage due to COVID-19. On August 4, 2020, 
staff held a bipartisan staff-level briefing with the Federal 
Reserve and members of the Federal Reserve U.S. Coin Task Force 
on efforts to mitigate coin circulation issues.

                Investor Protection and Entrepreneurship

    Securities and Exchange Commission (SEC). The Committee 
held the following hearings on this matter:
           On June 19, 2019 the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Putting Investors 
        First: Examining Proposals to Strengthen Enforcement 
        Against Securities Law Violators.'' This hearing 
        examined legislative proposals designed to bolster 
        regulators' enforcement tools against securities law 
        violators.
           On September 24, 2019, the Full Committee 
        held a hearing entitled, ``Oversight of the Securities 
        and Exchange Commission: Wall Street's Cop on the 
        Beat.'' This was a one-panel hearing with all five 
        Commissioners from the Securities and Exchange 
        Commission (SEC).
           On June 25, 2020, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Capital Markets and 
        Emergency Lending in the COVID-19 Era,'' receiving 
        testimony from the Chairman of the SEC.
    The Committee held the following roundtables on this 
matter:
           On May 26, 2020, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a virtual roundtable entitled, ``Examining 
        the Impacts of the COVID-19 Pandemic on U.S. Capital 
        Markets.'' This bipartisan roundtable examined the 
        impacts of COVID-19 on US capital markets.
    The Committee considered the following legislation:
           H.R. 3701, Strengthening Fraud Protection 
        Provisions for SEC Enforcement Act of 2019, introduced 
        by Representative Gonzalez of Texas, to establish a 
        statute of limitations for certain actions of the 
        Securities and Exchange Commission.
           H.R. 4344, ``To amend the Securities 
        Exchange Act of 1934,'' introduced by Representative 
        Ben McAdams, which passed the House of Representatives 
        on November 18, 2019. This bill allows the Securities 
        and Exchange Commission to seek and Federal courts to 
        grant restitution to investors and disgorgement of 
        unjust enrichment.
    Investor Confidence. On April 3, 2019, the Subcommittee on 
Investor Protection, Entrepreneurship, and Capital Markets held 
a hearing entitled, ``Putting Investors First: Reviewing 
Proposals to Hold Executives Accountable.'' This hearing 
examined legislative proposals designed to hold public company 
executives accountable to both investors and the general 
public.
    On Tuesday, May 26, 2020, the Subcommittee on Investor 
Protection, Entrepreneurship, and Capital Markets held a 
virtual roundtable entitled, ``Examining the Impacts of the 
COVID-19 Pandemic on U.S. Capital Markets.'' This bipartisan 
roundtable examined the impacts of COVID-19 on US capital 
markets.
    The Committee considered the following legislation:
           H.R. 1815, the SEC Disclosure Effectiveness 
        Testing Act, introduced by Representative Sean Casten, 
        which passed the House of Representatives on March 26, 
        2019. This bill requires the Securities and Exchange 
        Commission must engage in investor testing to test the 
        usability and understandability of disclosures intended 
        for retail investors.
           H.R. 2515, the Whistleblower Protection 
        Reform Act of 2019, introduced by Representative Al 
        Green, which passed the House of Representatives on 
        July 9, 2019. This bill amends Section 922 of the Dodd-
        Frank Wall Street Reform and Consumer Protection Act 
        (Dodd-Frank) to clarify that whistleblowers who report 
        alleged misconduct to their employers, and not to the 
        SEC, are also protected by the anti-retaliation 
        provisions in Section 922.
           H.R. 2534, Insider Trading Prohibition Act, 
        introduced by Representative Jim Himes, which passed 
        the House of Representatives on December 5, 2019. This 
        bill codifies the definition of illegal insider trading 
        under the securities laws, creating a clear, consistent 
        standard for both courts and market participants to 
        follow.
           H.R. 4335, the 8-K Trading Gap Act of 2019, 
        which was introduced by Representative Carolyn Maloney, 
        which passed the House of Representatives on January 
        13, 2020. This bill directs the SEC to issue a rule 
        requiring public companies to put in place policies and 
        procedures that are reasonably designed to prohibit 
        officers and directors from trading company stock after 
        the company has determined that a significant corporate 
        event has occurred, and before the company has filed a 
        Form 8-K disclosing such event. The bill allowed for 
        limited exemptions.
           H.R. 4320, Corporate Management 
        Accountability Act of 2019, introduced by 
        Representative Katie Porter, which passed the House of 
        Representatives on December 11, 2019. This bill 
        requires publicly traded companies to disclose their 
        policies on whether senior executives or shareholders 
        bear the costs of paying the company's fines and 
        penalties.
    Fiduciary Duty of Financial Advisers. On March 14, 2019, 
the Subcommittee on Investor Protection, Entrepreneurship, and 
Capital Markets held a hearing entitled, ``Putting Investors 
First? Examining the SEC's Best Interest Rule.'' This hearing 
examined the SEC's proposed change to the suitability standard 
of conduct for brokers and guidance on the fiduciary standard 
of conduct for investment advisers.
    Chairwoman Maxine Waters offered an amendment to H.R. 3351, 
the Financial Services and General Government Appropriations 
Act of 2020, that prohibited the Securities and Exchange 
Commission from using funds to administer, enforce, or 
publicize Regulation Best Interest.
    Mandatory Arbitration. The Committee continued to monitor 
developments on mandatory arbitration throughout the 116th 
Congress. Staff held meetings with interested parties.
    Entrepreneurship. The Committee held the following hearings 
on this matter:
           On June 19, 2019 the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Putting Investors 
        First: Examining Proposals to Strengthen Enforcement 
        Against Securities Law Violators.'' This hearing 
        examined legislative proposals designed to bolster 
        regulators' enforcement tools against securities law 
        violators.
           On September 24, 2019, the Full Committee 
        held a hearing entitled, ``Oversight of the Securities 
        and Exchange Commission: Wall Street's Cop on the 
        Beat.'' This was a one-panel hearing with all five 
        Commissioners from the Securities and Exchange 
        Commission (SEC).
           On June 25, 2020, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Capital Markets and 
        Emergency Lending in the COVID-19 Era.''
           On September 11, 2019, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Examining Private 
        Market Exemptions as a Barrier to IPOs and Retail 
        Investment.''
    On July 9, 2019, the House of Representatives passed:
           H.R. 2409, the Expanding Access to Capital 
        for Rural Job Creators Act, introduced by 
        Representative Cynthia Axne, which requires the 
        Advocate for Small Business Capital Formation within 
        the Securities and Exchange Commission to report on 
        issues encountered by rural-area small businesses.
           H.R. 2919, the Improving Investment Research 
        for Small and Emerging Issues Act, introduced by 
        Representative Bill Huizenga, which requires the SEC to 
        report on investment research regarding small issues.
           H.R. 3050, the Expanding Investment in Small 
        Businesses Act of 2019, which directs the SEC to report 
        on limits on shares of an individual company that a 
        diversified company may own, and the limitations impact 
        on capital formation.
    Corporate Governance. The Committee held the following 
hearings on corporate governance:
           On July 10, 2019 at 2:00 p.m., the 
        Subcommittee on Investor Protection, Entrepreneurship, 
        and Capital Markets held a hearing entitled, ``Building 
        a Sustainable and Competitive Economy: An Examination 
        of Proposals to Improve Environmental, Social, and 
        Governance Disclosures.''
           On July 14, 2020, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a virtual hearing entitled, ``Promoting 
        Economic Recovery: Examining Capital Markets and Worker 
        Protections in the COVID-19 Era,''
    The Committee also considered the following legislation:
           H.R. 1731, the Cybersecurity Disclosure Act 
        of 2019, introduced by Representative Jim Himes, which 
        bill directs the Securities and Exchange Commission to 
        issue final rules requiring registered issuers to 
        annually disclose whether any member of its governing 
        body has expertise or experience in cybersecurity; and 
        if no member has such expertise or experience, describe 
        what cybersecurity considerations were taken into 
        account when identifying and evaluating nominees for 
        the governing body.
           H.R. 3623, Climate Risk Disclosure Act of 
        2019, introduced by Representative Sean Casten, which 
        directs the Securities and Exchange Commission (SEC) to 
        require an issuer of securities to annually disclose 
        information regarding climate change-related risks 
        posed to the issuer, including an issuer's strategies 
        and actions to mitigate these risks.
           H.R. 3624, Outsourcing Accountability Act, 
        introduced by Representative Cynthia Axne, which passed 
        the House of Representatives on October 18, 2019. This 
        bill requires an issuer to disclose specified 
        information related to the number of domestic and 
        foreign employees of the issuer and its subsidiaries.
           H.R. 3641, Stronger Enforcement of Civil 
        Penalties Act of 2019, introduced by Representative 
        Katie Porter, which increases civil and administrative 
        monetary penalties for securities law violators and 
        adds a fourth tier of monetary penalties for violations 
        by a person that, within the five-year period preceding 
        the violation (1) was criminally convicted for 
        securities fraud; or (2) became subject to a judgment 
        or order imposing monetary, equitable, or 
        administrative relief in a Securities and Exchange 
        Commission (SEC) action alleging fraud.
           H.R. 4329, ESG Disclosure Simplification Act 
        of 2019, introduced by Representative Juan Vargas, 
        which requires an issuer of securities to annually 
        disclose to shareholders certain environmental, social, 
        and governance metrics and their connection to the 
        long-term business strategy of the issuer, among other 
        requirements.
           H.R. 5929, the Shareholder Political 
        Transparency Act, introduced by Representative Bill 
        Foster, which requires an issuer of securities to 
        disclose information related to expenditures for 
        political activities.
           H.R. 5930, Workforce Investment Disclosure 
        Act, introduced by Representative Cynthia Axne, which 
        requires an issuer of securities to disclose certain 
        information regarding its human capital management 
        policies.
           H.R. 6270, the Uyghur Forced Labor 
        Disclosure Act of 2020, introduced by Representative 
        Jennifer Wexton, which passed the House of 
        Representatives on September 30, 2020. This bill 
        requires issuers of securities to publicly disclose 
        their activities related to China's Xinjiang Uyghur 
        Autonomous Region.
    Executive Compensation. The Committee will review the SEC's 
implementation of regulations requiring greater transparency in 
disclosures of executive compensation arrangements, including 
the SEC's and the other federal financial agencies' progress in 
completing related rulemakings mandated under the Dodd-Frank 
Act.
    The Committee held the following hearings on executive 
compensation:
           On May 15, 2019, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Promoting Economic 
        Growth: A Review of Proposals to Strengthen the Rights 
        and Protections for Workers.'' This hearing examined 
        legislative proposals designed to provide more 
        information to help investors make decisions based on 
        long-term economic growth.
           On June 19, 2019, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Putting Investors 
        First: Examining Proposals to Strengthen Enforcement 
        Against Securities Law Violators.'' This hearing 
        examined legislative proposals designed to bolster 
        regulators' enforcement tools against securities law 
        violators.
           On September 24, 2019, the Full Committee 
        held a hearing entitled, ``Oversight of the Securities 
        and Exchange Commission: Wall Street's Cop on the 
        Beat.'' This was a one-panel hearing with all five 
        Commissioners from the Securities and Exchange 
        Commission (SEC).
           On September 17, 2020, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Insider Trading and 
        Stock Option Grants: An Examination of Corporate 
        Integrity in the Covid-19 Pandemic.''
    The Committee also considered H.R. 4242, the ``Greater 
Accountability in Pay (GAP) Act of 2019, introduced by 
Representatives Nydia Velazquez, which requires specified 
issuers of securities to disclose compensation information 
regarding executive officers and employees.
    Capital Formation in Private and Public Markets. The 
Committee held the following hearings on this matter:
           On June 19, 2019, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Putting Investors 
        First: Examining Proposals to Strengthen Enforcement 
        Against Securities Law Violators.'' This hearing 
        examined legislative proposals designed to bolster 
        regulators' enforcement tools against securities law 
        violators.
           On September 24, 2019, the Full Committee on 
        Financial Services held a hearing entitled, ``Oversight 
        of the Securities and Exchange Commission: Wall 
        Street's Cop on the Beat.'' This was a one-panel 
        hearing with all five Commissioners from the Securities 
        and Exchange Commission (SEC).
           On June 25, 2020, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Capital Markets and 
        Emergency Lending in the COVID-19 Era.''
           On September 11, 2019, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Examining Private 
        Market Exemptions as a Barrier to IPOs and Retail 
        Investment.''
           On September 24, 2019, the Full Committee 
        held a hearing entitled, ``Oversight of the Securities 
        and Exchange Commission: Wall Street's Cop on the 
        Beat.'' This was a one-panel hearing with all five 
        Commissioners from the Securities and Exchange 
        Commission (SEC).
    On May 26, 2020, the Subcommittee on Investor Protection, 
Entrepreneurship, and Capital Markets held a virtual roundtable 
entitled, ``Examining the Impacts of the COVID-19 Pandemic on 
U.S. Capital Markets.'' This bipartisan roundtable examined the 
impacts of COVID-19 on US capital markets.

                            Capital Markets

    Self-Regulatory Organizations (SROs). The Committee will 
monitor the operations, initiatives, and activities of SROs, 
including the Municipal Securities Rulemaking Board (MSRB) and 
Financial Industry Regulatory Authority, Inc. (FINRA). The 
Committee also will consider limitations or regulatory gaps in 
the current SRO system and ways to streamline and strengthen 
the regulatory, compliance, examination, and enforcement 
structure.
    On September 24, 2019, the Full Committee held a hearing 
entitled, ``Oversight of the Securities and Exchange 
Commission: Wall Street's Cop on the Beat.'' This was a one-
panel hearing with all five Commissioners from the Securities 
and Exchange Commission (SEC).
    The Subcommittee on Investor Protection, Entrepreneurship 
and Capital Markets Committee held the following hearings on 
this matter:
           On June 19, 2019 the Subcommittee held a 
        hearing entitled, ``Putting Investors First: Examining 
        Proposals to Strengthen Enforcement Against Securities 
        Law Violators.'' This hearing examined legislative 
        proposals designed to bolster regulators' enforcement 
        tools against securities law violators.
           On June 25, 2020, the Subcommittee held a 
        hearing entitled, ``Capital Markets and Emergency 
        Lending in the COVID-19 Era.''
    On May 26, 2020, the Subcommittee on Investor Protection, 
Entrepreneurship, and Capital Markets held a virtual roundtable 
entitled, ``Examining the Impacts of the COVID-19 Pandemic on 
U.S. Capital Markets.'' This bipartisan roundtable examined the 
impacts of COVID-19 on US capital markets.
    Hedge Funds and Private Pools of Capital. On November 19, 
2019 the Full Committee held a hearing entitled, ``America for 
Sale? An Examination of the Practices of Private Funds.''
    On May 26, 2020, the Subcommittee on Investor Protection, 
Entrepreneurship, and Capital Markets held a virtual roundtable 
entitled, ``Examining the Impacts of the COVID-19 Pandemic on 
U.S. Capital Markets.'' This bipartisan roundtable examined the 
impacts of COVID-19 on U.S. capital markets.
    Investment Companies. The Committee held the following 
hearings on this matter:
           On June 19, 2019, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Putting Investors 
        First: Examining Proposals to Strengthen Enforcement 
        Against Securities Law Violators.'' This hearing 
        examined legislative proposals designed to bolster 
        regulators' enforcement tools against securities law 
        violators.
           On September 24, 2019, the Full Committee s 
        held a hearing entitled, ``Oversight of the Securities 
        and Exchange Commission: Wall Street's Cop on the 
        Beat.'' This was a one-panel hearing with all five 
        Commissioners from the Securities and Exchange 
        Commission (SEC).
           On May 26, 2020, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a virtual roundtable entitled, ``Examining 
        the Impacts of the COVID-19 Pandemic on U.S. Capital 
        Markets.'' This bipartisan roundtable examined the 
        impacts of COVID-19 on US capital markets.
    Credit Rating Agencies. The Committee held the following 
hearings on this matter:
           On June 19, 2019 the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Putting Investors 
        First: Examining Proposals to Strengthen Enforcement 
        Against Securities Law Violators.'' This hearing 
        examined legislative proposals designed to bolster 
        regulators' enforcement tools against securities law 
        violators.
           On September 24, 2019, the Full Committee 
        held a hearing entitled, ``Oversight of the Securities 
        and Exchange Commission: Wall Street's Cop on the 
        Beat.'' This was a one-panel hearing with all five 
        Commissioners from the Securities and Exchange 
        Commission (SEC).
           On June 25, 2020, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Capital Markets and 
        Emergency Lending in the COVID-19 Era.''
    On May 26, 2020, the Subcommittee on Investor Protection, 
Entrepreneurship, and Capital Markets held a virtual roundtable 
entitled, ``Examining the Impacts of the COVID-19 Pandemic on 
U.S. Capital Markets.'' This bipartisan roundtable examined the 
impacts of COVID-19 on US capital markets.
    On September 21, 2020, the House of Representatives passed 
H.R. 6934, introduced by Representative Madeleine Dean, To 
amend the CARES Act to require the uniform treatment of 
nationally recognized statistical rating organizations under 
certain programs carried out in response to the COVID-19 
emergency, and for other purposes.
    Financial Accounting and Auditing. On January 15, 2020 the 
Subcommittee on Investor Protection, Entrepreneurship, and 
Capital Markets held a hearing entitled, ``Overseeing the 
Standard Setters: An Examination of the Financial Accounting 
Standards Board and the Public Company Accounting Oversight 
Board.''
    The Committee considered the following legislation related 
to financial accounting and auditing:
           H.R. 3625, legislation introduced by 
        Representative Sylvia Garcia, which passed the House of 
        Representatives on September 20, 2019. This bill 
        establishes a whistleblower program at the Public 
        Company Accounting Oversight Board.
           S. 945, the Holding Foreign Companies 
        Accountable Act, introduced by Senator John Neely 
        Kennedy, (and similar to H.R. 7000, introduced by 
        Representative Brad Sherman), which passed the House of 
        Representatives on December 2, 2020 and became Public 
        Law 116-__. This bill requires issuers to make certain 
        certifications to the PCAOB if they are retaining a 
        foreign public accounting firm.
    Cybersecurity. On September 24, 2019, the Full Committee 
held a hearing entitled, ``Oversight of the Securities and 
Exchange Commission: Wall Street's Cop on the Beat.'' This was 
a one-panel hearing with all five Commissioners from the 
Securities and Exchange Commission (SEC) where these issues 
were addressed.
    The Committee considered, H.R. 1731, the Cybersecurity 
Disclosure Act of 2019, legislation introduced by 
Representative Jim Himes, which requires annual disclosures by 
companies regarding cyber security threats.
    Cryptocurrencies. The Committee held the following hearings 
related to cryptocurrencies:
           The Full Committee held a hearing on July 
        17, 2019, entitled ``Examining Facebook's Proposed 
        Cryptocurrency and Its Impact on Consumers, Investors, 
        and the American Financial System'' which examined how 
        Facebook's proposed cryptocurrency, Libra, could be 
        used in the pursuit of illicit purposes.
           The Task Force on Financial Technology 
        (Fintech) held a hearing on June 25, 2019, entitled 
        ``Overseeing the Fintech Revolution: Domestic and 
        International Perspectives on Fintech Regulation'' 
        which examined how emerging technologies affect and 
        interact with the U.S. financial system and considered 
        how the technologies could be used to in pursuit of 
        illicit purposes.
           On June 19, 2019, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Putting Investors 
        First: Examining Proposals to Strengthen Enforcement 
        Against Securities Law Violators.'' This hearing 
        examined legislative proposals designed to bolster 
        regulators' enforcement tools against securities law 
        violators.
           On June 25, 2020, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Capital Markets and 
        Emergency Lending in the COVID-19 Era.''
           On September 11, 2019, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Examining Private 
        Market Exemptions as a Barrier to IPOs and Retail 
        Investment.''
           On September 24, 2019, the Full Committee on 
        Financial Services held a hearing entitled, ``Oversight 
        of the Securities and Exchange Commission: Wall 
        Street's Cop on the Beat.'' This was a one-panel 
        hearing with all five Commissioners from the Securities 
        and Exchange Commission (SEC).
           On October 23, 2019, the Full Committee held 
        a hearing entitled ``An Examination of Facebook and Its 
        Impact on the Financial Services and Housing Sectors,'' 
        with Mark Zuckerberg as the only witness.
    Fixed income markets. The Committee held the following 
hearings on this matter:
           On June 19, 2019, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Putting Investors 
        First: Examining Proposals to Strengthen Enforcement 
        Against Securities Law Violators.'' This hearing 
        examined legislative proposals designed to bolster 
        regulators' enforcement tools against securities law 
        violators.
           On September 24, 2019, the Full Committee on 
        Financial Services held a hearing entitled, ``Oversight 
        of the Securities and Exchange Commission: Wall 
        Street's Cop on the Beat.'' This was a one-panel 
        hearing with all five Commissioners from the Securities 
        and Exchange Commission (SEC).
           On June 25, 2020, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Capital Markets and 
        Emergency Lending in the COVID-19 Era.''
    On May 26, 2020, the Subcommittee on Investor Protection, 
Entrepreneurship, and Capital Markets held a virtual roundtable 
entitled, ``Examining the Impacts of the COVID-19 Pandemic on 
U.S. Capital Markets.'' This bipartisan roundtable examined the 
impacts of COVID-19 on US capital markets.
    Derivatives Markets. The Committee held the following 
hearings on this matter:
           On June 19, 2019, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Putting Investors 
        First: Examining Proposals to Strengthen Enforcement 
        Against Securities Law Violators.'' This hearing 
        examined legislative proposals designed to bolster 
        regulators' enforcement tools against securities law 
        violators.
           On September 24, 2019, the Full Committee on 
        Financial Services held a hearing entitled, ``Oversight 
        of the Securities and Exchange Commission: Wall 
        Street's Cop on the Beat.'' This was a one-panel 
        hearing with all five Commissioners from the Securities 
        and Exchange Commission (SEC).
           On June 25, 2020, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Capital Markets and 
        Emergency Lending in the COVID-19 Era.''
    On August 1, 2019, Chairwoman Maxine Waters and Senate 
Banking Committee Ranking Member Sherrod Brown wrote a letter 
to the FDIC, OCC, and Federal Reserve, urging the agencies to 
maintain requirements for banks to post initial margin for any 
swaps transaction between insured depository institutions and 
their affiliates. In the letter, the lawmakers highlighted the 
importance of these requirements, which protect taxpayers from 
risky behavior that led to the 2008 financial crisis.
    On May 26, 2020, the Subcommittee on Investor Protection, 
Entrepreneurship, and Capital Markets held a virtual roundtable 
entitled, ``Examining the Impacts of the COVID-19 Pandemic on 
U.S. Capital Markets.'' This bipartisan roundtable examined the 
impacts of COVID-19 on US capital markets.
    Equity and options markets. The Committee held the 
following hearings on this matter:
           On June 19, 2019, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Putting Investors 
        First: Examining Proposals to Strengthen Enforcement 
        Against Securities Law Violators.'' This hearing 
        examined legislative proposals designed to bolster 
        regulators' enforcement tools against securities law 
        violators.
           On September 24, 2019, the Full Committee on 
        Financial Services held a hearing entitled, ``Oversight 
        of the Securities and Exchange Commission: Wall 
        Street's Cop on the Beat.'' This was a one-panel 
        hearing with all five Commissioners from the Securities 
        and Exchange Commission (SEC).
           On Thursday, June 25, 2020, the Subcommittee 
        on Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Capital Markets and 
        Emergency Lending in the COVID-19 Era.''
    On May 26, 2020, the Subcommittee on Investor Protection, 
Entrepreneurship, and Capital Markets held a virtual roundtable 
entitled, ``Examining the Impacts of the COVID-19 Pandemic on 
U.S. Capital Markets.'' This bipartisan roundtable examined the 
impacts of COVID-19 on US capital markets.
    Trade Policy Impact. The Committee held the following 
hearings on this matter:
           On May 15, 2019, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Promoting Economic 
        Growth: A Review of Proposals to Strengthen the Rights 
        and Protections for Workers.'' This hearing examined 
        legislative proposals designed to provide more 
        information to help investors make decisions based on 
        long-term economic growth.
           On June 19, 2019, the Subcommittee on 
        National Security, International Development, and 
        Monetary Policy held a hearing entitled, ``Promoting 
        Economic Growth: Exploring the Impact of Recent Trade 
        Policies on the U.S. Economy.'' This hearing examined 
        the impact of the Trump administration's increased 
        tariffs, with a focus on the implications of Trump's 
        trade war with China for American farmers.
    On October 18, 2019, the House of Representatives passed 
H.R. 3624, the Outsourcing Accountability Act, introduced by 
Representative Axne, which requires an issuer that is 
registered with the Securities and Exchange Commission to 
disclose specified information related to the number of 
domestic and foreign employees of the issuer and its 
subsidiaries.

                           National Security

    Office of Terrorism and Financial Intelligence (TFI). The 
Subcommittee on National Security, International Development, 
and Monetary Policy held the following hearings on this matter:
           A hearing on March 13, 2019, entitled 
        ``Promoting Corporate Transparency: Examining 
        Legislative Proposals to Detect and Deter Financial 
        Crime,'' which examined the implementation and 
        effectiveness of AML/CFT laws and regulations for 
        opportunities to enhance compliance with these rules.
           A hearing on January 15, 2020, entitled ``A 
        Persistent and Evolving Threat: An Examination of the 
        Financing of Domestic Terrorism and Extremism,'' which 
        examined patterns and trends of domestic terrorism 
        finance.
           A hearing on March 4, 2020, entitled ``The 
        Traffickers' Roadmap: How Bad Actors Exploit Financial 
        Systems to Facilitate the Illicit Trade in People, 
        Animals, Drugs, and Weapons,'' which examined the 
        trends and patterns of trafficking and how the illicit 
        proceeds thereof are laundered through the U.S. 
        financial system.
           A virtual hearing on June 16, 2020, entitled 
        ``Cybercriminals and Fraudsters: How Bad Actors Are 
        Exploiting the Financial System During the COVID-19 
        Pandemic,'' which addressed prevention of fraudulent 
        activities and efforts to counter cyber intrusions that 
        target the financial sector and system.
    The Committee considered the following legislation to 
monitor the development and implementation of U.S. government 
strategies and programs to combat terrorist financing, money 
laundering, and other financial crimes including:
           H.R. 56, the ``Financial Technology 
        Protection Act'', introduced by Representative Budd, 
        which passed the House of Representatives on January 
        28, 2019. This bill establishes a Task Force for the 
        investigation of new financial technologies (e.g., 
        digital currencies) and their use in terrorism and 
        other illicit activities.
           H.R. 758, the ``Cooperate with Law 
        Enforcement Agencies and Watch Act of 2019'', 
        introduced by Representative French Hill, which passed 
        the House of Representatives on March 11, 2019. This 
        bill limits a financial institution's liability in the 
        presence of keep open letters.
           H.R. 1414, the ``FinCEN Improvement Act of 
        2019'', introduced by Representative Wexton, which 
        passed the House of Representatives on March 11, 2019. 
        This bill amends the duties of the Financial Crimes 
        Enforcement Network (FinCEN) to require coordination 
        with Tribal law enforcement authorities and 
        international coordination on matters involving 
        emerging technology and virtual currency.
           H.R. 2513, the ``Corporate Transparency Act 
        of 2019,'' introduced by Representative Maloney, which 
        passed the House of Representatives on October 22, 
        2019. This bill initiates a federal database and 
        related reporting requirements to establish 
        transparency to combat the use of anonymous companies 
        for money laundering, terror finance, and other 
        financial crimes. A substantially similar amendment 
        passed the House as part of H.R. 6395, the National 
        Defense Authorization Act for Fiscal Year 2021, which 
        became Public Law 116-__.
           H.R. 2514, the ``Coordinating Oversight, 
        Upgrading and Innovating Technology, and Examiner 
        Reform (COUNTER) Act of 2019,'' introduced by 
        Representative Cleaver, which passed the House of 
        Representatives on October 28, 2019. This bill revises 
        requirements related to the Bank Secrecy Act's anti-
        money laundering and counter-terrorism financing 
        provisions. A substantially similar amendment passed 
        the House as part of H.R. 6395, the National Defense 
        Authorization Act for Fiscal Year 2021, which became 
        Public Law 116-__.
    The Subcommittee on National Security, International 
Development, and Monetary Policy held a bipartisan staff-level 
briefing on February 19, 2020 with the U.S. Secret Service on 
Secret Service Investigations, particularly the mission of the 
USSS to counter financial fraud and stolen credit-card data.
    Financial Crimes Enforcement Network (FinCEN). The 
Committee will monitor the operations of FinCEN and its ongoing 
efforts to implement its regulatory mandates pursuant to the 
Bank Secrecy Act to safeguard the integrity of the financial 
system and combat money laundering, terrorist financing, and 
other illicit finance.
    The Subcommittee on National Security, International 
Development, and Monetary Policy held a hearing on March 13, 
2019, entitled ``Promoting Corporate Transparency: Examining 
Legislative Proposals to Detect and Deter Financial Crime,'' 
which examined the implementation and effectiveness of AML/CFT 
laws and regulations for opportunities to enhance compliance 
with these rules.
    The Committee considered five pieces of legislation to 
monitor the operations of FinCEN and its efforts to safeguard 
the integrity of the financial system, combat money laundering, 
terrorist financing, and other illicit finance including:
           H.R. 56, the ``Financial Technology 
        Protection Act,'' introduced by Representative Ted 
        Budd, which passed the House of Representatives on 
        January 28,2019. This bill establishes a Task Force for 
        the investigation of new financial technologies (e.g., 
        digital currencies) and their use in terrorism and 
        other illicit activities.
           H.R. 758, the ``Cooperate with Law 
        Enforcement Agencies and Watch Act of 2019,'' 
        introduced by Representative French Hill, which passed 
        the House Representatives on March 11, 2019. This bill 
        amended the duties of the Financial Crimes Enforcement 
        Network (FinCEN) to require coordination with Tribal 
        law enforcement authorities and international 
        coordination on matters involving emerging technology 
        and virtual currency.
           H.R. 2513, the ``Corporate Transparency Act 
        of 2019,'' introduced by Representative Maloney, which 
        passed the House of Representatives on October 22, 
        2019. This bill initiates a federal database and 
        related reporting requirements to establish 
        transparency to combat the use of anonymous companies 
        for money laundering, terror finance, and other 
        financial crimes. A substantially similar amendment 
        passed the House as part of H.R. 6395, the National 
        Defense Authorization Act for Fiscal Year 2021, which 
        became Public Law 116-__.
           H.R. 2514, the ``Coordinating Oversight, 
        Upgrading and Innovating Technology, and Examiner 
        Reform (COUNTER) Act of 2019,'' introduced by 
        Representative Cleaver, which passed the House of 
        Representatives on October 28, 2019. This bill revises 
        requirements related to the Bank Secrecy Act's anti-
        money laundering and counter-terrorism financing 
        provisions. A substantially similar amendment passed 
        the House as part of H.R. 6395, the National Defense 
        Authorization Act for Fiscal Year 2021, which became 
        Public Law 116-__.
           H.R. 2613, the Advancing Innovation to 
        Assist Law Enforcement Act, introduced by 
        Representative Anthony Gonzalez, which passed the House 
        of Representatives on September 22, 2019. This bill 
        requires FINCEN to report on emerging technologies and 
        their use in law enforcement.
    The Subcommittee on National Security, International 
Development, and Monetary Policy held three bipartisan staff-
level briefings on FinCEN issues.
           May 21, 2020, with FinCEN, SEC, and the U.S. 
        Secret Service on COVID-19 and emerging fraud issues.
           August 13, 2020, with FinCEN on 311 Special 
        Measures which provide Treasury with a range of options 
        to most effectively target specific money laundering 
        and terrorism financing.
           October 8, 2020, with experts on the 
        ``FinCEN Files,'' a release of confidential documents 
        from an unknown FinCEN source.
    Money Laundering and Terrorist Financing. The Subcommittee 
on National Security, International Development, and Monetary 
Policy held three hearings examining the existing AML/CFT laws 
and regulations as well as the patterns and trends of money 
laundering and terrorist finance including:
           A hearing on March 13, 2019, entitled 
        ``Promoting Corporate Transparency: Examining 
        Legislative Proposals to Detect and Deter Financial 
        Crime,'' which examined the implementation and 
        effectiveness of AML/CFT laws and regulations for 
        opportunities to enhance compliance with these rules.
           A hearing on January 15, 2020, entitled ``A 
        Persistent and Evolving Threat: An Examination of the 
        Financing of Domestic Terrorism and Extremism,'' which 
        examined patterns and trends of domestic terrorism 
        finance.
           A hearing on March 4, 2020, entitled ``The 
        Traffickers'' Roadmap: How Bad Actors Exploit Financial 
        Systems to Facilitate the Illicit Trade in People, 
        Animals, Drugs, and Weapons,'' which examined the 
        trends and patterns of trafficking and how the illicit 
        proceeds thereof are laundered through the U.S. 
        financial system.
    The Committee considered the following legislation related 
to enhancing compliance and effectiveness of AML/CFT laws and 
regulations and preventing abuse of the financial system by 
money launderers and terrorist financiers:
           H.R. 56, the ``Financial Technology 
        Protection Act,'' introduced by Representative Ted 
        Budd, which passed the House of Representatives on 
        January 28,2019. This bill establishes a Task Force for 
        the investigation of new financial technologies (e.g., 
        digital currencies) and their use in terrorism and 
        other illicit activities.
           H.R. 758, the ``Cooperate with Law 
        Enforcement Agencies and Watch Act of 2019,'' 
        introduced by Representative French Hill, which passed 
        the House Representatives on March 11, 2019. This bill 
        amended the duties of the Financial Crimes Enforcement 
        Network (FinCEN) to require coordination with Tribal 
        law enforcement authorities and international 
        coordination on matters involving emerging technology 
        and virtual currency.
           H. Res. 206, ``Acknowledging that the lack 
        of sunlight and transparency in financial transactions 
        poses a threat to our national security and our 
        economy's security and supporting efforts to close 
        related loopholes,'' introduced by Chairwoman Maxine 
        Waters, which passed the House of Representatives on 
        March 13, 2019. This resolution highlights the need to 
        close loopholes related to money laundering.
           H.R. 2514, the ``Coordinating Oversight, 
        Upgrading and Innovating Technology, and Examiner 
        Reform (COUNTER) Act of 2019,'' introduced by 
        Representative Cleaver, which passed the House of 
        Representatives on October 28, 2019. This bill revises 
        requirements related to the Bank Secrecy Act's anti-
        money laundering and counter-terrorism financing 
        provisions. A substantially similar amendment passed 
        the House as part of H.R. 6395, the National Defense 
        Authorization Act for Fiscal Year 2021, which became 
        Public Law 116-__.
           H.R. 7592, the ``Stopping Trafficking, 
        Illicit Flows, Laundering, and Exploitation (STIFLE) 
        Act of 2020,'' introduced by Representative Ben 
        McAdams, which passed the House of Representatives on 
        September 21, 2020. This bill directs the GAO to study 
        illicit trafficking networks for areas of commonality 
        and how financial institutions identify and report such 
        activity. A substantially similar amendment passed the 
        House as part of H.R. 6395, the National Defense 
        Authorization Act for Fiscal Year 2021, which became 
        Public Law 116-__.
    The Subcommittee on National Security, International 
Development, and Monetary Policy held the following bipartisan 
staff-level briefings on money laundering issues.
           May 24, 2019, in partnership with the 
        Commission on Security and Cooperation in Europe, with 
        experts on Trade-Based Money Laundering (TBML).
           February 19, 2020, with the U.S. Secret 
        Service on Secret Service Investigations, particularly 
        the mission of the USSS to counter financial fraud and 
        stolen credit-card data.
           August 13, 2020, with FinCEN on 311 Special 
        Measures that provide Treasury with a range of options 
        to most effectively target specific money laundering 
        and terrorism financing.
    On May 28-May 31, 2019, Committee staff travelled to Alaska 
to receive briefings concerning counter-terrorism and counter-
illicit finance operations as well as receive to see firsthand 
Department of Defense and U.S. Coast Guard assets tasked to 
defend our northern border and to have discussions with 
interagency partners regarding illicit threats.
    Counterterrorism Financing Policy. The Subcommittee on 
National Security, International Development, and Monetary 
Policy held a hearing on March 13, 2019, entitled ``Promoting 
Corporate Transparency: Examining Legislative Proposals to 
Detect and Deter Financial Crime,'' which examined the 
implementation and effectiveness of counterterrorism financing 
policy and coordination on counter-terrorism financing training 
and technical assistance.
    The Committee considered the following legislation that 
address counterterrorism financing policy including:
           H.R. 2513, the ``Corporate Transparency Act 
        of 2019,'' introduced by Representative Maloney, which 
        passed the House of Representatives on October 22, 
        2019. This bill initiates a federal database and 
        related reporting requirements to establish 
        transparency to combat the use of anonymous companies 
        for money laundering, terror finance, and other 
        financial crimes. A substantially similar amendment 
        passed the House as part of H.R. 6395, the National 
        Defense Authorization Act for Fiscal Year 2021, which 
        became Public Law 116-__.
           H.R. 2514, the ``Coordinating Oversight, 
        Upgrading and Innovating Technology, and Examiner 
        Reform (COUNTER) Act of 2019,'' introduced by 
        Representative Cleaver, which passed the House of 
        Representatives on October 28, 2019. This bill revises 
        requirements related to the Bank Secrecy Act's anti-
        money laundering and counter-terrorism financing 
        provisions. A substantially similar amendment passed 
        the House as part of H.R. 6395, the National Defense 
        Authorization Act for Fiscal Year 2021, which became 
        Public Law 116-__.
    Beneficial Ownership. The Subcommittee on National 
Security, International Development, and Monetary Policy held a 
hearing on March 13, 2019, entitled ``Promoting Corporate 
Transparency: Examining Legislative Proposals to Detect and 
Deter Financial Crime,'' which examined the implementation and 
effectiveness of counterterrorism financing policy and 
coordination on counter-terrorism financing training and 
technical assistance.
    The Committee considered the following legislation that 
address counterterrorism financing policy including:
           H.R. 2513, the ``Corporate Transparency Act 
        of 2019,'' introduced by Representative Maloney, which 
        passed the House of Representatives on October 22, 
        2019. This bill initiates a federal database and 
        related reporting requirements to establish 
        transparency to combat the use of anonymous companies 
        for money laundering, terror finance, and other 
        financial crimes. A substantially similar amendment 
        passed the House as part of H.R. 6395, the National 
        Defense Authorization Act for Fiscal Year 2021, which 
        became Public Law 116-__.
           H.R. 2514, the ``Coordinating Oversight, 
        Upgrading and Innovating Technology, and Examiner 
        Reform (COUNTER) Act of 2019,'' introduced by 
        Representative Cleaver, which passed the House of 
        Representatives on October 28, 2019. This bill revises 
        requirements related to the Bank Secrecy Act's anti-
        money laundering and counter-terrorism financing 
        provisions. A substantially similar amendment passed 
        the House as part of H.R. 6395, the National Defense 
        Authorization Act for Fiscal Year 2021, which became 
        Public Law 116-__.
    Office of Foreign Assets Control (OFAC). The Committee 
continued to monitor the functions of the Office of Foreign 
Assets Control (OFAC) in its administration of sanctions 
programs, including its investigations work, enforcement 
actions, and its public outreach to illuminate evasion schemes 
and enlist the private sector in its sanctions efforts.
    On April 9, 2019, the Committee held a hearing entitled 
``The Annual Testimony of the Secretary of the Treasury on the 
State of the International Financial System.'' The Honorable 
Steven T. Mnuchin, Secretary, U.S. Department of the Treasury 
was the sole witness. On May 22, 2019, the Committee held Part 
II of the hearing entitled, ``The Annual Testimony of the 
Secretary of the Treasury on the State of the International 
Financial System. The Honorable Steven T. Mnuchin, Secretary, 
U.S. Department of the Treasury was the sole witness.
    The Committee considered legislation to increase oversight 
and transparency with respect to the issuance of certain 
individual licenses by OFAC under U.S. sanction programs:
           H.R. 1037, Banking Transparency for 
        Sanctioned Persons Act of 2019, introduced by 
        Representative Denver Riggleman, which passed the House 
        of Representatives on May 14, 2019. This bill requires 
        OFAC to submit to Congress a copy of any licenses 
        authorizing financial institutions to provide services 
        benefitting a state sponsor of terrorism, and a report 
        on foreign financial institutions conducting 
        significant transactions for persons sanctioned for 
        international terrorism and human rights violations.
    Sanctions. The Committee monitored executive branch efforts 
to implement major sanctions programs, particularly those 
targeting Russia, Iran, North Korea, and Venezuela. On April 9, 
2019 and May 22, 2019, the Full Committee held a hearing 
entitled ``The Annual Testimony of the Secretary of the 
Treasury on the State of the International Financial System'', 
which addressed these issues. On May 15, 2019, the Subcommittee 
on National Security, International Development and Monetary 
Policy held a hearing entitled ``Assessing the Use of Sanctions 
in Addressing National Security and Foreign Policy 
Challenges.'' This hearing examined the efficacy of major U.S. 
economic sanctions programs, with a particular focus on Russia 
and a draft legislative proposal aimed at responding to, and 
deterring any future, Russian attacks on the integrity of 
United States elections.
    Members of the Committee offered the following legislation 
related to this matter:
           On July 2019, an amendment similar to H.R. 
        4084, the Otto Warmbier North Korea Nuclear Sanctions 
        Act of 2019, introduced by Representative Andy Barr 
        passed the House of Representatives as part of H.R. 
        2500, the National Defense Authorization Act for Fiscal 
        year 2020, and became Public Law 116-92.
           On July 12, 2019, Representative Brad 
        Sherman and Chairwoman Maxine Waters offered an 
        amendment to the National Defense Authorization Act for 
        Fiscal Year 2020, which was adopted by voice vote, that 
        would prohibit U.S. persons from trading in new Russian 
        sovereign debt within 90 days of enactment, sending a 
        strong signal to President Putin, as well as to the 
        markets, that the U.S. resolve to punish Russia for 
        election interference remains strong and, if necessary, 
        would trigger a greater U.S. response.
    On December 5, 2019, Representative Brad Sherman and 
Chairwoman Waters wrote to the House and Senate leadership to 
express concern that a failure to pass the Russian sovereign 
debt sanction would undermine U.S. credibility, embolden Putin, 
and further encourage market actors, which already see no 
significant risk of sanctions escalation against Russia.
    Real Estate. The Committee considered two pieces of 
legislation that address vulnerabilities in the real estate 
market related to money laundering and terrorist financing 
including:
           H. Res. 206, ``Acknowledging that the lack 
        of sunlight and transparency in financial transactions 
        poses a threat to our national security and our 
        economy's security and supporting efforts to close 
        related loopholes,'' introduced by Chairwoman Maxine 
        Waters, which passed the House of Representatives on 
        March 13, 2019. This resolution highlights the need to 
        close loopholes related to money laundering.
           H.R. 2514, the ``Coordinating Oversight, 
        Upgrading and Innovating Technology, and Examiner 
        Reform (COUNTER) Act of 2019,'' introduced by 
        Representative Emanuel Cleaver, which passed the House 
        of Representatives on October 28, 2019. This bill 
        revises requirements related to the Bank Secrecy Act's 
        anti-money laundering and counter-terrorism financing 
        provisions. A substantially similar amendment passed 
        the House as part of H.R. 6395, the National Defense 
        Authorization Act for Fiscal Year 2021, which became 
        Public Law 116-__.
    Trafficking. The Committee, led by Chairwoman Maxine 
Waters, Ranking Member Patrick McHenry, Representative Emanuel 
Cleaver, and Representative French Hill, initiated a bipartisan 
HFSC Counter-Trafficking Initiative in March 2020. The effort 
is designed to explore and expose the breadth and reach of 
transnational trafficking networks and their illicit finances.
    The Subcommittee on National Security, International 
Development, and Monetary Policy held its first hearing of this 
Initiative on March 4, 2020, entitled ``The Traffickers' 
Roadmap: How Bad Actors Exploit Financial Systems to Facilitate 
the Illicit Trade in People, Animals, Drugs, and Weapons,'' 
which examined the typologies and common strategies of various 
types of traffickers in order to understand and dismantle the 
underlying enablers of trafficking.
    The Committee considered several measures related to 
trafficking:
           H.R. 502, the ``FIND Trafficking Act,'' 
        introduced by Representative Juan Vargas, which passed 
        the House of Representatives on January 28, 2019. This 
        bill directs the GAO to report on the use of virtual 
        currencies and online marketplaces in sex and drug 
        trafficking. An amended version of this bill became law 
        as part of H.R. 6395, the National Defense 
        Authorization Act for Fiscal Year 2021, which became 
        Public Law 116-__.
           H.R. 7592, the ``Stopping Trafficking, 
        Illicit Flows, Laundering, and Exploitation (STIFLE) 
        Act of 2020,'' introduced by Representative Ben 
        McAdams, which passed the House of Representatives on 
        September 21, 2020. This bill directs the GAO to study 
        illicit trafficking networks for areas of commonality 
        and how financial institutions identify and report such 
        activity. A substantially similar amendment passed the 
        House as part of H.R. 6395, the National Defense 
        Authorization Act for Fiscal Year 2021, which became 
        Public Law 116-__.
    De-Risking at Financial Institutions. The Committee 
continued to monitor developments on the regulatory actions to 
ensure that customers and countries are not inappropriately 
denied access to the banking system. On March 13, 2019, the 
Committee held a hearing entitled ``Promoting Corporate 
Transparency: Examining Legislative Proposals to Detect and 
Deter Financial Crime,'' which examined the implementation and 
effectiveness of AML/CFT laws and examined issues relating to 
de-risking.
    H.R. 2514, the ``Coordinating Oversight, Upgrading and 
Innovating Technology, and Examiner Reform (COUNTER) Act of 
2019,'' introduced by Representative Emanuel Cleaver, which 
passed the House of Representatives on October 28, 2019. This 
bill revises requirements related to the Bank Secrecy Act's 
anti-money laundering and counter-terrorism financing 
provisions. A substantially similar amendment passed the House 
as part of H.R. 6395, the National Defense Authorization Act 
for Fiscal Year 2021, which became Public Law 116-__.
    On November 19, 2019, Chairwoman Waters convened a 
roundtable with leaders from CARICOM nations, financial 
institutions, and Members of Congress to discuss opportunities 
to expand financial services in the Caribbean.
    Corruption. Since April 2019, the subcommittee on Oversight 
and Investigations has been leading an investigation into the 
variety of ways in which notorious individuals from former 
Soviet states, including oligarchs, kleptocrats and known 
criminals, have been exploiting the cultural and operational 
weaknesses in the international and U.S. banking system to hide 
illicit funds and engage in activities that pose a threat to 
the nation's economy and its political system.
    The Subcommittee on National Security, International 
Development, and Monetary Policy held a hearing on March 13, 
2019, entitled, ``Promoting Corporate Transparency: Examining 
Legislative Proposals to Detect and Deter Financial Crime,'' 
which included consideration of legislation to provide rewards 
for individuals that provide information which leads to 
repatriation of stolen assets linked to foreign government 
corruption.
    The Committee considered the following legislation that 
would improve efforts to detect and deter financial misconduct 
including:
           H.R. 389, the ``Kleptocracy Asset Recovery 
        Rewards Act,'' introduced by Representative Stephen 
        Lynch, which passed the House of Representatives on May 
        14, 2019. This bill directs the Treasury to establish a 
        program that may provide rewards to individuals 
        furnishing information leading to the restraining, 
        seizure, forfeiture, or repatriation of stolen assets 
        linked to foreign government corruption. A 
        substantially similar amendment passed the House as 
        part of H.R. 6395, the National Defense Authorization 
        Act for Fiscal Year 2021, which became Public Law 116-
        __.
           H.R. 2513, the ``Corporate Transparency Act 
        of 2019,'' introduced by Representative Carolyn 
        Maloney, which passed the House of Representatives on 
        October 22, 2019. This bill initiates a federal 
        database and related reporting requirements to 
        establish transparency to combat the use of anonymous 
        companies for money laundering, terror finance, and 
        other financial crimes. A substantially similar 
        amendment passed the House as part of H.R. 6395, the 
        National Defense Authorization Act for Fiscal Year 
        2021, which became Public Law 116-__.
           H.R. 2514, the ``Coordinating Oversight, 
        Upgrading and Innovating Technology, and Examiner 
        Reform (COUNTER) Act of 2019,'' introduced by 
        Representative Emanuel Cleaver, which passed the House 
        of Representatives on October 28, 2019. This bill 
        revises requirements related to the Bank Secrecy Act's 
        anti-money laundering and counter-terrorism financing 
        provisions. A substantially similar amendment passed 
        the House as part of H.R. 6395, the National Defense 
        Authorization Act for Fiscal Year 2021, which became 
        Public Law 116-__.
    Fraud and Cyber Intrusion. The Subcommittee on National 
Security, International Development, and Monetary Policy held a 
virtual hearing on June 16, 2020, entitled ``Cybercriminals and 
Fraudsters: How Bad Actors Are Exploiting the Financial System 
During the COVID-19 Pandemic,'' which addressed prevention of 
fraudulent activities and efforts to counter cyber intrusions 
that target the financial sector and system.
    The Subcommittee on National Security, International 
Development and Monetary Policy held a virtual bipartisan 
roundtable for Members on May 28, 2020, entitled 
``Understanding the Cyber Threats and Actors Exploiting the 
COVID-19 Crisis.
    The Subcommittee on National Security, International 
Development, and Monetary Policy held three bipartisan staff-
level briefings on fraud and cyber intrusion issues:
           February 19, 2020, with representatives of 
        the United States Secret Service on the investigative 
        portion of the agency's mission, including efforts to 
        counter financial fraud and stolen credit-card data.
           May 21, 2020, with FinCEN, SEC, and the U.S. 
        Secret Service on COVID-19 and emerging fraud issues.
    The Artificial Intelligence Task Force held two hearings on 
fraud and cyber intrusion issues:
           On October 18, 2019, ``AI and the Evolution 
        of Cloud Computing: Evaluating How Financial Data is 
        Stored, Protected, and Maintained by Cloud Providers: 
        The Use of Cloud Computing and Third-Party Service 
        Providers.''
           On September 12, 2019, ``The Future of 
        Identity in Financial Services: Threats, Challenges, 
        and Opportunities Digital Identity and 
        Authentication.''
    The Subcommittee on Oversight & Investigations held a 
hearing on fraud and cyber intrusion issues on February 6, 
2020, entitled, ``Fake It Till They Make It: How Bad Actors Use 
Astroturfing to Manipulate Regulators, Disenfranchise Consumers 
and Subvert the Rulemaking Process.'' The hearing examined ways 
in which pro-industry groups pose as regular consumers during 
the administrative rulemaking process in order to sway 
regulators.
    Information Sharing. The Subcommittee on National Security, 
International Development, and Monetary Policy held the 
following hearings on information sharing among financial 
institutions, federal agencies, and other entities, including:
           A hearing on March 13, 2019, entitled 
        ``Promoting Corporate Transparency: Examining 
        Legislative Proposals to Detect and Deter Financial 
        Crime'' which examined the implementation and 
        effectiveness of AML/CFT laws and regulations for 
        opportunities to enhance compliance and cooperation 
        between financial institutions and financial regulatory 
        bodies.
           A hearing on January 15, 2020. entitled ``A 
        Persistent and Evolving Threat: An Examination of the 
        Financing of Domestic Terrorism and Extremism'' which 
        examined the challenges and trade-offs between privacy 
        and civil liberties and the sharing of sensitive 
        financial information between law enforcement and 
        financial institutions as it relates to suspicious 
        activity and domestic terrorism finance.
           A hearing on June 16, 2020, entitled 
        ``Cybercriminals and Fraudsters: How Bad Actors Are 
        Exploiting the Financial System During the COVID-19 
        Pandemic'' which addressed prevention of fraudulent 
        activities and efforts to counter cyber intrusions that 
        target the financial sector and system.
    The Committee considered the following pieces of 
legislation to enhance cooperation between and amongst 
financial institutions, financial regulatory bodies, and 
relevant law enforcement agencies including:
           H.R. 56, the ``Financial Technology 
        Protection Act,'' introduced by Representative Ted 
        Budd, which passed the House of Representatives on 
        January 28, 2019. This bill establishes a Task Force 
        for the investigation of new financial technologies 
        (e.g., digital currencies) and their use in terrorism 
        and other illicit activities.
           H.R. 1414, the ``FinCEN Improvement Act of 
        2019'', introduced by Representative Jennifer Wexton, 
        which passed the House of Representatives on March 11, 
        2019. This bill amends the duties of the Financial 
        Crimes Enforcement Network (FinCEN) to require 
        coordination with Tribal law enforcement authorities 
        and international coordination on matters involving 
        emerging technology and virtual currency.
           H.R. 2513, the ``Corporate Transparency Act 
        of 2019,'' introduced by Representative Carolyn 
        Maloney, which passed the House of Representatives on 
        October 22, 2019. This bill initiates a federal 
        database and related reporting requirements to 
        establish transparency to combat the use of anonymous 
        companies for money laundering, terror finance, and 
        other financial crimes. A substantially similar 
        amendment passed the House as part of H.R. 6395, the 
        National Defense Authorization Act for Fiscal Year 
        2021, which became Public Law 116-__.
           H.R. 2514, the ``Coordinating Oversight, 
        Upgrading and Innovating Technology, and Examiner 
        Reform (COUNTER) Act of 2019,'' introduced by 
        Representative Emanuel Cleaver, which passed the House 
        of Representatives on October 28, 2019. This bill 
        revises requirements related to the Bank Secrecy Act's 
        anti-money laundering and counter-terrorism financing 
        provisions. A substantially similar amendment passed 
        the House as part of H.R. 6395, the National Defense 
        Authorization Act for Fiscal Year 2021, which became 
        Public Law 116-__.
    Emerging Technologies. The Full Committee held the 
following hearings related to this matter:
           On July 17, 2019, the Full Committee held a 
        hearing entitled ``Examining Facebook's Proposed 
        Cryptocurrency and Its Impact on Consumers, Investors, 
        and the American Financial System,'' which examined how 
        Facebook's proposed cryptocurrency, Libra, could be 
        used in the pursuit of illicit purposes.
           On October 23, 2019, the Full Committee held 
        a hearing entitled ``An Examination of Facebook and Its 
        Impact on the Financial Services and Housing Sectors,'' 
        with Mark Zuckerberg as the only witness.
    The Task Force on Financial Technology (Fintech) held a 
hearing on June 25, 2019 entitled ``Overseeing the Fintech 
Revolution: Domestic and International Perspectives on Fintech 
Regulation,'' which examined how emerging technologies affect 
and interact with the U.S. financial system and considered how 
the technologies could be used to in pursuit of illicit 
purposes.
    The Task Force on Artificial Intelligence (AI) held the 
following hearings examining how artificial intelligence and 
cloud computing affect and interact with the U.S. financial 
system and could be used in pursuit of illicit purposes:
           A hearing on September 12, 2019, entitled 
        ``The Future of Identity in Financial Services: 
        Threats, Challenges, and Opportunities Digital Identity 
        and Authentication.''
           A hearing on October 18, 2019 entitled ``AI 
        and the Evolution of Cloud Computing: Evaluating How 
        Financial Data is Stored, Protected, and Maintained by 
        Cloud Providers The Use of Cloud Computing and Third-
        Party Service Providers.''
    The Committee considered following pieces of legislation 
that address how emerging technologies affect and interact with 
the U.S. financial system, and how the technologies could be 
used to combat or be used in the pursuit of illicit purposes.
           H.R. 502, the ``FIND Trafficking Act,'' 
        introduced by Representative Juan Vargas, which passed 
        the House on January 28, 2019. This bill directs the 
        GAO to report on the use of virtual currencies and 
        online marketplaces in sex and drug trafficking. This 
        bill as amended became law as part of H.R. 6395, the 
        National Defense Authorization Act for Fiscal Year 
        2021, which became Public Law 116-__.
           H.R. 56, the ``Financial Technology 
        Protection Act,'' introduced by Representative Ted 
        Budd, which passed the House of Representatives on 
        January 28, 2019. This bill establishes a Task Force 
        for the investigation of new financial technologies 
        (e.g., digital currencies) and their use in terrorism 
        and other illicit activities.
           H.R. 1414, the ``FinCEN Improvement Act of 
        2019,'' introduced by Representative Jennifer Wexton, 
        which passed the House of Representatives on March 11, 
        2019. This bill amends the duties of the Financial 
        Crimes Enforcement Network (FinCEN) to require 
        coordination with Tribal law enforcement authorities 
        and international coordination on matters involving 
        emerging technology and virtual currency. This bill as 
        amended became law as part of H.R. 6395, the National 
        Defense Authorization Act for Fiscal Year 2021, which 
        became Public Law 116-__.
           H.R. 2513, the ``Corporate Transparency Act 
        of 2019,'' introduced by Representative Carolyn 
        Maloney, which passed the House of Representatives on 
        October 22, 2019. This bill initiates a federal 
        database and related reporting requirements to 
        establish transparency to combat the use of anonymous 
        companies for money laundering, terror finance, and 
        other financial crimes. A substantially similar 
        amendment passed the House as part of H.R. 6395, the 
        National Defense Authorization Act for Fiscal Year 
        2021, which became Public Law 116-__.
           H.R. 2514, the ``Coordinating Oversight, 
        Upgrading and Innovating Technology, and Examiner 
        Reform (COUNTER) Act of 2019,'' introduced by 
        Representative Emmanuel Cleaver, which passed the House 
        of Representatives on October 28, 2019. This bill 
        revises requirements related to the Bank Secrecy Act's 
        anti-money laundering and counter-terrorism financing 
        provisions. A substantially similar amendment passed 
        the House as part of H.R. 6395, the National Defense 
        Authorization Act for Fiscal Year 2021, which became 
        Public Law 116-__.
    The Subcommittee on National Security, International 
Development, and Monetary Policy held a bipartisan staff-level 
briefing on February 19, 2020, with representatives of the 
United States Secret Service on the investigative portion of 
the agency's mission, including efforts to counter financial 
fraud and secure digital currencies.
    Committee on Foreign Investment in the United States. In 
the 116th Congress, the Committee continued to monitor matters 
relating to the Committee on Foreign Investment in the United 
States (CFIUS), particularly through ``The Annual Testimony of 
the Secretary of the Treasury on the State of the International 
Financial System'' on April 9, 2019 and May 22, 2019. Assistant 
Secretary of the Treasury for Investment Security Thomas Feddo 
provided a bipartisan staff briefing for the Committee on 
October 30, 2020 in which he discussed the Administration's 
ongoing implementation of the Foreign Investment Risk Review 
Modernization Act of 2018 (FIRRMA), which modernized the CFIUS 
review process with the aim of enhancing its ability to analyze 
transactions for national security risks, while preserving the 
U.S. commitment to an open investment environment.
    The House of Representatives passed H.R. 7603, introduced 
by Representative Van Taylor, as part of H.R. 6395, the 
National Defense Authorization Act for Fiscal Year 2021. This 
measure ensured congressional notification for certain matters 
related to CFIUS reviews.
    Defense Production Act. Prior to the onset of the COVID-19 
pandemic, the Committee considered flexibility requested by the 
Department of Defense to address the needs of the defense 
industrial base under the Defense Production Act of 1950 (DPA). 
In the National Defense Authorization Act, 2020 (Pub. Law 116-
92), Congress increased the authorization of appropriations for 
activities under the DPA by $117,000,000 for each of the fiscal 
years 2020 through 2024 for that purpose.
    In 2020, the Committee the use of the DPA to respond to the 
pandemic and the $1 billion appropriated by Congress for that 
purpose. On April 9, 2020, Chairwoman Maxine Waters sent a 
letter to Secretary of Defense Esper and Secretary of Health 
and Human Services Azar reiterating her view that these funds 
should be spent solely om medical equipment and supplies 
necessary to combat the pandemic. On July 14, 2020, Chairwoman 
Maxine Waters along with four other Committee chairs wrote 
Secretary Esper and Secretary Azar requesting information on 
Administration plans to address U.S. needs for medical supplies 
and equipment and other matters.
    The following legislation addressed these matters:
           H.R. 6808, To increase the amount available 
        under the Defense Production Act of 1950 to respond to 
        the coronavirus epidemic, and for other purposes, 
        introduced by Representative Juan Vargas, which 
        authorized additional funds for the DPA to address 
        health needs during the Pandemic.
           H.R. 6858, introduced by Representative Juan 
        Vargas, the COVID-19 Emergency Medical Supplies 
        Enhancement Act of 2020 on May 13, 2020, which passed 
        as part of H.R. 6800, the Heroes Act and H.R. 6395, the 
        National Defense Authorization Act, 2021. This bill 
        would provide for the use of DPA for certain key 
        medical supplies and equipment, create greater 
        transparency and stakeholder consultation on the use of 
        the DPA and procurement of medical supplies, equipment 
        and services, and make certain amendments to the DPA on 
        related issues.

                  International Development and Trade

    Global Economic Cooperation. As the global health and 
economic impact of the COVID-19 pandemic became apparent, the 
Committee took concrete steps to demonstrate support for global 
economic cooperation by providing early and expedited 
authorizations for substantial new contributions to the 
international financial institutions. H.R. 748, the Coronavirus 
Aid, Relief and Economic Security Act (CARES Act), which became 
Public Law 116-136, included authorizations for the following 
multilateral institutions:
           Authorization for the U.S. to participate 
        in, and contribute to, the replenishments of two 
        concessional windows at the multilateral development 
        banks--the 19th replenishment of the World Bank's 
        International Development Association (IDA-19), to 
        which the U.S. pledged $3 billion; and the fifteenth 
        replenishment of the African Development Fund (AfDF-
        15), to which the U.S. pledged $514 million.
           Authorization for the U.S. to participate 
        in, and contribute to, the 7th general capital increase 
        for the African Development Bank to which the U.S. 
        pledged $437 million of paid-in capital; Authorization 
        to double the U.S. commitment to IMF's emergency 
        backstop facility, known as the New Arrangements to 
        Borrow, or NAB, from $39 billion to approximately $78 
        billion.
           Authorization for the U.S. to vote for a 
        capital increase for the International Finance 
        Corporation (IFC), the private sector arm of the World 
        Bank. This authorization was linked to an agreement 
        with the World Bank to implement a critical package of 
        reforms in the areas of human rights, transparency, 
        public subsidies, and for-profit K 12 education.
    Oversight over the International Financial Institutions. 
The Committee continued to monitor U.S. participation in the 
International Monetary Fund and its surveillance and lending 
activities and the effectiveness of the multilateral 
development banks in alleviating poverty and promoting 
sustained economic growth, particularly through a hearing by 
the Full Committee entitled ``The Annual Testimony of the 
Secretary of the Treasury on the State of the International 
Financial System'' on April 9, 2019 and May 22, 2019, with 
particular focus on the need for good governance, transparency, 
and accountability at these institutions in order to ensure 
that broad, international interests are being promoted.
    Throughout the 116th Congress, Committee staff met on a 
regular basis with Treasury officials and representatives from 
the World Bank and regional multilateral development banks to 
discuss the Treasury Department's requests for congressional 
authorization for the U.S. to participate in several general 
capital increases and replenishments for the multilateral 
development banks, as well as additional contributions to the 
IMF. At these meetings, staff discussed the Chairwoman's reform 
priorities with respect to the World Bank and the International 
Finance Corporation.
    On March 19, 2020, Chairwoman Maxine Waters organized a 
bipartisan Members' briefing, by teleconference, with Dr. 
Kristalina Georgieva, Managing Director of the International 
Monetary Fund (IMF), who gave Members on update on the impacts 
of COVID-19 on the global economy and the steps the IMF was 
taking in response.
    On November 10, 2020, the Committee hosted a bipartisan 
staff briefing with members of the International Financial 
Institutions Working Group to discuss the role, and the efforts 
to date, of the World Bank and the International Monetary Fund 
in the international response to COVID-19, including an 
effective and sustainable recovery.
    Members of the Committee offered the following legislation 
with respect to oversight over U.S. participation in the 
international financial institutions:
           An amendment similar to H.R. 5051, the 
        Accountability for World Bank Loans to China Act of 
        2019, introduced by Representative Anthony Gonzalez, 
        passed the House as part of H.R. 6395, the National 
        Defense Authorization Act for Fiscal Year 2021, which 
        became Public Law 116-__.
           An amendment similar to H.R. 6014, the 
        Employment Fairness for Taiwan Act of 2020, introduced 
        by Representative Scott Tipton, passed the House as 
        part of H.R. 6395, the National Defense Authorization 
        Act for Fiscal Year 2021, which became Public Law 116-
        __.
           H.R. 6581, the Robust International Response 
        to Pandemic Act, introduced by Representative Chuy 
        Garcia, which directed the Secretary of Treasury to 
        support a $3 trillion allocation of Special Drawing 
        Rights (SDRs) by the International Monetary Fund to 
        help developing countries respond to the health and 
        economic impacts of the COVID-19 pandemic; and to 
        advocate for a suspension of debt service payments by 
        IDA countries to the international financial 
        institutions. An amendment that is substantially 
        similar to H.R. 6581, with a $2 trillion SDR allocation 
        and an additional provision directing the Treasury 
        Secretary to work to extend the current moratorium on 
        debt service payments by IDA countries to the G20 group 
        of nations until the end of 2021, passed the House of 
        Representatives as part of H.R. 7617, the FY2021 
        Consolidated Appropriations Act,
           H.R. 5698, the Promoting Secure 5G Act of 
        2020, introduced by Representative William Timmons, 
        which passed the House of Representatives on September 
        21, 2019. This bill requires the Executive Director of 
        each international financial institution to support 
        institutional assistance with advanced wireless 
        technologies only if they provide appropriate security 
        for users, among other things. This measure was 
        included as part of H.R. 6395, the National Defense 
        Authorization Act for Fiscal Year 2021, which became 
        Public Law 116-__.
    Global Poverty and Economic Inequality. On March 5, 2019, 
Chairwoman Maxine Waters led a delegation of Committee 
Democrats to the International Monetary Fund (IMF) where then-
IMF Managing Director Christine Lagarde hosted a luncheon 
discussion about the IMF's central role in promoting global 
financial stability and its role in developing countries in 
particular, followed by three briefings that discussed recent 
research at the IMF that showed, respectively, how income 
inequality can have a negative impact on growth; the importance 
of gender inclusion in sustainable growth; and lessons learned 
on crisis prevention and management from the great recession.
    On September 25, 2019, at an event in the U.S. Capitol 
celebrating 75 years of U.S. leadership at the World Bank, 
Chairwoman Maxine Waters praised the Bank as the world's 
premier global development institution, while outlining 
specific reforms she viewed as critical to the Bank's 
legitimacy and relevance.
    International Financial Architecture. On April 9, 2019, the 
Committee held a hearing entitled ``The Annual Testimony of the 
Secretary of the Treasury on the State of the International 
Financial System.'' The Honorable Steven T. Mnuchin, Secretary, 
U.S. Department of the Treasury was the sole witness. On May 
22, 2019, the Committee held Part II of the hearing entitled, 
``The Annual Testimony of the Secretary of the Treasury on the 
State of the International Financial System. The Honorable 
Steven T. Mnuchin, Secretary, U.S. Department of the Treasury 
was the sole witness.
    IMF's 15th General Review of Quotas. During the IMF's 15th 
General Review of Quotas, the Treasury Department supported an 
agreement to maintain the IMF's overall lending resources by 
doubling the size of the IMF's emergency backstop fund, called 
the New Arrangements to Borrow (NAB), while reducing by a 
similar amount the IMF's bilateral borrowing arrangements, 
which were due to expire at the end of the year. To implement 
the terms of the agreement, the Committee authorized to extend 
U.S. participation in the NAB through December 2025, with a 
doubling of the U.S. contribution from $39 billion to $78 
billion, which was initially included as part of H.R. 6321, the 
``Financial Protections and Assistance for America's Consumers, 
States, Businesses, and Vulnerable Populations Act,'' 
introduced by Chairwoman Maxine Waters on March 23, 2020, and 
was subsequently adopted as part of H.R. 748, the Coronavirus 
Aid, Relief and Economic Security Act (CARES Act), which passed 
the House on March 27, 2020, which was enacted into law as P.L. 
116-136.
    World Bank Group Capital Increase. On November 13, 2019, 
the Subcommittee on National Security, International 
Development, and Monetary Policy held a hearing entitled, ``How 
America Leads Abroad: An Examination of Multilateral 
Development Institutions,'' which examined the Department of 
Treasury's request for Congressional authorization for a 
general capital increase for the International Bank for 
Reconstruction and Development (IBRD), the World Bank's middle-
income lending window; and a general capital increase for the 
International Finance Corporation (IFC), the World Bank's 
private sector window. The hearing addressed the role of U.S. 
leadership in preserving the legitimacy of, and shaping 
policies at, the multilateral developments banks; areas of 
development successes and shortcomings within these 
institutions; and opportunities for American-led reform.
    International Bank for Reconstruction and Development. In 
December 2019, talks between the Committee and the World Bank 
regarding congressional authorization for the International 
Bank for Reconstruction and Development's (IBRD) capital 
increase stalled over the Bank's plans for a controversial 
anti-labor indicator called the Employing Workers Indicator 
(EWI) in the Bank's annual country-ranking exercise called the 
Doing Business report. The EWI had been used to advance a one-
sided deregulatory view of labor market policy and encourage 
governments to weaken worker protections with the purported aim 
of attracting foreign investment. Although the EWI was 
suspended in 2010, the Doing Business team continued to collect 
and publish the labor market regulation data for each country 
in its annual reports, and over the past decade, an anti-labor 
bias to re-emerge in the report's narratives. More recently, 
Doing Business appeared to be taking steps towards 
reincorporating the EWI, and in its recent Doing Business 2020 
report, the authors moved the labor regulation discussion from 
an annex back into the heart of the report, with its own 
chapter that overwhelmingly argued against labor regulations, 
especially in developing countries, using the same debunked 
argument that led to the indicator's suspension a decade ago--
namely, that countries that deregulate their labor markets will 
achieve higher levels of job creation. The Bank's own 
independent evaluation unit found no evidence to support such a 
claim and concluded that ``no significant association emerged'' 
between the ``Employing Workers'' indicator and employment.
    The impasse was resolved at the Committee's request through 
a letter from World Bank President David Malpass in which he 
committed not only to not reinstate the indicator but also to 
remove all country labor market regulation data from the annual 
report, which would effectively make the ten-year suspension of 
the EWI permanent, With this commitment for a major policy 
reform, Chairwoman Waters moved the authorization for IBRD's 
capital increase as part of H.R 1865, the ``Further 
Consolidated Appropriations Act, 2020,'' which became Public 
Law 116-94.
    International Finance Corporation. On January 25, 2020, 
Chairwoman Maxine Waters met with IFC CEO Philippe L'Houerou to 
discuss the IFC's capital increase request and a package of 
reforms that the Chairwoman said would be an integral part of 
the capital increase request process.
    Authorization for the U.S. to support a capital increase 
for the International Finance Corporation (IFC) was originally 
included as part of H.R. 6321, the ``Financial Protections and 
Assistance for America's Consumers, States, Businesses, and 
Vulnerable Populations Act,'' introduced by Chairwoman Maxine 
Waters on March 23, 2020, and the authorization passed the 
House as part of H.R. 748, the Coronavirus Aid, Relief and 
Economic Security Act (CARES Act), which became Public Law 116-
136. The authorization was linked to an agreement with the 
World Bank Group to implement a package of reforms advanced by 
the Chairwoman, including enhanced human rights assessments for 
IFC's investments in Burma; greater transparency and a move to 
increase the use of competitive bidding for public subsidies; a 
freeze on IFC's investment in commercial for-profit K-12 
schools; concrete commitments with respect to transparency and 
public participation in the IFC's review of its accountability 
mechanism; and public disclosure of basic project information 
for all IFC's high-risk projects and many of its substantial-
risk projects that are channeled through commercial banks and 
other financial intermediary clients, which have long been some 
of the most opaque forms of IFC lending.
    Replenishments of the International Development Association 
(IDA) and the African Development Fund (AfDF). On November 13, 
2019, the Subcommittee on National Security, International 
Development, and Monetary Policy held a hearing entitled, ``How 
America Leads Abroad: An Examination of Multilateral 
Development Institutions,'' which addressed issues relating to 
the IDA and the AfDF. The following authorizations were 
initially introduced in H.R. 6327, by Representative Cleaver on 
March 23, 2020 and were also included in H.R. 6321, the 
``Financial Protections and Assistance for America's Consumers, 
States, Businesses, and Vulnerable Populations Act,'' 
introduced by Chairwoman Maxine Waters on March 23, 2020: 
authorizations for the United States to participate in the 19th 
replenishment of the International Development Association 
(IDA-15)19); the fifteenth replenishment of the African 
Development Fund (AfDF-15); and the 7th general capital 
increase for the African Development Bank. These authorizations 
were included in H.R. 748, the Coronavirus Aid, Relief and 
Economic Security Act (CARES Act, which became Public Law 116-
136).
    The International Development Association (IDA) and the 
International Finance Corporation (IFC). On July 25, 2019, 
Chairwoman Maxine Waters met with then-World Bank Group CEO 
Kristalina Georgieva and International Finance Corporation 
(IFC) Chief Operating Officer Stephanie von Friedeburg to 
discuss her concerns about the lack of transparency and 
competitive bids with respect to subsidies the IFC was giving 
to its private-sector clients with resources from the 
International Development Association (IDA), the arm of the 
World Bank that provides assistance to the world's poorest 
countries. In response, the IFC announced that as of October 1, 
2019, the IFC would publicly disclose the estimated subsidy for 
each proposed Private Sector Window project along with a 
justification for why the subsidy is necessary, though the IFC 
did not move towards a competitive approach with respect to 
subsidized financing to private firms. On November 13, 2019, 
the Subcommittee on National Security, International 
Development, and Monetary Policy held a hearing entitled, ``How 
America Leads Abroad: An Examination of Multilateral 
Development Institutions,'' which addressed issues relating to 
the flow of resources from IDA to the IFC.
    On September 19, 2019, Chairwoman Maxine Waters met with 
the three executive directors representing Sub-Saharan Africa 
on the World Bank's Board to hear the perspective of borrowing 
countries with respect to the use of public IDA resources to 
subsidize the private sector.
    On September 24, 2020, Chairwoman Maxine Waters and Senator 
Patrick Leahy wrote to the Government Accountability Office 
(GAO) requesting the GAO to analyze and review the long-term 
sustainability of the financing model of the International 
Development Association (IDA), which recently adopted a new 
financing framework that marked a fundamental shift in IDA's 
approach to mobilizing resources by introducing market debt 
into its funding mix.
    North American Development Bank. On September 20, 2019, the 
Committee favorably reported an Amendment in the Nature of a 
Substitute to H.R. 132, the ``North American Development Bank 
Improvement Act of 2019,'' introduced by Representative Henry 
Cuellar, which authorized U.S. participation in the first 
general capital increase for the North American Development 
Bank since its creation in 1994. H.R. 132 was enacted into law 
as part of the United States-Mexico-Canada Agreement 
Implementation Act, which became Public Law 116-113.
    Food Security and Climate Finance. On September 11, 2019, 
the Subcommittee on National Security, International 
Development, and Monetary Policy held a hearing entitled, 
``Examining the Macroeconomic Impacts of a Changing Climate,'' 
which examined, among other issues, how the poorest countries 
globally will be more heavily impacted by climate change, and 
the importance of U.S. engagement in multilateral fora, 
especially at the World Bank, where U.S. leadership could move 
the Bank towards more clean energy projects.
    Developing Countries at Risk of Debt Distress. Members of 
the Committee offered the following legislation related to 
developing countries at risk of debt distress:
           Representative Jesus ``Chuy'' Garcia and 
        Chairwoman Maxine Waters offered an amendment based on 
        H.R. 6581, the ``Robust International Response to 
        Pandemic Act,'' introduced by Representative Jesus 
        ``Chuy'' Garcia, directing the Secretary of Treasury to 
        support a $2 trillion allocation of Special Drawing 
        Rights at the International Monetary Fund to help 
        developing countries respond to the health and economic 
        impacts of the COVID-19 pandemic; to advocate for a 
        suspension of debt service payments by IDA countries to 
        the international financial institutions; and to work 
        to extend the current moratorium on debt service 
        payments by IDA countries to the G20 group of nations 
        until the end of 2021. The amendment passed the House 
        as part of H.R. 7617, the second FY2021 Consolidated 
        Appropriations Act, on July 31, 2020, and again on 
        October 1, 2020, as part of H.R. 925.
           H.R. 5932, the ``Ensuring Chinese Debt 
        Transparency Act of 2020,'' introduced by 
        Representative French Hill, which passed the House of 
        Representatives on March 2, 2020. A substantially 
        similar amendment passed the House as part of H.R. 
        6395, the National Defense Authorization Act for Fiscal 
        Year 2021, which became Public Law 116-__.
    On April 24, 2019, Chairwoman Maxine Waters traveled to 
Haiti to review issues related to debt distress and forgiveness 
in developing countries and its impact on international 
financial stability.
    Global capital flows. The Committee continued to monitor 
the flow of capital globally, the distortions in capital flows 
associated with global imbalances, and U.S. and multilateral 
polices on the regulation of capital flows.
    Trade in Financial Services. The Committee monitored the 
Administration's international economic policies, including its 
efforts to rebalance the U.S. economic relationship with China; 
the impact of U.S. tariffs on China on the U.S. economy; 
implementation of the U.S.-Mexico-Canada Trade Agreement; and 
the ongoing trade talks between the U.S. and the UK, especially 
in the area of financial services, particularly through a 
hearing by the Full Committee entitled ``The Annual Testimony 
of the Secretary of the Treasury on the State of the 
International Financial System'' on April 9, 2019 and May 22, 
2019.
    Brexit. The Committee monitored the United Kingdom's 
withdrawal from the European Union, including its potential 
impact on the U.S. and global economy, transatlantic 
cooperation on economic and security issues including 
sanctions, counterterrorism efforts, and regulatory convergence 
between U.S. and foreign jurisdictions, particularly through a 
hearing by the Full Committee entitled ``The Annual Testimony 
of the Secretary of the Treasury on the State of the 
International Financial System'' on April 9, 2019 and May 22, 
2019.
    Exchange Rates. The Committee monitored international 
exchange rate developments, including the Administration's 
designation of China as a currency manipulator in 2019 and its 
justification for such a designation, particularly through its 
oversight of U.S. participation in the International Monetary 
Fund and the Treasury Department's analysis of exchange rate 
policies of major U.S. trading partners.
    Export-Import Bank of the United States. On June 4, 2019, 
the Committee held a hearing entitled ``Promoting American 
Jobs: Reauthorization of the U.S. Export-Import Bank'' to 
solicit views from a range of stakeholders on legislation to 
renew the operating charter of the Export-Import Bank of the 
United States.
    On November 8, 2019, the Committee reported, as amended, 
H.R. 4863, the United States Export Finance Agency Act of 2019, 
introduced by Chairwoman Maxine Waters, which subsequently 
passed the House of Representatives on November 15, 2019. H.R. 
4863 renewed the operating charter of the Export-Import Bank 
for 10 years, increased the Bank's statutory lending authority 
from $135 billion to $175 billion over a ten-year period, re-
designated the Bank as the United States Export Finance Agency, 
and made several reforms to modernize its practices. Provisions 
of that legislation were incorporated into H.R. 1865, the 
``Further Consolidated Appropriations Act, 2020,'' which became 
Public Law 116-94.
    Extractive Industries. On March 12, 2020, Chairwoman Maxine 
Waters led a letter, also signed by two other committee chairs 
and several subcommittee chairs, urging the SEC to strike a 
better balance between meeting the requirements of the CRA 
while also meaningfully fulfilling the Congressional intent of 
section 1504.
    Supply Chain Due Diligence. The Committee continued to 
monitor implementation of Section 1502 of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act (Dodd-Frank Act), 
which requires companies listed on U.S. exchanges that use 
``conflict minerals''' from the Democratic Republic of Congo 
and the surrounding region to carry out due diligence checks on 
their supply chains to determine if their purchases are fueling 
conflict in Congo, and to publicly report their findings.
    The Committee held the following hearings on this matter:
           On June 25, 2020, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a hearing entitled, ``Capital Markets and 
        Emergency Lending in the COVID-19 Era.''
    The Committee held the following roundtables on this 
matter:
           On May 26, 2020, the Subcommittee on 
        Investor Protection, Entrepreneurship, and Capital 
        Markets held a virtual roundtable entitled, ``Examining 
        the Impacts of the COVID-19 Pandemic on U.S. Capital 
        Markets.'' This bipartisan roundtable examined the 
        impacts of COVID-19 on U.S. capital markets.

                        Diversity and Inclusion

    Diversity Data. The Committee held the following hearings 
related to diversity data:
           The Subcommittee on Diversity and Inclusion 
        held a hearing entitled, ``An Overview of Diversity 
        Trends in the Financial Services Industry'' on February 
        27, 2019, which examined trends in diversity in the 
        financial services industry, including gender and 
        racial diversity at management levels and among 
        potential talent pools. The hearing also explored 
        challenges identified by financial services firms to 
        increase workforce diversity and practices that firms 
        have used to address such challenges.
           The Subcommittee on Diversity and Inclusion 
        held a hearing entitled,``A Review of Diversity and 
        Inclusion at America's Large Banks'' on February 12, 
        2020, which reviewed the findings and recommendations 
        of a report prepared by the Majority staff of the 
        Committee on Financial Services entitled, ``Diversity 
        and Inclusion: Holding America's Large Banks 
        Accountable,'' examining the diversity and inclusion 
        practices of the largest financial institutions in the 
        U.S.
           The Subcommittee on Diversity and Inclusion 
        held a hearing entitled,``Holding Financial Regulators 
        Accountable for Diversity and Inclusion: Perspectives 
        from the Offices of Minority and Women Inclusion'' on 
        September 8, 2020 which examined the role of the OMWIs 
        in tracking diversity and inclusion performance inside 
        their respective agencies and among their regulated 
        entities.
    The Committee considered the following legislation related 
to diverse data:
           H.R. 281, the Ensuring Diverse Leadership 
        Act, introduced by Representative Joyce Beatty, which 
        passed the House of Representatives on September 10, 
        2019. This bill would require federal reserve banks to 
        interview at least one individual reflective of gender 
        diversity and at least one reflective of racial or 
        ethnic diversity when appointing federal reserve bank 
        presidents.
           H.R. 1018, Improving Corporate Governance 
        Through Diversity Act, introduced by Representative 
        Gregory Meeks, which would require public companies to 
        annually disclose the voluntarily, self-identified 
        gender, race, ethnicity and veteran status of their 
        board directors, nominees, and senior executive 
        officers. Among other requirements, the SEC Office of 
        Minority and Women Inclusion would publish best 
        practices for compliance with diversity disclosures.
           H.R. 3279, Diversity in Corporate Leadership 
        Act, introduced by Representative Carolyn Maloney, 
        which would affirmatively require issuers to 
        specifically disclose to shareholders with respect to 
        the gender, racial, and ethnic diversity of their board 
        of directors, among other things.
           H.R. 5084, Improving Corporate Governance 
        Through Diversity Act of 2019, introduced by 
        Representative Gregory Meeks, which passed the House of 
        Representatives on November 11, 2019. This bill would 
        require public companies to annually disclose the 
        voluntarily, self-identified gender, race, ethnicity 
        and veteran status of their board directors, nominees, 
        and senior executive officers. Among other 
        requirements, the SEC OMWI would publish best practices 
        for compliance with diversity disclosures.
    The Committee sent the following letters related to this 
matter:
           On January 14, 2020, Chairwoman Maxine 
        Waters and Representative Joyce Beatty sent a letter to 
        the Securities and Exchange Commission expressing 
        concerns about the continued lack of ethnic and racial 
        diversity on its advisory committees and requested 
        information about the agency's advisory member 
        selection process, including verification of the 
        demographic information for its advisory committee 
        members.
           On May 3, 2019 and June 5, 2019, Chairwoman 
        Maxine Waters and Representative Joyce Beatty requested 
        44 bank holding companies to respond to questions about 
        their diversity and inclusion data and policies.
    On February 12, 2020, the Committee released its report 
``Diversity and Inclusion: Holding America's Large Banks 
Accountable,'' based on data provided from financial 
institutions on their diversity demographics, policies, and 
behavior with regard to diversity and inclusion. The Committee 
found that overall banks were not diverse and remain mostly 
white and male, particularly among their senior employee ranks 
and board members.
    Offices of Minority and Women Inclusion (OMWIs). The 
Subcommittee on Diversity and Inclusion held a hearing 
entitled, ``Holding Financial Regulators Accountable for 
Diversity and Inclusion: Perspectives from the Offices of 
Minority and Women Inclusion'' on September 8, 2020, which 
examined the role of the OMWIs in tracking diversity and 
inclusion performance inside their respective agencies and 
among their regulated entities.
    Workforce, Supplier, and Business Diversity Efforts Within 
Agencies and their Regulated Entities. The Subcommittee on 
Diversity and Inclusion held the following hearings related to 
this matter:
           The Subcommittee on Diversity and Inclusion 
        held a hearing entitled, ``Promoting Inclusion: 
        Examining the Need for Diversity Practices for 
        America's Changing Workforce'' on October 17, 2019, 
        which discussed creating an inclusive culture for their 
        employees, with a focus on promotion and retention of 
        female and minority talent. Additionally, the hearing 
        examined best practices to increase the representation 
        of women and people of color in the workforce, 
        especially in the senior management and executive 
        ranks.
           The Subcommittee on Diversity and Inclusion 
        held a hearing entitled, ``Diverse Asset Managers: 
        Challenges, Solutions and Opportunities for Inclusion'' 
        on June 25, 2019, which explored the challenges 
        minority- and women-owned firms face in the asset 
        management industry, and discussed legislation to 
        increase the use of diverse asset managers by 
        institutional investors.
    On September 10, 2019, the House of Representatives passed 
H.R. 281, the Ensuring Diverse Leadership Act, introduced by 
Representative Joyce Beatty, which would require federal 
reserve banks to interview at least one individual reflective 
of gender diversity and at least one reflective of racial or 
ethnic diversity when appointing federal reserve bank 
presidents.
    On April 10, 2019, Chairwoman Maxine Waters, Representative 
Joyce Beatty, Representative Gregory Meeks, and Senator Cory 
Booker sent a letter to the Federal Retirement Thrift 
Investment Board expressing concerns on the lack of inclusion 
of minority- and women-owned firms utilized in Thrift Savings 
Plan and updates on how the Board implemented diversity 
practices.
    Recruitment, Retention and Promotion. The Committee held 
the following hearings on this matter:
           The Full Committee held a hearing entitled, 
        ``Diversity in the Boardroom: Examining Proposals to 
        Increase the Diversity of America's Boards'' on June 
        20, 2019, which examined options for diversifying the 
        gender, racial and ethnic composition of corporate and 
        federal boards.
           The Subcommittee on Diversity and Inclusion 
        held a hearing entitled, ``Promoting Inclusion: 
        Examining the Need for Diversity Practices for 
        America's Changing Workforce,'' on October 17, 2019 
        which discussed creating an inclusive culture for their 
        employees, with a focus on promotion and retention of 
        female and minority talent. Additionally, the hearing 
        examined best practices to increase the representation 
        of women and people of color in the workforce, 
        especially in the senior management and executive 
        ranks.
    The Committee considered the following legislation on this 
matter:
           H.R. 281, the Ensuring Diverse Leadership 
        Act, introduced by Representative Joyce Beatty, which 
        passed the House of Representatives on September 10, 
        2019. This bill would require federal reserve banks to 
        interview at least one individual reflective of gender 
        diversity and at least one reflective of racial or 
        ethnic diversity when appointing federal reserve bank 
        presidents.
           H.R. 1018, Improving Corporate Governance 
        Through Diversity Act, introduced by Representative 
        Gregory Meeks, which would require public companies to 
        annually disclose the voluntarily, self-identified 
        gender, race, ethnicity and veteran status of their 
        board directors, nominees, and senior executive 
        officers. Among other requirements, the SEC Office of 
        Minority and Women Inclusion would publish best 
        practices for compliance with diversity disclosures.
           H.R. 3279, Diversity in Corporate Leadership 
        Act, introduced by Representative Carolyn Maloney, 
        which would affirmatively require issuers to 
        specifically disclose to shareholders with respect to 
        the gender, racial, and ethnic diversity of their board 
        of directors, among other things.
           H.R. 5084, Improving Corporate Governance 
        Through Diversity Act of 2019, introduced by 
        Representative Gregory Meeks, which passed the House of 
        Representatives on November 11, 2019, would require 
        public companies to annually disclose the voluntarily, 
        self-identified gender, race, ethnicity and veteran 
        status of their board directors, nominees, and senior 
        executive officers. Among other requirements, the SEC 
        OMWI would publish best practices for compliance with 
        diversity disclosures.
    The Rooney Rule. The Committee held the following hearings 
on this matter:
           The Subcommittee on Diversity and Inclusion 
        held a hearing entitled, ``Good for the Bottom Line: A 
        Review of the Business Case for Diversity and 
        Inclusion'' on May 1, 2019, which examined data and 
        research about the social and economic benefits that 
        can be achieved when organizations implement robust 
        diversity and inclusion strategies. The hearing also 
        explored financial services industry and other 
        organizational examples of successful diversity and 
        inclusion initiatives.
           The Committee held a hearing entitled, 
        ``Diversity in the Boardroom: Examining Proposals to 
        Increase the Diversity of America's Boards'' on June 
        20, 2019, which examined options for diversifying the 
        gender, racial and ethnic composition of corporate and 
        federal boards.
           The Subcommittee on Diversity and Inclusion 
        held a hearing entitled, ``Diverse Asset Managers: 
        Challenges, Solutions and Opportunities for Inclusion'' 
        on June 25, 2019, which explored the challenges 
        minority- and women-owned firms face in the asset 
        management industry, and discussed legislation to 
        increase the use of diverse asset managers by 
        institutional investors.
           The Subcommittee on Diversity and Inclusion 
        held a hearing entitled, ``Promoting Inclusion: 
        Examining the Need for Diversity Practices for 
        America's Changing Workforce'' on October 17, 2019, 
        which discussed creating an inclusive culture for their 
        employees, with a focus on promotion and retention of 
        female and minority talent. Additionally, the hearing 
        examined best practices to increase the representation 
        of women and people of color in the workforce, 
        especially in the senior management and executive 
        ranks.
           The Subcommittee on Diversity and Inclusion 
        held a hearing entitled, ``Access Denied: Challenges 
        for Women- and Minority-Owned Businesses Accessing 
        Capital and Financial Services During the Pandemic'' on 
        July 9, 2020, which discussed the unique challenges and 
        inequities minority- and women-owned business 
        enterprises (MWBEs) have historically faced when 
        accessing capital, with a particular emphasis on how 
        those challenges are exacerbated during the COVID-19 
        pandemic.
           The Subcommittee on Diversity and Inclusion 
        held a hearing entitled, ``Holding Financial Regulators 
        Accountable for Diversity and Inclusion: Perspectives 
        from the Offices of Minority and Women Inclusion'' on 
        September 8, 2020, which examined the role of the OMWIs 
        in tracking diversity and inclusion performance inside 
        their respective agencies and among their regulated 
        entities.
    On September 10, 2019, the House of Representatives passed 
H.R. 281, the Ensuring Diverse Leadership Act, introduced by 
Representative Joyce Beatty, which would require federal 
reserve banks to interview at least one individual reflective 
of gender diversity and at least one reflective of racial or 
ethnic diversity when appointing federal reserve bank 
presidents.
    Vendor, Contractor, and Business Diversity. The Committee 
held the following hearings on this matter:
           The Subcommittee on Diversity and Inclusion 
        held a hearing entitled, ``Good for the Bottom Line: A 
        Review of the Business Case for Diversity and 
        Inclusion'' on May 1, 2019, which examined data and 
        research about the social and economic benefits that 
        can be achieved when organizations implement robust 
        diversity and inclusion strategies. The hearing also 
        explored financial services industry and other 
        organizational examples of successful diversity and 
        inclusion initiatives.
           The Subcommittee on Diversity and Inclusion 
        held a hearing entitled, ``Diverse Asset Managers: 
        Challenges, Solutions and Opportunities for Inclusion'' 
        on June 25, 2019, which explored the challenges 
        minority- and women-owned firms face in the asset 
        management industry, and discussed legislation to 
        increase the use of diverse asset managers by 
        institutional investors.
    On April 10, 2019 Chairwoman Maxine Waters, Representative 
Joyce Beatty, Representative Gregory Meeks, and Senator Cory 
Booker sent a letter to the Federal Retirement Thrift 
Investment Board expressing concerns on the lack of inclusion 
of minority- and women-owned firms utilized in Thrift Savings 
Plan and updates on how the Board implemented diversity 
practices.
    Financial and Economic Inclusion. The Committee held the 
following hearings on this matter:
           The Subcommittee on Diversity and Inclusion 
        held a hearing entitled, ``Examining the Racial and 
        Gender Wealth Gap in America'' on September 24, 2019 
        which examined the state of the racial and gender 
        wealth divide in America and explore policy and 
        industry solutions to improve wealth building 
        opportunities for women and minorities.
           The Subcommittee on Diversity and Inclusion 
        held a hearing entitled, ``Access Denied: Challenges 
        for Women- and Minority-Owned Businesses Accessing 
        Capital and Financial Services During the Pandemic'' on 
        July 9, 2020, which discussed the unique challenges and 
        inequities minority- and women-owned business 
        enterprises (MWBEs) have historically faced when 
        accessing capital, with a particular emphasis on how 
        those challenges are exacerbated during the COVID-19 
        pandemic.
    On July 9, 2019, the House passed H.R. 2162, Housing 
Financial Literacy Act of 2019, introduced by Representative 
Joyce Beatty, which gives first-time homebuyers who complete a 
Department of Housing and Urban Development-certified 
counseling course a discount on their Federal Housing 
Administration mortgage insurance premium.
    Wealth, Income Inequality, and Income Mobility. The 
Subcommittee on Diversity and Inclusion held a hearing 
entitled, ``Examining the Racial and Gender Wealth Gap in 
America'' on September 24, 2019, which examined the state of 
the racial and gender wealth divide in America and explore 
policy and industry solutions to improve wealth building 
opportunities for women and minorities.
    Public Companies. The Committee held the following hearings 
related to public companies:
           The Subcommittee on Diversity and Inclusion 
        held a hearing entitled, ``Good for the Bottom Line: A 
        Review of the Business Case for Diversity and 
        Inclusion'' on May 1, 2019, which examined data and 
        research about the social and economic benefits that 
        can be achieved when organizations implement robust 
        diversity and inclusion strategies. The hearing also 
        explored financial services industry and other 
        organizational examples of successful diversity and 
        inclusion initiatives.
           The Committee held a hearing entitled, 
        ``Diversity in the Boardroom: Examining Proposals to 
        Increase the Diversity of America's Boards'' on June 
        20, 2019, which examined options for diversifying the 
        gender, racial and ethnic composition of corporate and 
        federal boards.
    The Committee considered the following legislation:
           H.R. 1018, Improving Corporate Governance 
        Through Diversity Act, introduced by Representative 
        Gregory Meeks, which would require public companies to 
        annually disclose the voluntarily, self-identified 
        gender, race, ethnicity and veteran status of their 
        board directors, nominees, and senior executive 
        officers. Among other requirements, the SEC Office of 
        Minority and Women Inclusion would publish best 
        practices for compliance with diversity disclosures.
           H.R. 3279, Diversity in Corporate Leadership 
        Act, introduced by Representative Carolyn Maloney, 
        which would affirmatively require issuers to 
        specifically disclose to shareholders with respect to 
        the gender, racial, and ethnic diversity of their board 
        of directors, among other things.
           H.R. 5084, Improving Corporate Governance 
        Through Diversity Act of 2019, introduced by 
        Representative Gregory Meeks, which passed the House of 
        Representatives on November 11, 2019. This bill would 
        require public companies to annually disclose the 
        voluntarily, self-identified gender, race, ethnicity 
        and veteran status of their board directors, nominees, 
        and senior executive officers. Among other 
        requirements, the SEC OMWI would publish best practices 
        for compliance with diversity disclosures.
    Diverse Entrepreneurs and Access to Capital. The Committee 
held the following hearings related to diverse entrepreneurs 
and access to capital:
           The Subcommittee on Diversity and Inclusion 
        held a hearing entitled, ``Diverse Asset Managers: 
        Challenges, Solutions and Opportunities for Inclusion'' 
        on June 25, 2019 which explored the challenges 
        minority- and women-owned firms face in the asset 
        management industry, and discussed legislation to 
        increase the use of diverse asset managers by 
        institutional investors.
           The Subcommittee on Diversity and Inclusion 
        held a hearing entitled, ``Access Denied: Challenges 
        for Women- and Minority-Owned Businesses Accessing 
        Capital and Financial Services During the Pandemic'' on 
        July 9, 2020, which discussed the unique challenges and 
        inequities minority- and women-owned business 
        enterprises have historically faced when accessing 
        capital, with a particular emphasis on how those 
        challenges are exacerbated during the COVID-19 
        pandemic.
           On July 23, 2020, the Full Committee held a 
        hearing entitled, ``The Heroes Act: Providing for a 
        Strong Economic Recovery from COVID-19,'' to review the 
        provisions of H.R. 6800, the Heroes Act that would help 
        consumers as well as small and minority-owned 
        businesses during the COVID-19 emergency.
    Minority Depository Institution (MDIs). The Committee will 
monitor the federal financial regulators' compliance with the 
goals under Section 308 of the Financial Institutions Reform, 
Recovery, and Enforcement Act (FIRREA) and may consider other 
ways to further support MDIs.
    The Subcommittee on Consumer Protection and Financial 
Institutions held three hearings concerning MDIs and CDFIs:
           October 22, 2019, the Subcommittee held a 
        hearing entitled ``An Examination of the Decline of 
        Minority Depository Institutions and the Impact on 
        Underserved Communities.''
           November 20, 2019, the Subcommittee held a 
        hearing entitled ``An Examination of Regulators'' 
        Efforts to Preserve and Promote Minority Depository 
        Institutions.''
           June 3, 2020, the Subcommittee held a 
        hearing entitled ``Promoting Inclusive Lending During 
        the Pandemic: Community Development Financial 
        institutions and Minority Depository Institutions.''
    On September 21, 2020, the House of Representatives passed 
H.R. 5322, the ``Ensuring Diversity in Community Banking Act of 
2020'' by voice vote.
    Additionally, the Staff engaged extensively with MDIs 
through stakeholder calls and meetings, both in-person and 
virtual. Specifically, this engagement focused on how MDIs 
serve low-income, underserved communities and small minority-
owned businesses; the need for increased capital investments; 
and how MDIs served their customers during the COVID-19 
pandemic.

  DELINEATION OF COMMITTEE OVERSIGHT ACTIVITY PURSUANT TO CLAUSE 2 OF 
                                RULE XI

  DELINEATION OF COMMITTEE AND SUBCOMMITTEE HEARINGS HELD PURSUANT TO 
                 CLAUSES 2(N), (O), AND (P) OF RULE XI

    Clause 1(d) of Rule XI of the Rules of the House of 
Representatives requires that the Committee delineate any 
hearings held pursuant to clause 2(n) of Rule XI (relating to 
waste, fraud, abuse, or mismanagement in government programs 
authorized by the Committee), clause 2(o) of Rule XI (relating 
to instances in which auditors have been unable to audit 
financial statements of agencies), or clause 2(p) of Rule XI 
(relating to federal agencies or programs identified by the GAO 
as being subject to high risk of waste, fraud, and 
mismanagement). The following table complies with the 
requirement of clause 1(d) of Rule XI:

----------------------------------------------------------------------------------------------------------------
                                          Title (Full Committee unless
               Serial No.                     otherwise specified)                       Date(s)
----------------------------------------------------------------------------------------------------------------
116-4..................................  Monetary Policy and the State                         February 27, 2019
                                          of the Economy.
116-6..................................  Putting Consumers First? A                                March 7, 2019
                                          Semi-Annual Review of the
                                          Consumer Financial Protection
                                          Bureau.
116-7..................................  Holding Megabanks Accountable:                           March 12, 2019
                                          An Examination of Wells
                                          Fargo's Pattern of Consumer
                                          Abuses.
116-17.................................  The Annual Testimony of the              April 9, 2019 AND May 22, 2019
                                          Secretary of the Treasury on
                                          the State of the
                                          International Financial
                                          System, Parts I and II.
116-18.................................  Holding Megabanks Accountable:                           April 10, 2019
                                          A Review of Global
                                          Systemically Important Banks
                                          10 Years After the Financial
                                          Crisis.
116-26.................................  Oversight of Prudential                                    May 16, 2019
                                          Regulators: Ensuring the
                                          Safety, Soundness, and
                                          Accountability of Megabanks
                                          and Other Depository
                                          Institutions.
116-38.................................  Monetary Policy and the State                             July 10, 2019
                                          of the Economy.
116-50.................................  Oversight of the Securities                          September 24, 2019
                                          and Exchange Commission: Wall
                                          Street's Cop on the Beat.
116-56.................................  Who is Standing Up for                                 October 16, 2019
                                          Consumers? A Semi-Annual
                                          Review of the Consumer
                                          Financial Protection Bureau.
116-70.................................  Oversight of Prudential                                December 4, 2019
                                          Regulators: Ensuring the
                                          Safety, Soundness, Diversity,
                                          and Accountability of
                                          Depository Institutions.
116-83.................................  Protecting Consumers or                                February 6, 2020
                                          Allowing Consumer Abuse? A
                                          Semi-Annual Review of the
                                          Consumer Financial Protection
                                          Bureau.
116-85.................................  Monetary Policy and the State                         February 11, 2020
                                          of the Economy.
116-91.................................  Holding Wells Fargo                                      March 10, 2020
                                          Accountable: CEO Perspectives
                                          on Next Steps for the Bank
                                          That Broke America's Trust.
116-92.................................  Holding Wells Fargo                                      March 11, 2020
                                          Accountable: Examining the
                                          Role of the Board of
                                          Directors in the Bank's
                                          Egregious Pattern of Consumer
                                          Abuses.
116-97.................................  Virtual Hearing: Monetary                                 June 17, 2020
                                          Policy and the State of the
                                          Economy.
116-99.................................  Hybrid Hearing: Oversight of                              June 30, 2020
                                          the Treasury Department's and
                                          Federal Reserve's Pandemic
                                          Response.
116-106................................  Hybrid Hearing: Protecting                                July 30, 2020
                                          Consumers During the
                                          Pandemic? An Examination of
                                          the Consumer Financial
                                          Protection Bureau.
116-109................................  Virtual Hearing: Prioritizing                        September 16, 2020
                                          Fannie's and Freddie's
                                          Capital Over America's
                                          Homeowners and Renters? A
                                          Review of the Federal Housing
                                          Finance Agency's Response to
                                          the COVID-19 Pandemic.
116-111................................  Hybrid Hearing: Oversight of                         September 22, 2020
                                          the Treasury Department's and
                                          Federal Reserve's Pandemic
                                          Response.
116-113................................  Virtual Hearing: Oversight of                         November 12, 2020
                                          Prudential Regulators:
                                          Ensuring the Safety,
                                          Soundness, Diversity, and
                                          Accountability of Depository
                                          Institutions During the
                                          Pandemic.
116-115................................  Hybrid Hearing: Oversight of                           December 2, 2020
                                          the Treasury Department's and
                                          Federal Reserve's Pandemic
                                          Response.
116-11.................................  The Administration of Disaster                       March 26, 2019 O&I
                                          Recovery Funds in the Wake of
                                          Hurricanes Harvey, Irma, and
                                          Maria.
116-53.................................  Protecting Seniors: A Review                    September 25, 2019 HCDI
                                          of the FHA's Home Equity
                                          Conversion Mortgage (HECM)
                                          Program).
116-72.................................  An Examination of the Federal                     December 5, 2019 HCDI
                                          Housing Administration and
                                          Its Impact on Homeownership
                                          in America.
----------------------------------------------------------------------------------------------------------------


                   APPENDIX I--COMMITTEE LEGISLATION

               Appendix I--Committee Legislative Reports

------------------------------------------------------------------------
           Bill No.                H. Rept. No.            Title
------------------------------------------------------------------------
H.R.1500......................  116-57...........  Consumers First Act
H.R. 3893.....................  116-60...........  Kleptocracy Asset
                                                    Recovery Rewards Act
H.R. 1595.....................  116-104..........  Safe Banking Act of
                                                    22019
H.R. 1815.....................  116-123..........  SEC Disclosure
                                                    Effectiveness
                                                    Testing Act
H.R. 1856.....................  116-137..........  Ending Homelessness
                                                    Act of 2019
H.R. 3018.....................  116-185..........  Ensuring Equal Access
                                                    to Shelter Act of
                                                    2019
H.R. 2763.....................  116-196..........  Keeping Families
                                                    Together Act of 2019
H.R. 3154.....................  116-197..........  Homeownership for
                                                    Dreamers Act
H.R. 3620.....................  116-198..........  Strategy and
                                                    Investment in Rural
                                                    Housing Preservation
                                                    Act of 2019
H.R. 2534.....................  116-219..........  Insider Trading
                                                    Prohibition Act
H.R. 3624.....................  116-220..........  Outsourcing
                                                    Accountability Act
                                                    of 2019
H.R. 2513.....................  116-227..........  Corporate
                                                    Transparency Act of
                                                    2019
H.R. 2514.....................  116-245..........  COUNTER Act of 2019
H.R. 3111.....................  116-261..........  National Flood
                                                    Insurance Program
                                                    Administrative
                                                    Reform Act of 2019
H.R. 3167.....................  116-262..........  National Flood
                                                    Insurance
                                                    Reauthorization Act
                                                    of 2019
H.R. 4863.....................  116-271..........  United States Export
                                                    Finance Agency Act
                                                    of 2019
H.R. 3141.....................  116-282..........  FHA Loan
                                                    Affordability Act of
                                                    2019
H.R. 3614.....................  116-305..........  Restricting Credit
                                                    Checks for
                                                    Employment
                                                    Discrimination Act
H.R. 3618.....................  116-306..........  Free Credit Scores
                                                    for Consumers Act of
                                                    2019
H.R. 3629.....................  116-307..........  Clarity in Credit
                                                    Score Formation Act
                                                    of 2019
H.R. 3621.....................  116-331..........  Student Borrower
                                                    Credit Improvement
                                                    Act
H.R. 4242.....................  116-336..........  Greater
                                                    Accountability in
                                                    Pay Act
H.R. 4320.....................  116-337..........  Corporate Management
                                                    Accountability Act
                                                    of 2019
H.R. 3622.....................  116-362..........  Restoring Unfairly
                                                    Impaired Credit and
                                                    Protecting Consumers
                                                    Act
H.R. 3642.....................  116-363..........  Improving Credit
                                                    Reporting for All
                                                    Consumers Act
H.R. 4329.....................  116-365..........  ESG Disclosure
                                                    Simplification Act
H.R. 3701.....................  116-399..........  Strengthening Fraud
                                                    Protection
                                                    Provisions for SEC
                                                    Enforcement Act of
                                                    2019
H.R. 3641.....................  116-410..........  Stronger Enforcement
                                                    of Civil Penalties
                                                    Act of 2019
H.R. 5332.....................  116-416..........  Protecting Your
                                                    Credit Score Act of
                                                    2019
H.R. 3490.....................  116-418..........  Ending Debt
                                                    Collection
                                                    Harassment Act of
                                                    2019
H.R. 3623.....................  116-563..........  Climate Risk
                                                    Disclosure Act of
                                                    2019
H.R. 5929.....................  116-632..........  Shareholder Political
                                                    Transparency Act of
                                                    2020
H.R.1731......................  116-633..........  Cybersecurity
                                                    Disclosure Act of
                                                    2019
H.R. 5930.....................  116-634..........  Workforce Investment
                                                    Disclosure Act of
                                                    2020
H.R. 4328.....................  116-635..........  Protecting Innocent
                                                    Consumers Affected
                                                    by a Shutdown Act
H.R. 5001.....................  116-638..........  Non-Judicial
                                                    Foreclosure Debt
                                                    Collection
                                                    Clarification Act
H.R. 5330.....................  116-653..........  Consumer Protection
                                                    for Medical Debt
                                                    Collections Act
H.R. 4403.....................  116-654..........  Stop Debt Collection
                                                    Abuse Act of 2019
H.R. 5013.....................  116-656..........  Small Business Fair
                                                    Debt Collection
                                                    Protection Act
H.R. 3948.....................  116-658..........  Debt Collection
                                                    Practices
                                                    Harmonization Act
H.R. 123......................  116-663..........  Alternative Data for
                                                    Additional Credit
                                                    FHA Pilot Program
                                                    Reauthorization Act
H.R. 149......................  116-664..........  Housing Fairness Act
                                                    of 2020
H.R. 4545.....................  116-682, Part 1..  Private Loan
                                                    Disability Discharge
                                                    Act of 2019
H.R. 5187.....................  116-686..........  Housing as
                                                    Infrastructure Act
                                                    of 2019
------------------------------------------------------------------------

                        APPENDIX II--PUBLIC LAWS


                        Appendix II--Public Laws

    This table lists measures which contained matters within 
the jurisdiction of the Committee on Financial Services which 
were enacted into law during the 116th Congress.

 
------------------------------------------------------------------------
         Public Law No.              Bill No.               Title
------------------------------------------------------------------------
 116-11.......................   S.1693/H.R. 2578   National Flood
                                                    Insurance Program
                                                    Extension Act of
                                                    2019
 116-25.......................   H.R. 3151.......   Taxpayer First Act
 116-33.......................   S.1749/H.R. 1988   Protecting
                                                    Affordable Mortgages
                                                    for Veterans Act
 116-68.......................   H.R. 1396.......   Hidden Figures
                                                    Congressional Gold
                                                    Medal Act
 116-92.......................   S.1790..........   National Defense
                                                    Authorization Act
                                                    for Fiscal Year
                                                    2020, which includes
                                                    H.R. 4804, Otto
                                                    Warmbier North Korea
                                                    Nuclear Sanctions
                                                    Act of 2019
 116-94.......................   H.R. 1865.......   Further Consolidated
                                                    Appropriations Act,
                                                    2020, which includes
                                                    the following
                                                    measures, as amended
                                                    or revised:
                                                      H.R. 4634,
                                                    Terrorism Risk
                                                    Insurance Program
                                                    Reauthorization Act
                                                    of 2019, as amended
                                                      H.R. 4863,
                                                    United States Export
                                                    Finance Agency Act
                                                    of 2019, as amended
 116-112......................   S.457/H.R. 1173.   President George
                                                    H.W. Bush and First
                                                    Spouse Barbara Bush
                                                    Coin Act
 116-113......................   H.R. 5430.......   United States-Mexico-
                                                    Canada
                                                    Implementation Act,
                                                    which includes H.R.
                                                    132, the North
                                                    American Development
                                                    Bank Improvement
                                                    Act, as amended.
 116-125......................   H.R. 5671.......   Merchant Mariners of
                                                    World War II
                                                    Congressional Gold
                                                    Medal Act
 116-136......................   H.R. 748........   CARES Act, which
                                                    includes the
                                                    following measures,
                                                    as amended or
                                                    revised:
                                                      H.R. 6319,
                                                    To establish a
                                                    Congressional COVID-
                                                    19 Aid Oversight
                                                    Panel and for other
                                                    purposes
                                                      H.R. 6321,
                                                    Financial Protection
                                                    and Assistance for
                                                    America's Consumers,
                                                    States, Businesses,
                                                    and Vulnerable
                                                    Populations Act, as
                                                    amended
                                                      H.R. 6327,
                                                    To authorize United
                                                    States participation
                                                    in, and
                                                    contributions to,
                                                    the Nineteenth
                                                    Replenishment of the
                                                    resources of the
                                                    International
                                                    Development
                                                    Association, the
                                                    Fifteenth
                                                    Replenishment of the
                                                    resources of the
                                                    African Development
                                                    Fund, and the
                                                    seventh capital
                                                    increase of the
                                                    African Development
                                                    Bank
                                                      H.R. 6340,
                                                    To provide for
                                                    mortgage forbearance
                                                    during the COVID-19
                                                    emergency, and for
                                                    other purposes
                                                      H.R. 6358,
                                                    To authorize
                                                    supplemental
                                                    appropriations for
                                                    fiscal year 2020 for
                                                    community
                                                    development block
                                                    grants, and for
                                                    other purposes
                                                      H.R. 6373,
                                                    To increase the
                                                    amount available
                                                    under the Defense
                                                    Production Act of
                                                    1950 to respond to
                                                    the coronavirus
                                                    epidemic, and for
                                                    other purposes
                                                      H.R. 6380,
                                                    To temporarily
                                                    provide for Federal
                                                    insurance of
                                                    transaction accounts
                                                    during the COVID-19
                                                    emergency
                                                      H.R. 6382,
                                                    Fair Housing
                                                    Enforcement
                                                    Emergency Act of
                                                    2020
 116-149......................   H.R. 7440.......   Hong Kong Autonomy
                                                    Act
 116-152......................   H.R. 1957.......   Great American
                                                    Outdoors Act
 116-170......................   S. 743/H.R. 906.   Merrill's Marauders
                                                    Congressional Gold
                                                    Medal Act
 116-195......................   H.R. 1773.......   Rosie the Riveter
                                                    Congressional Gold
                                                    Medal Act of 2019
 116-208......................   H.R. 3589.......   Greg Lemond
                                                    Congressional Gold
                                                    Medal Act
 116-209......................   H.R. 4104.......   Negro Leagues
                                                    Baseball Centennial
                                                    Commemorative Coin
                                                    Act
 116-222......................   S. 945/H.R. 7000   Holding Foreign
                                                    Companies
                                                    Accountable Act
 116-247......................   H.R. 1830.......   National Purple
                                                    Heart Hall of Honor
                                                    Commemorative Coin
                                                    Act
 116-.........................   H.R. 133........   Consolidated
                                                    Appropriations Act,
                                                    2021, including the
                                                    following measures,
                                                    as amended or
                                                    revised:
                                                      H.R. 1690,
                                                    Carbon Monoxide
                                                    Alarms Leading Every
                                                    Resident To Safety
                                                    Act of 2019
                                                      H.R. 2919,
                                                    Improving Investment
                                                    Research for Small
                                                    and Emerging Issuers
                                                    Act
                                                      H.R. 3050,
                                                    Expanding Investment
                                                    in Small Businesses
                                                    Act of 2019
                                                      H.R. 4300,
                                                    Fostering Stable
                                                    Housing
                                                    Opportunities Act of
                                                    2019
                                                      H.R. 4458
                                                    Cybersecurity and
                                                    Financial System
                                                    Resilience Act of
                                                    2019
                                                      H.R. 6321,
                                                    Financial
                                                    Protections and
                                                    Assistance for
                                                    America's Consumers,
                                                    States, Businesses,
                                                    and Vulnerable
                                                    Populations Act
                                                      H.R. 6551,
                                                    CARES Act Section
                                                    4014 Technical
                                                    Corrections Act
                                                      H.R. 6789,
                                                    Access to Credit for
                                                    Small Businesses
                                                    Impacted by the
                                                    COVID-19 Crisis Act
                                                    of 2020
                                                      H.R. 6820,
                                                    Emergency Rental
                                                    Assistance and
                                                    Rental Market
                                                    Stabilization Act of
                                                    2020
                                                      H.R. 6868,
                                                    To amend the CARES
                                                    Act to establish a
                                                    Community Capital
                                                    Investment Program,
                                                    and for other
                                                    purposes
                                                      H.R. 7121,
                                                    To authorize
                                                    appropriations for
                                                    the Community
                                                    Development
                                                    Financial
                                                    Institutions Fund
                                                    providing financial
                                                    assistance and
                                                    technical assistance
                                                    for the benefit of
                                                    certain minority
                                                    communities, and for
                                                    other purposes
                                                      H.R. 7301,
                                                    Emergency Housing
                                                    Protections and
                                                    Relief Act of 2020
                                                      H.R. 7402,
                                                    Protecting Renters
                                                    from Eviction and
                                                    Fees Act of 2020
                                                      H.R. 7993,
                                                    Promoting and
                                                    Advancing
                                                    Communities of Color
                                                    through Inclusive
                                                    Lending Act)
                                                      H.R. 8438,
                                                    Belarus Democracy,
                                                    Human Rights, and
                                                    Sovereignty Act of
                                                    2020
                                                      S. 2282/
                                                    H.R. 4029, Tribal
                                                    Access to Homeless
                                                    Assistance Act
                                                      S. 2725,
                                                    Native American
                                                    Housing
                                                    Affordability Act of
                                                    2019
 116-.........................   H.R. 6395.......   Mac Thornberry
                                                    National Defense
                                                    Authorization Act,
                                                    2021, including the
                                                    following measures
                                                    as amended or
                                                    revised: (Pending)
                                                      H.R. 389,
                                                    Kleptocracy Asset
                                                    Recovery Rewards Act
                                                      H.R. 502,
                                                    FIND Trafficking Act
                                                      H.R. 758,
                                                    the Cooperate with
                                                    Law Enforcement
                                                    Agencies and Watch
                                                    Act of 2019
                                                      H.R. 1414,
                                                    FinCEN Improvement
                                                    Act
                                                      H.R. 2398,
                                                    Veterans HOUSE Act
                                                      H.R. 2513,
                                                    Corporate
                                                    Transparency Act
                                                      H.R. 2514,
                                                    COUNTER Act
                                                      H.R. 2613,
                                                    Advancing Innovation
                                                    to Assist Law
                                                    Enforcement Act
                                                      H.R. 4344,
                                                    Investor Protection
                                                    and Capital Markets
                                                    Fairness Act
                                                      H.R. 5051.
                                                    Accountability for
                                                    World Bank Loans to
                                                    China Act of 2019
                                                      H.R. 5932,
                                                    Ensuring Chinese
                                                    Debt Transparency
                                                    Act of 2020
                                                      H.R. 6104,
                                                    Truck Parking Safety
                                                    Improvement Act
                                                      H.R. 7592,
                                                    STIFLE Act
                                                      H.R. 7603,
                                                    Improving
                                                    Congressional
                                                    Oversight Over CFIUS
                                                    Determinations Act.
                                                      H.R. 7682,
                                                    the Sudan Democratic
                                                    Transition,
                                                    Accountability and
                                                    Fiscal Transparency
                                                    Act of 2020
                                                      H.R. 8794,
                                                    Preventing Illicit
                                                    Finance Act
                                                      H.R. 8796,
                                                    To direct the
                                                    Secretary of the
                                                    Treasury and the
                                                    Attorney General to
                                                    jointly conduct a
                                                    study on the efforts
                                                    of authoritarian
                                                    regimes in foreign
                                                    countries to exploit
                                                    the financial system
                                                    of the United
                                                    States, and for
                                                    other purposes
                                                      H.R. 8816,
                                                    Anti-Money
                                                    Laundering Training
                                                    Improvement Act
 116-.........................   S. 914..........   Coordinated Ocean
                                                    Observations and
                                                    Research Act of 2020
 116-.........................   H.R. 1923.......   Circulating
                                                    Collectible Coin
                                                    Redesign Act of 2020
 116-.........................   S. 371/H.R. 1060   BUILD Act
------------------------------------------------------------------------

                  APPENDIX III--COMMITTEE PUBLICATIONS


                    Appendix III--Committee Hearings


------------------------------------------------------------------------
 
------------------------------------------------------------------------
116-1.........................  Homeless in America:    February 13,
                                 Examining the Crisis    2019 Full
                                 and Solutions to End
                                 Homelessness.
116-2.........................  Challenges and          February 13,
                                 Solutions: Access to    2019 CPFI
                                 Banking Services for
                                 Cannabis-Related
                                 Businesses.
116-3.........................  Who's Keeping Score?    February 26,
                                 Holding Credit          2019 Full
                                 Bureaus Accountable
                                 and Repairing a
                                 Broken System.
116-4.........................  Monetary Policy and     February 27,
                                 the State of the        2019 Full
                                 Economy.
116-5.........................  An Overview of          February 27,
                                 Diversity Trends in     2019 D&I
                                 the Financial
                                 Services Industry.
116-6.........................  Putting Consumers       March 7, 2019
                                 First? A Semi-Annual    Full
                                 Review of the
                                 Consumer Financial
                                 Protection Bureau.
116-7.........................  Holding Megabanks       March 12, 2019
                                 Accountable: An         Full
                                 Examination of Wells
                                 Fargo's Pattern of
                                 Consumer Abuses.
116-8.........................  Preparing for the       March 13, 2019
                                 Storm:                  Full
                                 Reauthorization of
                                 the National Flood
                                 Insurance Program.
116-9.........................  Promoting Corporate     March 13, 2019
                                 Transparency:           NSIDMP
                                 Examining Legislative
                                 Proposals to Detect
                                 and Deter Financial
                                 Crime.
116-10........................  Putting Investors       March 14, 2019
                                 First? Examining the    IPECM
                                 SEC's Best Interest
                                 Rule.
116-11........................  The Administration of   March 26, 2019
                                 Disaster Recovery       O&I
                                 Funds in the Wake of
                                 Hurricanes Harvey,
                                 Irma, and Maria.
116-12........................  The Fair Housing Act:   April 2, 2019
                                 Reviewing Efforts to    Full
                                 Eliminate
                                 Discrimination and
                                 Promote Opportunity
                                 in Housing.
116-13........................  The Affordable Housing  April 2, 2019
                                 Crisis in Rural         HCDI
                                 America: Assessing
                                 the Federal Response.
116-14........................  Member Day Hearing....  April 3, 2019
                                                         Full
116-15........................  Putting Investors       April 3, 2019
                                 First: Reviewing        IPECM
                                 Proposals to Hold
                                 Executives
                                 Accountable.
116-16........................  The Community           April 9, 2019
                                 Reinvestment Act:       CPFI
                                 Assessing the Law's
                                 Impact on
                                 Discrimination and
                                 Redlining.
116-17........................  The Annual Testimony    April 9, 2019
                                 of the Secretary of     AND May 22,
                                 the Treasury on the     2019 Full
                                 State of the
                                 International
                                 Financial System,
                                 Parts I and II.
116-18........................  Holding Megabanks       April 10, 2019
                                 Accountable: A Review   Full
                                 of Global
                                 Systemically
                                 Important Banks 10
                                 Years After the
                                 Financial Crisis.
116-19........................  Housing in America:     April 30, 2019
                                 Assessing the           Full
                                 Infrastructure Needs
                                 of America's Housing
                                 Stock.
116-20........................  Ending Debt Traps in    April 30, 2019
                                 the Payday and Small    CPFI
                                 Dollar Credit
                                 Industry.
116-21........................  Examining               May 1, 2019 O&I
                                 Discrimination in the
                                 Automobile Loan and
                                 Insurance Industries.
116-22........................  Good for the Bottom     May 1, 2019 D&I
                                 Line: A Review of the
                                 Business Case for
                                 Diversity and
                                 Inclusion.
116-23........................  A Review of the State   May 8, 2019 HCDI
                                 of and Barriers to
                                 Minority
                                 Homeownership.
116-24........................  Promoting Economic      May 15, 2019
                                 Growth: A Review of     IPECM
                                 Proposals to
                                 Strengthen the Rights
                                 and Protections for
                                 Workers.
116-25........................  Assessing the Use of    May 15, 2019
                                 Sanctions in            NSIDMP
                                 Addressing National
                                 Security and Foreign
                                 Policy Challenges.
116-26........................  Oversight of            May 16, 2019
                                 Prudential              Full
                                 Regulators: Ensuring
                                 the Safety,
                                 Soundness, and
                                 Accountability of
                                 Megabanks and Other
                                 Depository
                                 Institutions.
116-27........................  Housing in America:     May 21, 2019
                                 Oversight of the U.S.   Full
                                 Department of Housing
                                 and Urban Development.
116-17........................  The Annual Testimony    May 22, 2019
                                 of the Secretary of     Full
                                 the Treasury on the    Printed together
                                 State of the            with Part I,
                                 International           April 9, 2019
                                 Financial System--
                                 Part II.
116-28........................  Promoting American      June 4, 2019
                                 Jobs: Reauthorization   Full
                                 of the U.S. Export-
                                 Import Bank.
116-29........................  Emerging Threats to     June 4, 2019
                                 Stability:              CPFI
                                 Considering the
                                 Systemic Risk of
                                 Leveraged Lending.
116-30........................  An Examination of       June 11, 2019
                                 State Efforts to        O&I
                                 Oversee the $1.5
                                 Trillion Student Loan
                                 Servicing Market.
116-31........................  Promoting Economic      June 19, 2019
                                 Growth: Exploring the   NSIDMP
                                 Impact of Recent
                                 Trade Policies on the
                                 U.S. Economy.
116-32........................  Putting Investors       June 19, 2019
                                 First: Examining        IPECM
                                 Proposals to
                                 Strengthen
                                 Enforcement Against
                                 Securities Law
                                 Violators.
116-33........................  Diversity in the        June 20, 2019
                                 Boardroom: Examining    Full
                                 Proposals to Increase
                                 the Diversity of
                                 America's Boards.
116-34........................  What's Your Home        June 20, 2019
                                 Worth? A Review of      HCDI
                                 the Appraisal
                                 Industry.
116-35........................  Diverse Asset           June 25, 2019
                                 Managers: Challenges,   D&I
                                 Solutions, and
                                 Opportunities for
                                 Inclusion.
116-36........................  Overseeing the Fintech  June 25, 2019 TF-
                                 Revolution: Domestic    FT
                                 and International
                                 Perspectives on
                                 Fintech Regulation.
116-37........................  Perspectives on         June 26, 2019 TF-
                                 Artificial              AI
                                 Intelligence: Where
                                 We Are and the Next
                                 Frontier in Financial
                                 Services.
116-38........................  Monetary Policy and     July 10, 2019
                                 the State of the        Full
                                 Economy.
116-39........................  Building a Sustainable  July 10, 2019
                                 and Competitive         IPECM
                                 Economy: An
                                 Examination of
                                 Proposals to Improve
                                 Environmental,
                                 Social, and
                                 Governance
                                 Disclosures.
116-40........................  Examining Facebook's    July 17, 2019
                                 Proposed                Full
                                 Cryptocurrency and
                                 Its Impact on
                                 Consumers, Investors,
                                 and the American
                                 Financial System.
116-41........................  The Next Megabank?      July 24, 2019
                                 Examining the           Full
                                 Proposed Merger of
                                 SunTrust and BB&T.
116-42........................  Examining the Use of    July 25, 2019 TF-
                                 Alternative Data in     FT
                                 Underwriting and
                                 Credit Scoring to
                                 Expand Access to
                                 Credit.
116-43........................  An Examination of the   August 2, 2019
                                 Housing Crisis in       Full
                                 Michigan, 11 Years     Field hearing
                                 After the Recession.
116-44........................  Examining the           August 14, 2019
                                 Homelessness Crisis     Full
                                 in Los Angeles.        Field hearing
116-45........................  Examining               September 4,
                                 Discrimination and      2019 O&I
                                 Other Barriers to      Field hearing
                                 Consumer Credit,
                                 Homeownership, and
                                 Financial Inclusion
                                 in Texas.
116-46........................  A $1.5 Trillion         September 10,
                                 Crisis: Protecting      2019 Full
                                 Student Borrowers and
                                 Holding Student Loan
                                 Servicers Accountable.
116-47........................  Examining Private       September 11,
                                 Market Exemptions as    2019 IPECM
                                 a Barrier to IPOs and
                                 Retail Investment.
116-48........................  Examining the           September 11,
                                 Macroeconomic Impacts   2019 NSIDMP
                                 of a Changing Climate.
116-49........................  The Future of Identity  September 12,
                                 in Financial            2019 TF-AI
                                 Services: Threats,
                                 Challenges, and
                                 Opportunities.
116-50........................  Oversight of the        September 24,
                                 Securities and          2019 Full
                                 Exchange Commission:
                                 Wall Street's Cop on
                                 the Beat.
116-51........................  Examining the Racial    September 24,
                                 and Gender Wealth Gap   2019 D&I
                                 in America.
116-52........................  Promoting Financial     September 25,
                                 Stability: Assessing    2019 CPFI
                                 Threats to the U.S.
                                 Financial System.
116-53........................  Protecting Seniors: A   September 25,
                                 Review of the FHA's     2019 HCDI
                                 Home Equity
                                 Conversion Mortgage
                                 (HECM) Program.
116-54........................  Examining Legislation   September 26,
                                 to Protect Consumers    2019 Full
                                 and Small Business
                                 Owners from Abusive
                                 Debt Collection
                                 Practices.
116-55........................  The Future of Real-     September 26,
                                 Time Payments.          2019 TF-FT
116-56........................  Who is Standing Up for  October 16, 2019
                                 Consumers? A Semi-      Full
                                 Annual Review of the
                                 Consumer Financial
                                 Protection Bureau.
116-57........................  Protecting America:     October 16, 2019
                                 The Reauthorization     Joint: HCDI and
                                 of the Terrorism Risk   NSIDMP
                                 Insurance Program.
116-58........................  Examining Corporate     October 17, 2019
                                 Priorities: The         IPECM
                                 Impact of Stock
                                 Buybacks on Workers,
                                 Communities, and
                                 Investors.
116-59........................  Promoting Inclusion:    October 17, 2019
                                 Examining the Need      D&I
                                 for Diversity
                                 Practices for
                                 America's Changing
                                 Workforce.
116-60........................  AI and the Evolution    October 18, 2019
                                 of Cloud Computing:     TF-AI
                                 Evaluating How
                                 Financial Data is
                                 Stored, Protected,
                                 and Maintained by
                                 Cloud Providers.
116-61........................  The End of Affordable   October 22, 2019
                                 Housing? A Review of    Full
                                 the Trump
                                 Administration's
                                 Plans to Change
                                 Housing Finance in
                                 America.
116-62........................  An Examination of the   October 22, 2019
                                 Decline of Minority     CPFI
                                 Depository
                                 Institutions and the
                                 Impact on Underserved
                                 Communities.
116-63........................  An Examination of       October 23, 2019
                                 Facebook and Its        Full
                                 Impact on the
                                 Financial Services
                                 and Housing Sectors.
116-64........................  Financial Services and  October 29, 2019
                                 the LGBTQ+ Community:   O&I
                                 A Review of
                                 Discrimination in
                                 Lending and Housing.
116-65........................  How America Leads       November 13,
                                 Abroad: An              2019 NSIDMP
                                 Examination of
                                 Multilateral
                                 Development
                                 Institutions.
116-66........................  America for Sale? An    November 19,
                                 Examination of the      2019 Full
                                 Practices of Private
                                 Funds.
116-67........................  An Examination of       November 20,
                                 Regulators' Efforts     2019 CPFI
                                 to Preserve and
                                 Promote Minority
                                 Depository
                                 Institutions.
116-68........................  Safe and Decent?        November 20,
                                 Examining the Current   2019 HCDI
                                 State of Residents'
                                 Health and Safety in
                                 HUD Housing.
116-69........................  Banking on Your Data:   November 21,
                                 The Role of Big Data    2019 TF-FT
                                 in Financial Services.
116-70........................  Oversight of            December 4, 2019
                                 Prudential              Full
                                 Regulators: Ensuring
                                 the Safety,
                                 Soundness, Diversity,
                                 and Accountability of
                                 Depository
                                 Institutions.
116-71........................  Promoting Financial     December 5, 2019
                                 Stability? Reviewing    Full
                                 the Administration's
                                 Deregulatory Approach
                                 to Financial
                                 Stability.
116-72........................  An Examination of the   December 5, 2019
                                 Federal Housing         HCDI
                                 Administration and
                                 Its Impact on
                                 Homeownership in
                                 America.
116-73........................  Robots on Wall Street:  December 6, 2019
                                 The Impact of AI on     TF-AI
                                 Capital Markets and
                                 Jobs in the Financial
                                 Services Industry.
116-74........................  On the Brink of         January 14, 2020
                                 Homelessness: How the   Full
                                 Affordable Housing
                                 Crisis and the
                                 Gentrification of
                                 America is Leaving
                                 Families Vulnerable.
116-75........................  The Community           January 14, 2020
                                 Reinvestment Act:       CPFI
                                 Reviewing Who Wins
                                 and Who Loses with
                                 Comptroller Otting's
                                 Proposal.
116-76........................  A Persistent and        January 15, 2020
                                 Evolving Threat: An     NSIDMP
                                 Examination of the
                                 Financing of Domestic
                                 Terrorism and
                                 Extremism.
116-77........................  An Examination of the   January 15, 2020
                                 Financial Accounting    IPECM
                                 Standards Board and
                                 the Public Company
                                 Accounting Oversight
                                 Board.
116-78........................  The Community           January 29, 2020
                                 Reinvestment Act: Is    Full
                                 the OCC Undermining
                                 the Law's Purpose and
                                 Intent?
116-79........................  Examining the           January 29, 2020
                                 Availability of         HCDI
                                 Insurance for
                                 Nonprofits.
116-80........................  Is Cash Still King?     January 30, 2020
                                 Reviewing the Rise of   TF-FT
                                 Mobile Payments.
116-81........................  Rent-A Bank Schemes     February 5, 2020
                                 and New Debt Traps:     Full
                                 Assessing Efforts to
                                 Evade State Consumer
                                 Protections and
                                 Interest Rate Caps.
116-82........................  A Future Without        February 5, 2020
                                 Public Housing?         HCDI
                                 Examining the Trump
                                 Administration's
                                 Efforts to Eliminate
                                 Public Housing.
116-83........................  Protecting Consumers    February 6, 2020
                                 or Allowing Consumer    Full
                                 Abuse? A Semi-Annual
                                 Review of the
                                 Consumer Financial
                                 Protection Bureau.
116-84........................  Fake It Till They Make  February 6, 2020
                                 It: How Bad Actors      O&I
                                 Use Astroturfing to
                                 Manipulate
                                 Regulators,
                                 Disenfranchise
                                 Consumers and Subvert
                                 the Rulemaking
                                 Process.
116-85........................  Monetary Policy and     February 11,
                                 the State of the        2020 Full
                                 Economy.
116-86........................  A Review of Diversity   February 12,
                                 and Inclusion at        2020 D&I
                                 America's Large Banks.
116-87........................  Equitable Algorithms:   February 12,
                                 Examining Ways to       2020 TF-AI
                                 Reduce AI Bias in
                                 Financial Services.
116-88........................  The Traffickers'        March 4, 2020
                                 Roadmap: How Bad        NSIDMP
                                 Actors Exploit
                                 Financial Systems to
                                 Facilitate the
                                 Illicit Trade in
                                 People, Animals,
                                 Drugs, and Weapons.
116-89........................  Drivers of              March 4, 2020
                                 Discrimination: An      HCDI
                                 Examination of Unfair
                                 Premiums, Practices,
                                 and Policies in the
                                 Auto Insurance
                                 Industry.
116-90........................  Field Hearing: Modern-  March 6, 2020
                                 Day Redlining: The      CPFI
                                 Burden on Underbanked
                                 and Excluded
                                 Communities in New
                                 York.
116-91........................  Holding Wells Fargo     March 10, 2020
                                 Accountable: CEO        Full
                                 Perspectives on Next
                                 Steps for the Bank
                                 That Broke America's
                                 Trust.
116-92........................  Holding Wells Fargo     March 11, 2020
                                 Accountable:            Full
                                 Examining the Role of
                                 the Board of
                                 Directors in the
                                 Bank's Egregious
                                 Pattern of Consumer
                                 Abuses.
116-93........................  Virtual Hearing:        June 3, 2020
                                 Promoting Inclusive     CPFI
                                 Lending During the
                                 Pandemic: Community
                                 Development Financial
                                 Institutions and
                                 Minority Depository
                                 Institutions.
116-94........................  Virtual Hearing: The    June 10, 2020
                                 Rent is Still Due:      HCDI
                                 America's Renters,
                                 COVID-19, and an
                                 Unprecedented
                                 Eviction Crisis.
116-95........................  Virtual Hearing:        June 11, 2020 TF-
                                 Inclusive Banking       FT
                                 During a Pandemic:
                                 Using FedAccounts and
                                 Digital Tools to
                                 Improve Delivery of
                                 Stimulus Payments.
116-96........................  Virtual Hearing:        June 16, 2020
                                 Cybercriminals and      NSIDMP
                                 Fraudsters: How Bad
                                 Actors are Exploiting
                                 the Financial System
                                 during the COVID-19
                                 Pandemic.
116-97........................  Virtual Hearing:        June 17, 2020
                                 Monetary Policy and     Full
                                 the State of the
                                 Economy.
116-98........................  Hybrid Hearing:         June 25, 2020
                                 Capital Markets and     IPECM
                                 Emergency Lending in
                                 the COVID-19 Era.
116-99........................  Hybrid Hearing:         June 30, 2020
                                 Oversight of the        Full
                                 Treasury Department's
                                 and Federal Reserve's
                                 Pandemic Response.
116-100.......................  Virtual Hearing:        July 7, 2020
                                 Paycheck Security:      NSIDMP
                                 Economic Perspectives
                                 on Alternative
                                 Approaches to
                                 Protecting Workers'
                                 Pay During COVID-19.
116-101.......................  Virtual Hearing:        July 8, 2020 TF-
                                 Exposure Notification   AI
                                 and Contact Tracing:
                                 How AI Helps
                                 Localities Reopen
                                 Safely and
                                 Researchers Find a
                                 Cure.
116-102.......................  Virtual Hearing:        July 9, 2020 D&I
                                 Access Denied:
                                 Challenges for Women-
                                 and Minority-Owned
                                 Businesses Accessing
                                 Capital and Financial
                                 Services During the
                                 Pandemic.
116-103.......................  Virtual Hearing:        July 14, 2020
                                 Promoting Economic      IPECM
                                 Recovery: Examining
                                 Capital Markets and
                                 Worker Protections in
                                 the COVID-19 Era.
116-104.......................  Virtual Hearing:        July 16, 2020
                                 Protecting Homeowners   O&I
                                 During the Pandemic:
                                 Oversight of Mortgage
                                 Servicers'
                                 Implementation of the
                                 CARES Act.
116-105.......................  Hybrid Hearing: The     July 23, 2020
                                 Heroes Act: Providing   Full
                                 for a Strong Economic
                                 Recovery from COVID-
                                 19.
116-106.......................  Hybrid Hearing:         July 30, 2020
                                 Protecting Consumers    Full
                                 During the Pandemic?
                                 An Examination of the
                                 Consumer Financial
                                 Protection Bureau.
116-107.......................  Virtual Hearing:        September 8,
                                 Holding Financial       2020 D&I
                                 Regulators
                                 Accountable for
                                 Diversity and
                                 Inclusion:
                                 Perspectives from the
                                 Offices of Minority
                                 and Women Inclusion.
116-108.......................  Virtual Hearing: The    September 10,
                                 Need for Financial      2020 Full
                                 Aid to America's
                                 States and
                                 Territories During
                                 the Pandemic:
                                 Supporting First
                                 Responders, Assisting
                                 Schools in Their
                                 Efforts to Safely
                                 Educate, and
                                 Preventing Mass
                                 Layoffs.
116-109.......................  Virtual Hearing:        September 16,
                                 Prioritizing Fannie's   2020 Full
                                 and Freddie's Capital
                                 Over America's
                                 Homeowners and
                                 Renters? A Review of
                                 the Federal Housing
                                 Finance Agency's
                                 Response to the COVID-
                                 19 Pandemic.
116-110.......................  Virtual Hearing:        September 17,
                                 Insider Trading and     2020 IPECM
                                 Stock Option Grants:
                                 An Examination of
                                 Corporate Integrity
                                 in the COVID-19
                                 Pandemic.
116-111.......................  Hybrid Hearing:         September 22,
                                 Oversight of the        2020 Full
                                 Treasury Department's
                                 and Federal Reserve's
                                 Pandemic Response.
116-112.......................  Virtual Hearing:        September 29,
                                 License to Bank:        2020 TF-FT
                                 Examining the Legal
                                 Framework Governing
                                 Who Can Lend and
                                 Process Payments in
                                 the Fintech Age.
116-113.......................  Virtual Hearing:        November 12,
                                 Oversight of            2020 Full
                                 Prudential
                                 Regulators: Ensuring
                                 the Safety,
                                 Soundness, Diversity,
                                 and Accountability of
                                 Depository
                                 Institutions During
                                 the Pandemic.
116-114.......................  Virtual Hearing:        November 19,
                                 Insuring Against a      2020 HCDI
                                 Pandemic: Challenges
                                 and Solutions for
                                 Policyholders and
                                 Insurers.
116-115.......................  Hybrid Hearing:         December 2, 2020
                                 Oversight of the        Full
                                 Treasury Department's
                                 and Federal Reserve's
                                 Pandemic Response.
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