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The Latest Breaking News from House Financial Services Committee

Scott Bessent’s ‘gotcha’ moment on Trump’s tariffs and inflation: He denies writing ‘Tariffs are inflationary’ in letter to hedge fund investors

In 2024 Bessent wrote: “Tariffs are inflationary and would strengthen the dollar.” He denied this before the House Financial Services Committee.

Fortune

Photos of the week | May 2-May 8, 2025 - Roll Call

House Republicans continued work on a reconciliation bill this week as Cabinet secretaries testified about their budget requests.

Roll Call

Trump’s tariffs can be beneficial in the long term, but Congress needs a more active role, says top GOP lawmaker

As chair of the House Financial Services Committee, French Hill is helping shepherd key crypto legislation.

Fortune

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The House version of the Warren-Marshall anti-money laundering crypto bill has hit a McHenry-sized obstacle

Rep. Sean Casten is struggling to find a co-lead for his version of the Warren-Marshall bill.

Fortune

House Republicans Launch Assault On ESG Regulations

Hearings focus on climate-related disclosures and proxy advisory services as GOP targets ESG investing

Zenger

Financial Services Committee holds four hearings targeting ESG policies

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Congress must pass stablecoin legislation, top crypto group tells lawmakers

The letter comes ahead of a pivotal congressional hearing on Thursday.

Fortune

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House Republicans ramp up ESG opposition

Ballotpedia

Congressional Republicans have Gary Gensler in their crosshairs

Rep. Hill on his new digital assets subcommittee.

Fortune

New Rep. George Santos gets 2 House committee

assignments

Newsday

Federal opposition to ESG in 2023

From state treasurers divesting pension and operating funds from BlackRock and other ESG providers to state attorneys general investigating the same providers over the impact of ESG on assorted policy matters, state officials led the pushback against environmental, social, and corporate governance investing in 2022.

Ballotpedia

Republicans map out their agenda on ESG and antitrust

The Republican Party’s majority in the House of Representatives will take office in January, and some members and committees have already started laying out their ESG agendas for the new Congress. Among those are members of the Judiciary Committee, who have indicated that they would like to understand better how…

Ballotpedia

Unlike Washington, Andreessen Horowitz has a plan to push forward crypto legislation

Collin McCune worked on the House Financial Services Committee before becoming the firm's new head of government affairs.

Fortune

‘Uniquely destined to fail’: New FTX CEO describes to Congress mess left behind by SBF

FTX CEO John Ray III was the sole witness during the House Financial Services Committee hearing.

Fortune

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ABC News

Sam Bankman-Fried promised his FTX crypto empire would save the world. US authorities say he was lying from the start

Sam Bankman-Fried insists the collapse of $32 billion crypto empire is the result of bad accounting, human error and rotten luck. US authorities say it was a "massive, years-long fraud".

Roll Call

US unseals fraud and conspiracy charges against Bankman-Fried - Roll Call

The U.S. brings criminal and civil charges Tuesday against former FTX CEO Sam Bankman-Fired, including one related to campaign finance law.

Fortune

SBF was arrested before a pivotal congressional hearing on FTX’s monumental collapse. Here’s how to watch and what to expect

What questions will lawmakers ask with SBF in custody?

Chicago Sun-Times

Former FTX CEO Sam Bankman-Fried arrested in the Bahamas

The arrest was made Monday after the U.S. filed criminal charges that are expected to be unsealed Tuesday, according to U.S. Attorney Damian Williams. Bankman-Fried had been under criminal investigation by U.S. and Bahamian authorities following the collapse last month of FTX.

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Roll Call

US files charges against FTX's Bankman-Fried, who is arrested in Bahamas - Roll Call

Bahamas authorities arrested Sam Bankman-Fried on Monday at the request of the U.S., which has filed charges against the former FTX CEO.

Fortune

SBF agreed to testify in Congress. Here’s what lawmakers are thinking about crypto legislation

How will the collapse of FTX shape regulation from Washington?

Fortune

Sam Bankman-Fried will testify before Congress

Uncertainty looms over next week’s hearings on FTX’s collapse.

WEKU

With the GOP in control of the House, here's who's likely to lead key committees

House Republicans make up the majority in the House of Representatives for the 118th Congress. Here's a rundown of the lawmakers likely gaining power in key panels at the beginning of the new year.

WEKU

Wringing its hands over FTX's collapse, Washington hopes to prevent more crypto pain

Congress, which has been unable to pass comprehensive crypto legislation, is digging into what happened as regulators try to police the new, mysterious world of virtual currencies with old laws.

Fortune

Congress will be taking a closer look at Sam Bankman-Fried’s political spending spree

The former FTX CEO became the Democratic party’s top donor apart from George Soros during the last election cycle.

Salon

GOPer brags aide leaving for Wall Street

"And her father already works for us," Bank of America CEO boasted in chummy exchange

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