House Financial Services Committee touts advancement of nine bipartisan bills


House Financial Service Committee Chair Maxine Waters recently announced the House of Representatives’ advancement of nine bipartisan measures.

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The Fair Hiring in Banking Act (H.R. 5911) bill would expand employment opportunities at banks and credit unions by reducing barriers to employment based on past minor criminal offenses.

The Empowering States to Protect Seniors from Bad Actors Act (H.R. 5914) would move the responsibility for administering the Senior Investor Protection Grant Program established by Sec. 989A of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) from the Consumer Financial Protection Bureau to the Securities and Exchange Commission.

The Russian and Belarus Financial Sanctions Act (H.R.7066) would clarify domestic financial institutions that are obligated to comply with various sanctions against Russia and allow Belarus to take all necessary and available actions to ensure that any entity it owns or controls, including any foreign subsidiaries, comply with the sanctions.

Additionally, the Ukraine Comprehensive Debt Payment Relief Act (H.R. 7081) would direct the Department of Treasury to use America’s voice, vote, and influence at the International Monetary Fund (IMF), the World Bank, and other relevant multilateral development banks to advocate for immediate suspension of all debt service payments owed to the institutions by Ukraine.

Other legislation included the Small Business Mergers, Acquisitions, Sales, and Brokerage Act (H.R. 935); the Isolate Russian Government Officials Act (H.R. 6891); the Russian and Belarus SDR Exchange Prohibition Act (H.R. 6899); the United States Army Rangers Veterans of World War II Congressional Gold Medal Act (S.1872) l; and the Benjamin Berell Ferencz Congressional Gold Medal Act (H.R. 6015).

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