Wall Street may get one more shot to derail rules championed by the White House that would put tighter restrictions on brokers who advise Americans on saving for retirement. While financial firms trying to kill the regulations still face long …
The U.S. House of Representatives voted to reauthorize a government backstop for insurers’ losses from acts of terrorism after lawmakers let the measure expire last month. The legislation, which will extend the Terrorism Risk Insurance Act for six years, was …
A U.S. program that backstops insurance companies’ losses from acts of terrorism is set to end after the Senate didn’t extend it. Efforts to reauthorize the Terrorism Risk Insurance Act for six years fell apart after Senator Tom Coburn, an …
A measure that would ease capital and liquidity standards for insurers under the Dodd-Frank Act was approved by the U.S. House of Representatives. The House unanimously passed the bill Wednesday to give the Federal Reserve flexibility in setting the standards. …
The U.S. House voted Dec. 10 to extend by six years a federal backstop for insurers offering coverage against terrorism, advancing efforts to retain a program created in response to the attacks of Sept. 11, 2001. House lawmakers passed the …
House leaders released a proposed six-year extension of a federal program to insure property against the risk of terrorism, including a Republican proposal to revise a bank regulatory law. The measure will be brought to the the House floor tomorrow, …
Lawmakers are close to extending a federal program that covers a portion of corporations’ losses from acts of terrorism, according to three congressional aides. House Financial Services Committee Chairman Jeb Hensarling and Senator Charles Schumer are nearing a deal on …
After coming together to help Republicans retake Congress, the financial industry is splitting over the best strategy to accomplish its main goal of paring back the Dodd-Frank Act. The rift appeared the day after the Republicans’ victory in November. Lobbyists …
House Financial Services Committee Chairman Jeb Hensarling is facing a long-shot challenge to his chairmanship from an Oklahoma Republican. Representative Frank Lucas announced he is considering opposing Hensarling for the panel’s gavel. Hensarling, a Texas Republican, under his party’s rules …
The Federal Reserve would get more flexibility to set separate capital standards for systemically important insurance companies under legislation passed by the U.S. House of Representatives. The measure, adopted yesterday as part of a package of changes to the Dodd-Frank …
