Financial Services

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.

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.

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.

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.

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.

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.

WASHINGTON, D.C.—Today, Bryan Steil's bill, H.R. 3050, the Expanding Investment in Small Businesses Act of 2019, passed through the U.S. House of Representatives by a vote of 417-2. This is Steil's first stand-alone bill to pass the House.

JANESVILLE, WISCONSIN—Following press conferences in Racine and Janesville, Bryan Steil announced the introduction of his first bill, H.R. 2149, the Exposing the Financing of Human Trafficking Act. H.R. 2149 currently has 17 bipartisan cosponsors.