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The Latest Breaking News from Banking Committee

Next Senate Banking Committee Chair Sees Crypto As A Potential Catalyst For Financial Democracy

Sen. Tim Scott will lead the Senate Banking Committee in 2025, and he has promised to champion change for the crypto industry, particularly on policies that stifle innovation at home turf.

International Business Times

Senate pressure mounts on Biden to nominate first Latino to Fed - Roll Call

Several Senate Banking Committee Democrats are pushing President Joe Biden to nominate a Latino for the Federal Reserve Board.

Roll Call

Biden eyes Fed vacancy with Goolsbee reported to be in mix

White House officials have reached out to a key Democratic ally in the Senate to discuss filling the vacant role of Fed vice chair, with the Wall Street Journal reporting that Chicago Fed President Austan Goolsbee is under consideration for the post.

Tribune News Service

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Pa. Sen. Pat Toomey blocks landmark reform legislation to fight global money laundering

With just weeks left in his final term, U.S. Sen. Pat Toomey played a key role in blocking sweeping anti-money laundering legislation that was created to choke off the billions of dirty dollars pouring into the United States from shady operators, including drug traffickers, oligarchs and corrupt foreign leaders.

Tribune News Service

Senate Banking Democrats plan bigger role in crypto legislation - Roll Call

Sen. Sherrod Brown says a bill supported by Sens. Stabenow and Boozman is too favorable to the crypto industry.

Roll Call

Senate advances controversial Fed nominee on party-line vote

The Senate on Tuesday agreed to consider the nomination of Lisa Cook for a position on the Federal Reserve’s Board of Governors on a 50-49 party-line vote

The Independent UK

Senate Banking to vote on nominees who would give Fed historic race and gender diversity

President Joe Biden’s effort to build a more diverse, climate-conscious Federal Reserve faces its first hurdle Tuesday as the Senate Banking Committee votes on whether to advance five nominees to the full Senate for consideration.

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