Financial Services

More on Financial Services

July 24, 2020 Press Release

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.

June 17, 2020 Press Release

WASHINGTON, D.C.—Congressman Bryan Steil (WI-01) questioned Federal Reserve Chairman Jerome Powell during today’s Financial Services Committee hearing on the Fed’s actions to increase employment during coronavirus and its future economic recovery plans.

March 2, 2020 Press Release

WASHINGTON, D.C.—Today, House Financial Services Committee member, Rep. Bryan Steil (WI-01), introduced H.R. 6015, the Stop Evasion of Iran Sanctions Act.

February 10, 2020 Press Release

WASHINGTON, D.C.—Today, House Financial Services Committee member Congressman Bryan Steil (WI-01) released a statement after the Department of Justice announced four members of China’s military have been indicted on charges of hacking into Equifax.

February 4, 2020 Press Release

WASHINGTON, D.C.—Today, House Financial Services Committee member, Congressman Bryan Steil (WI-01), released a statement regarding the SEC, Federal Reserve, OCC, FDIC, and CFTC’s proposed changes to the Volcker Rule.

January 21, 2020 Press Release

RACINE, WISCONSIN—Today, Bryan Steil announced the City of Racine received more than $673,000 in Housing and Urban Development (HUD) funding to address homelessness.

“Federal, state, and local partners must work together to end homelessness. This federal funding supports Racine’s efforts to help families and youth in need and increase access to shelter. Thank you to HUD’s Midwest Regional Administrator Galvan for focusing on these important issues,” said Steil.

November 20, 2019 Press Release

WASHINGTON, D.C.—Today, House Financial Services Committee member Bryan Steil (WI-01) introduced H.R. 5116, the Corporate Governance Reform and Transparency Act. H.R. 5116 holds proxy advisory firms accountable by requiring them to register with the Securities and Exchange Commission (SEC), disclose conflicts of interest, and make their methodologies publicly available. Reps. Andy Barr, Denver Riggleman, and Ann Wagner are cosponsors of H.R. 5116.  

November 13, 2019 Press Release

WASHINGTON, D.C.—Today, House Financial Services Committee member Bryan Steil introduced H.R. 4918, the Helping Startups Continue to Grow Act. Steil’s bill streamlines reporting requirements for new companies so they can invest in growth and innovation. The Helping Startups Continue to Grow Act gives Emerging Growth Companies more time to continue expanding and developing their product under streamlined disclosure and filing procedures.  

October 29, 2019 Press Release

WASHINGTON, D.C.—Following a vote in the House Financial Services Committee, Bryan Steil (WI-01) was named a member of the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets. Steil is the only Republican freshman to serve on the Subcommittee.

September 10, 2019 Press Release

WASHINGTON, D.C.—At today’s House Financial Services Committee hearing, Bryan Steil outlined the underlying problems of rising higher education costs and the need to redirect federal efforts to make education affordable for students and parents.

Steil’s remarks, in part:

“I appreciate you [Chairwoman Waters and Ranking Member McHenry] calling today’s hearing to highlight what is a really serious issue. We have a 1.5 trillion-dollar student loan problem. Today’s hearing though, I think, digs into the false premise as to where the problem is.