More on Financial Services
WASHINGTON, D.C.—Today, Congressman Bryan Steil (WI-01) questioned Federal Reserve Chair Jerome Powell on the rising cost of goods, inflation, and rising home prices. Watch Steil’s remarks and questioning from the House Financial Services Committee hearing with Chair Powell here.
Excerpt from Steil’s opening remarks:
Chair Powell, I want to stay on the topic of inflation.
WASHINGTON, D.C.— House Financial Services Committee member Bryan Steil (WI-01) and Ranking Member of the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets Bill Huizenga (MI-02) urged U.S. Securities and Exchange Commission Chair Gary Gensler to revert his decision to reconsider recently finalized rules governing proxy voting advice firms. Read the letter here.
WASHINGTON, D.C.—Today Congressman Bryan Steil (WI-01) pressed U.S. Treasury Secretary for information regarding a recent sanctions enforcement decision. The Treasury Department lifted U.S. sanctions on 14 individuals and entities connected to funding the brutal Assad Regime in Syria and terrorism around the world. Republican Study Committee (RSC) Chairman Jim Banks (IN-03) and Congressman Joe Wilson (SC-02) joined Steil in this effort.
WASHINGTON, D.C.—House Financial Services Committee member Congressman Bryan Steil (WI-01) introduced H.R. 3448, the Helping Startups Continue to Grow Act. Steil’s bill streamlines reporting requirements for new companies so they can invest in growth and innovation. Congressmen French Hill (AR-02) and Trey Hollingsworth (IN-09) are original cosponsors of the bill.
It's the trading frenzy that saw some unlikely companies' stocks soar. Now members of Congress want answers, including Wisconsin's Bryan Steil.
"We’re going to have to get answers to what exactly played out," said Steil.
Retail investors chatting online pushed the price up of stocks like GameStop and Milwaukee-based Koss, leaving investors who had bet the stock's value would go down, in a tough spot.
A local Congressman is joining an effort among lawmakers in Washington to promote policies that strengthen capital markets and support a growing, dynamic economy. Bryan Steil of Janesville says the “Investing in Innovation Initiative” will act as a think-tank to come up with legislation to more fairly inspire investment. Steil says current investment favors companies with access to big banks like those in New York. The Republican says he wants to support businesses in small town American have similar opportunity.
WASHINGTON, D.C.—House Financial Services Committee members Bryan Steil (WI-01) and Jake Auchincloss (MA-04) introduced H.R. 2710, the Banking Transparency for Sanctioned Persons Act. H.R. 2710 requires the U.S. Treasury Department to regularly report to Congress any sanctions waivers provided to allow transactions between financial institutions and targeted individuals.
WASHINGTON, D.C.—Today following a virtual press conference, House Financial Services Committee member Congressman Bryan Steil (WI-01) launched the Investing in Innovation Initiative. Founding members of the Investing in Innovation Initiative include Reps. Ann Wagner (MO-02), Andy Barr (KY-06), Steve Stivers (OH-15), Warren Davidson (OH-08), Anthony Gonzalez (OH-16), and William Timmons (SC-04). You can watch the press conference here.
WASHINGTON, D.C.—Today, House Financial Services Committee member, Congressman Bryan Steil (WI-01), re-introduced the Stop Evasion of Iran Sanctions Act. Steil’s bill prevents those trying to avoid U.S. sanctions against the Iranian regime by using a loophole known as INSTEX. Financial Services Committee members French Hill (AR-02), Lee Zeldin (NY-01), Lance Gooden (TX-05), and William Timmons (SC-04) are original cosponsors.
WASHINGTON, D.C.—House Financial Services Committee member, Rep. Bryan Steil (WI-01), introduced H.R. 7661, the Coronavirus EGC Extension Act to extend the initial public offering (IPO) on-ramp for Emerging Growth Companies (EGCs) during the ongoing coronavirus pandemic. This on-ramp gives EGCs the opportunity to access public capital markets to fund critical investment and growth by granting them appropriately tailored exemptions from certain costly regulatory requirements.