Posted May, 19 2017On May 18, 2017 the Senate Banking Committee held a hearing entitled “Domestic and International Policy Update” and featured lines of questioning on regulatory relief for community banks, housing finance reform and housing guarantees, beneficiaries of tax reform and several political issues such as the status of Keith Norieka at the OCC and methods of scoring tax relief legislation.
U.S. Department of Treasury Secretary Steven T. Mnunchin was the only witness, in what was his first appearance before the Committee. He delivered remarks on currency manipulation of trading partners, comprehensive tax reform, regulatory relief for community banks, housing finance reform and combating terrorism financing.
Secretary Mnunchin plans to deliver a series of reports on regulatory reform recommendations in the near term, as well as a detailed tax reform policy paper. Housing finance reform recommendations may be pushed out to a later time frame.